Zacks Investment Research Downgrades Chesapeake Lodging Trust (NYSE:CHSP) to Sell

Zacks Investment Research downgraded shares of Chesapeake Lodging Trust (NYSE:CHSP) from a hold rating to a sell rating in a research note published on Tuesday morning, 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. “

Several other equities analysts have also weighed in on CHSP. Deutsche Bank set a $27.00 price objective on Chesapeake Lodging Trust and gave the company a hold rating in a research note on Friday, August 2nd. Wells Fargo & Co reaffirmed a hold rating and issued a $27.00 price objective on shares of Chesapeake Lodging Trust in a research note on Friday, August 9th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $29.75.



NYSE CHSP opened at $27.17 on Tuesday. The firm has a market capitalization of $1.66 billion, a P/E ratio of 11.61, a P/E/G ratio of 2.31 and a beta of 0.99. 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 0.79, a current ratio of 1.60 and a quick ratio of 1.60. The business’s 50-day simple moving average is $26.31 and its 200-day simple moving average is $28.19.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CHSP. Geode Capital Management LLC lifted its stake in shares of Chesapeake Lodging Trust by 6.9% in the 4th quarter. Geode Capital Management LLC now owns 955,576 shares of the real estate investment trust’s stock valued at $23,268,000 after purchasing an additional 61,413 shares in the last quarter. SG Americas Securities LLC lifted its position in Chesapeake Lodging Trust by 75.2% during the 1st quarter. SG Americas Securities LLC now owns 11,372 shares of the real estate investment trust’s stock worth $316,000 after acquiring an additional 4,881 shares in the last quarter. Rhumbline Advisers lifted its position in Chesapeake Lodging Trust by 0.9% during the 1st quarter. Rhumbline Advisers now owns 187,370 shares of the real estate investment trust’s stock worth $5,211,000 after acquiring an additional 1,685 shares in the last quarter. Comerica Bank lifted its position in Chesapeake Lodging Trust by 3.3% during the 1st quarter. Comerica Bank now owns 48,870 shares of the real estate investment trust’s stock worth $1,407,000 after acquiring an additional 1,578 shares in the last quarter. Finally, Texas Permanent School Fund lifted its position in Chesapeake Lodging Trust by 4.4% during the 1st quarter. Texas Permanent School Fund now owns 41,258 shares of the real estate investment trust’s stock worth $1,147,000 after acquiring an additional 1,737 shares in the last quarter. 92.90% of the stock is currently owned by institutional investors and hedge funds.

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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