Chesapeake Lodging Trust (NYSE:CHSP) received a $27.00 price target from research analysts at Deutsche Bank in a note issued to investors on Friday, TipRanks reports. The firm presently has a “hold” rating on the real estate investment trust’s stock. Deutsche Bank’s price objective indicates a potential upside of 2.70% from the stock’s previous close.
CHSP has been the subject of several other reports. Robert W. Baird cut shares of Chesapeake Lodging Trust from an “outperform” rating to a “neutral” rating and set a $31.00 price objective for the company. in a research report on Wednesday, May 8th. Zacks Investment Research upgraded shares of Chesapeake Lodging Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, July 30th. Five equities research analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and an average target price of $30.00.
Shares of NYSE:CHSP traded up $0.12 during midday trading on Friday, hitting $26.29. The company’s stock had a trading volume of 127,773 shares, compared to its average volume of 268,377. The business’s 50 day moving average is $28.08. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.60 and a current ratio of 1.60. The stock has a market cap of $1.63 billion, a P/E ratio of 11.24, a P/E/G ratio of 2.21 and a beta of 0.97. Chesapeake Lodging Trust has a 12-month low of $23.68 and a 12-month high of $33.81.
Institutional investors have recently added to or reduced their stakes in the stock. Sandy Spring Bank purchased a new position in Chesapeake Lodging Trust in the second quarter worth approximately $34,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Chesapeake Lodging Trust during the 2nd quarter worth approximately $43,000. Nisa Investment Advisors LLC lifted its position in shares of Chesapeake Lodging Trust by 74.2% during the 1st quarter. Nisa Investment Advisors LLC now owns 6,620 shares of the real estate investment trust’s stock worth $184,000 after buying an additional 2,820 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in Chesapeake Lodging Trust in the 2nd quarter valued at $201,000. Finally, CWM Advisors LLC purchased a new stake in Chesapeake Lodging Trust in the 2nd quarter valued at $208,000. Hedge funds and other institutional investors own 97.23% of the company’s stock.
Chesapeake Lodging Trust Company Profile
Chesapeake Lodging Trust is a self-advised lodging real estate investment trust (REIT) focused on investments primarily in upper-upscale hotels in major business and convention markets and, on a selective basis, premium select-service hotels in urban settings or unique locations in the United States.
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