Chesapeake Lodging Trust (CHSP) Stock Rating Lowered by J P Morgan Chase & Co

Chesapeake Lodging Trust (NYSE:CHSP) was downgraded by equities researchers at J P Morgan Chase & Co from a “neutral” rating to an “underweight” rating in a research report issued on Thursday.

Several other research firms have also recently commented on CHSP. SunTrust Banks, Inc. restated a “hold” rating and issued a $23.00 price target on shares of Chesapeake Lodging Trust in a report on Tuesday, October 17th. Robert W. Baird restated a “buy” rating and issued a $27.00 price target on shares of Chesapeake Lodging Trust in a report on Sunday, November 5th. Zacks Investment Research cut Chesapeake Lodging Trust from a “hold” rating to a “sell” rating in a report on Tuesday. BidaskClub upgraded Chesapeake Lodging Trust from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 28th. Finally, Janney Montgomery Scott upgraded Chesapeake Lodging Trust from a “neutral” rating to a “buy” rating and lifted their price target for the company from $25.00 to $32.00 in a report on Wednesday, September 27th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Chesapeake Lodging Trust currently has an average rating of “Hold” and an average target price of $26.67.

Shares of Chesapeake Lodging Trust (CHSP) opened at $28.37 on Thursday. The company has a market capitalization of $1,706.67, a PE ratio of 13.02, a P/E/G ratio of 2.60 and a beta of 1.09. Chesapeake Lodging Trust has a 52-week low of $22.55 and a 52-week high of $28.77. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.56 and a current ratio of 1.56.

Chesapeake Lodging Trust (NYSE:CHSP) last posted its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). The company had revenue of $158.28 million for the quarter, compared to analysts’ expectations of $159.18 million. Chesapeake Lodging Trust had a return on equity of 5.11% and a net margin of 9.71%. The company’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.71 EPS. analysts expect that Chesapeake Lodging Trust will post 2.19 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in CHSP. Teachers Advisors LLC lifted its stake in shares of Chesapeake Lodging Trust by 2.5% in the 1st quarter. Teachers Advisors LLC now owns 103,393 shares of the real estate investment trust’s stock valued at $2,477,000 after purchasing an additional 2,480 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Chesapeake Lodging Trust by 9.9% in the 1st quarter. Geode Capital Management LLC now owns 664,535 shares of the real estate investment trust’s stock valued at $15,922,000 after purchasing an additional 59,972 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Chesapeake Lodging Trust by 6.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 859,198 shares of the real estate investment trust’s stock valued at $20,586,000 after purchasing an additional 52,957 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Chesapeake Lodging Trust by 64.2% in the 1st quarter. Bank of America Corp DE now owns 126,668 shares of the real estate investment trust’s stock valued at $3,034,000 after purchasing an additional 49,528 shares in the last quarter. Finally, State Street Corp lifted its stake in shares of Chesapeake Lodging Trust by 7.2% in the 1st quarter. State Street Corp now owns 2,279,502 shares of the real estate investment trust’s stock valued at $54,617,000 after purchasing an additional 153,511 shares in the last quarter. 98.62% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Chesapeake Lodging Trust (NYSE:CHSP)

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