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

Chesapeake Lodging Trust (NYSE:CHSP) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday, 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. “

Separately, Robert W. Baird set a $182.00 price objective on Visa and gave the company an “outperform” rating in a research report on Wednesday, May 8th. Six research analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and a consensus price target of $30.60.

NYSE CHSP traded down $0.41 on Tuesday, reaching $27.87. 12,274 shares of the stock traded hands, compared to its average volume of 376,198. Chesapeake Lodging Trust has a 12 month low of $23.68 and a 12 month high of $33.81. The stock’s fifty day moving average price is $28.74. The company has a market capitalization of $1.73 billion, a P/E ratio of 11.93, a price-to-earnings-growth ratio of 2.34 and a beta of 0.98. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.55 and a current ratio of 1.55.

Chesapeake Lodging Trust (NYSE:CHSP) last announced its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.30). Chesapeake Lodging Trust had a net margin of 16.56% and a return on equity of 6.25%. The company had revenue of $133.70 million for the quarter, compared to analyst estimates of $134.00 million. During the same quarter last year, the company posted $0.43 EPS. Chesapeake Lodging Trust’s revenue was down 1.0% on a year-over-year basis. Research analysts predict that Chesapeake Lodging Trust will post 2.43 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in shares of Chesapeake Lodging Trust by 2.4% during the 4th quarter. BlackRock Inc. now owns 10,486,206 shares of the real estate investment trust’s stock worth $255,339,000 after buying an additional 246,860 shares during the period. Texas Permanent School Fund raised its stake in Chesapeake Lodging Trust by 4.0% in the 4th quarter. Texas Permanent School Fund now owns 39,521 shares of the real estate investment trust’s stock valued at $962,000 after purchasing an additional 1,520 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its holdings in Chesapeake Lodging Trust by 136.6% in the 4th quarter. Los Angeles Capital Management & Equity Research Inc. now owns 26,057 shares of the real estate investment trust’s stock valued at $634,000 after buying an additional 15,046 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in Chesapeake Lodging Trust in the 4th quarter valued at $249,000. Finally, Blueshift Asset Management LLC purchased a new stake in Chesapeake Lodging Trust in the 4th quarter valued at $389,000. Institutional investors own 97.81% 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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