Chesapeake Lodging Trust (NYSE:CHSP) Stock Rating Upgraded by Zacks Investment Research

Chesapeake Lodging Trust (NYSE:CHSP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday, Zacks.com reports.

According to Zacks, “Chesapeake Lodging Trust is a real estate investment trust. It is a self-advised hotel investment company focused on investments in upper upscale hotels in business, airport, convention markets, and select-service hotels in urban settings or locations in the United States. “

Other analysts have also issued research reports about the stock. Deutsche Bank set a $27.00 price target on shares of Chesapeake Lodging Trust and gave the company a “hold” rating in a research report on Friday, August 2nd. Wells Fargo & Co restated a “hold” rating and set a $27.00 price target on shares of Chesapeake Lodging Trust in a research report on Friday, August 9th. Finally, Robert W. Baird lowered shares of Chesapeake Lodging Trust from an “outperform” rating to a “neutral” rating and set a $31.00 price target on the stock. in a research report on Wednesday, May 8th. Five analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and an average target price of $29.75.

CHSP stock traded up $0.12 during midday trading on Thursday, hitting $26.02. 132,300 shares of the stock traded hands, compared to its average volume of 349,797. The firm has a market cap of $1.59 billion, a P/E ratio of 11.12, a PEG ratio of 2.20 and a beta of 0.97. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.60 and a quick ratio of 1.60. The stock’s fifty day simple moving average is $27.27 and its 200-day simple moving average is $28.59. Chesapeake Lodging Trust has a 1-year low of $23.68 and a 1-year high of $33.81.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Kennedy Capital Management Inc. boosted its position in Chesapeake Lodging Trust by 20.5% during the first quarter. Kennedy Capital Management Inc. now owns 148,075 shares of the real estate investment trust’s stock worth $4,118,000 after acquiring an additional 25,204 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in Chesapeake Lodging Trust during the 1st quarter worth $494,000. Mason Street Advisors LLC raised its position in Chesapeake Lodging Trust by 4.1% during the 1st quarter. Mason Street Advisors LLC now owns 19,515 shares of the real estate investment trust’s stock worth $543,000 after buying an additional 760 shares during the last quarter. First Quadrant L P CA raised its position in Chesapeake Lodging Trust by 51.5% during the 1st quarter. First Quadrant L P CA now owns 58,008 shares of the real estate investment trust’s stock worth $1,613,000 after buying an additional 19,716 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Chesapeake Lodging Trust by 6.9% during the 4th quarter. Geode Capital Management LLC now owns 955,576 shares of the real estate investment trust’s stock worth $23,268,000 after buying an additional 61,413 shares during the last quarter. Institutional investors and hedge funds own 96.02% 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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