Deutsche Bank Analysts Give Chesapeake Lodging Trust (NYSE:CHSP) a $27.00 Price Target

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.

Chesapeake Lodging Trust (NYSE:CHSP) last posted its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.30). The business had revenue of $133.70 million during the quarter, compared to analysts’ expectations of $134.00 million. Chesapeake Lodging Trust had a return on equity of 5.73% and a net margin of 15.74%. The business’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.43 earnings per share. Sell-side analysts forecast that Chesapeake Lodging Trust will post 2.43 EPS for the current year.

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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