Chesapeake Lodging Trust (NYSE:CHSP)‘s stock had its “outperform” rating reissued by stock analysts at Robert W. Baird in a research note issued on Friday. They presently have a $27.00 target price on the real estate investment trust’s stock, up from their prior target price of $26.00. Robert W. Baird’s price target indicates a potential upside of 7.70% from the company’s previous close.
CHSP has been the topic of a number of other reports. Janney Montgomery Scott restated a “neutral” rating and set a $24.00 price objective on shares of Chesapeake Lodging Trust in a research report on Thursday, February 23rd. Zacks Investment Research downgraded Chesapeake Lodging Trust from a “hold” rating to a “sell” rating in a report on Tuesday, March 7th. TheStreet downgraded Chesapeake Lodging Trust from a “b-” rating to a “c+” rating in a report on Tuesday, May 30th. Finally, BidaskClub upgraded Chesapeake Lodging Trust from a “hold” rating to a “buy” rating in a report on Friday. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $25.25.
Chesapeake Lodging Trust (NYSE CHSP) traded up 1.05% during trading on Friday, reaching $25.07. The company had a trading volume of 641,276 shares. The firm’s 50 day moving average is $23.57 and its 200 day moving average is $24.50. Chesapeake Lodging Trust has a one year low of $20.81 and a one year high of $27.08. The company has a market capitalization of $1.48 billion, a PE ratio of 23.04 and a beta of 1.09.
Chesapeake Lodging Trust (NYSE:CHSP) last issued its quarterly earnings data on Tuesday, April 25th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05. Chesapeake Lodging Trust had a return on equity of 6.07% and a net margin of 11.77%. The business had revenue of $134.90 million for the quarter, compared to the consensus estimate of $132.06 million. During the same period in the prior year, the business posted $0.44 earnings per share. The company’s quarterly revenue was down 4.1% compared to the same quarter last year. On average, equities research analysts predict that Chesapeake Lodging Trust will post $0.79 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Friday, June 30th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $1.60 annualized dividend and a dividend yield of 6.38%. Chesapeake Lodging Trust’s payout ratio is 146.79%.
TRADEMARK VIOLATION WARNING: This article was originally reported by sleekmoney and is the property of of sleekmoney. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international trademark and copyright laws. The correct version of this article can be accessed at https://sleekmoney.com/chesapeake-lodging-trust-chsp-rating-reiterated-by-robert-w-baird/1915977.html.
Large investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Chesapeake Lodging Trust by 12.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,444 shares of the real estate investment trust’s stock valued at $106,000 after buying an additional 477 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Chesapeake Lodging Trust by 46.9% in the first quarter. Daiwa Securities Group Inc. now owns 4,700 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 1,500 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in shares of Chesapeake Lodging Trust during the first quarter valued at $123,000. Quantbot Technologies LP acquired a new stake in shares of Chesapeake Lodging Trust during the first quarter valued at $184,000. Finally, ProShare Advisors LLC increased its stake in shares of Chesapeake Lodging Trust by 3.5% in the first quarter. ProShare Advisors LLC now owns 11,272 shares of the real estate investment trust’s stock valued at $197,000 after buying an additional 386 shares during the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.
Chesapeake Lodging Trust Company Profile
Chesapeake Lodging Trust is a real estate investment trust. The Company is focused on investments primarily in upper-upscale hotels in various business and convention markets and, on a selective basis, select-service hotels in urban settings or other locations in the United States. The Company operates through the hotel ownership segment.
This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/chesapeake-lodging-trust-chsp-rating-reiterated-by-robert-w-baird/1915977.html
Receive News & Ratings for Chesapeake Lodging Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chesapeake Lodging Trust and related companies with MarketBeat.com's FREE daily email newsletter.