Shares of Chesapeake Lodging Trust (NYSE:CHSP) have earned a consensus recommendation of “Hold” from the seven analysts that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $28.26.
CHSP has been the subject of a number of recent research reports. ValuEngine lowered shares of Chesapeake Lodging Trust from a “buy” rating to a “hold” rating in a report on Friday, October 12th. Wells Fargo & Co cut their target price on shares of Chesapeake Lodging Trust from $32.00 to $28.00 and set a “market perform” rating for the company in a report on Friday, November 2nd. Zacks Investment Research raised shares of Chesapeake Lodging Trust from a “sell” rating to a “hold” rating in a report on Monday, December 17th. Finally, Robert W. Baird raised shares of Chesapeake Lodging Trust from a “neutral” rating to an “outperform” rating and set a $31.00 target price for the company in a report on Tuesday.
In other Chesapeake Lodging Trust news, Director Jeffrey D. Nuechterlein sold 1,000 shares of Chesapeake Lodging Trust stock in a transaction on Thursday, December 13th. The shares were sold at an average price of $28.45, for a total transaction of $28,450.00. Following the completion of the transaction, the director now directly owns 13,154 shares of the company’s stock, valued at $374,231.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeffrey D. Nuechterlein sold 3,000 shares of Chesapeake Lodging Trust stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $29.74, for a total transaction of $89,220.00. Following the transaction, the director now directly owns 14,154 shares of the company’s stock, valued at $420,939.96. The disclosure for this sale can be found here. 2.60% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd bought a new stake in shares of Chesapeake Lodging Trust during the third quarter worth $242,000. Riverhead Capital Management LLC lifted its position in shares of Chesapeake Lodging Trust by 37.3% during the third quarter. Riverhead Capital Management LLC now owns 8,469 shares of the real estate investment trust’s stock worth $272,000 after purchasing an additional 2,300 shares during the last quarter. Jennison Associates LLC bought a new stake in shares of Chesapeake Lodging Trust during the third quarter worth $397,000. WINTON GROUP Ltd bought a new stake in shares of Chesapeake Lodging Trust during the second quarter worth $400,000. Finally, First Quadrant L P CA bought a new stake in shares of Chesapeake Lodging Trust during the third quarter worth $404,000. 97.22% of the stock is owned by institutional investors.
Shares of CHSP stock traded up $0.14 on Friday, reaching $26.88. The company’s stock had a trading volume of 275,645 shares, compared to its average volume of 455,050. Chesapeake Lodging Trust has a 1 year low of $23.68 and a 1 year high of $33.81. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.75 and a current ratio of 1.75. The firm has a market cap of $1.60 billion, a PE ratio of 12.39, a price-to-earnings-growth ratio of 2.14 and a beta of 1.07.
Chesapeake Lodging Trust (NYSE:CHSP) last posted its earnings results on Thursday, November 1st. The real estate investment trust reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.32). Chesapeake Lodging Trust had a net margin of 18.64% and a return on equity of 7.47%. The business had revenue of $156.35 million during the quarter, compared to analysts’ expectations of $157.13 million. During the same period last year, the business posted $0.64 earnings per share. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. On average, equities analysts predict that Chesapeake Lodging Trust will post 2.31 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 5.95%. The ex-dividend date is Friday, December 28th. Chesapeake Lodging Trust’s payout ratio is 73.73%.
About Chesapeake Lodging Trust
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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