Chesapeake Lodging Trust (CHSP) Downgraded by BidaskClub

Chesapeake Lodging Trust (NYSE:CHSP) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, July 25th.

Other research analysts have also recently issued reports about the stock. TheStreet cut shares of Chesapeake Lodging Trust from a “b-” rating to a “c+” rating in a research report on Tuesday, May 30th. Zacks Investment Research cut shares of Chesapeake Lodging Trust from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. Robert W. Baird restated an “outperform” rating and issued a $27.00 price objective (up from $26.00) on shares of Chesapeake Lodging Trust in a research report on Friday, June 16th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $22.00 price objective (up from $21.00) on shares of Chesapeake Lodging Trust in a research report on Tuesday, July 18th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Chesapeake Lodging Trust has an average rating of “Hold” and an average target price of $25.20.

Chesapeake Lodging Trust (NYSE CHSP) traded down 0.61% during midday trading on Tuesday, hitting $24.52. 287,213 shares of the stock were exchanged. The company has a market capitalization of $1.45 billion, a P/E ratio of 25.07 and a beta of 1.13. Chesapeake Lodging Trust has a 1-year low of $20.81 and a 1-year high of $27.08. The company’s 50 day moving average is $24.92 and its 200 day moving average is $24.36.

Chesapeake Lodging Trust (NYSE:CHSP) last posted its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.02. The company had revenue of $162.50 million for the quarter, compared to analysts’ expectations of $161.41 million. Chesapeake Lodging Trust had a net margin of 10.77% and a return on equity of 5.53%. Chesapeake Lodging Trust’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.75 earnings per share. Analysts predict that Chesapeake Lodging Trust will post $0.77 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently modified their holdings of CHSP. Zurcher Kantonalbank Zurich Cantonalbank boosted its position 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 worth $106,000 after buying an additional 477 shares during the last quarter. Daiwa Securities Group Inc. boosted its position 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 worth $113,000 after buying an additional 1,500 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new position in shares of Chesapeake Lodging Trust during the first quarter worth approximately $123,000. GAM Holding AG boosted its position in shares of Chesapeake Lodging Trust by 8.8% in the second quarter. GAM Holding AG now owns 5,307 shares of the real estate investment trust’s stock worth $130,000 after buying an additional 429 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Chesapeake Lodging Trust by 5.1% in the second quarter. SG Americas Securities LLC now owns 6,666 shares of the real estate investment trust’s stock worth $163,000 after buying an additional 325 shares during the last quarter. Institutional investors and hedge funds own 98.21% of the company’s stock.

About Chesapeake Lodging Trust

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.

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