Zacks Investment Research lowered shares of Chesapeake Lodging Trust (NYSE:CHSP) from a buy rating to a hold rating in a research note published 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 shares of Visa and gave the stock an outperform rating in a research note on Wednesday, May 8th. Six analysts have rated the stock with a hold rating, The stock presently has a consensus rating of Hold and an average price target of $30.60.

CHSP opened at $28.19 on Tuesday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.79. Chesapeake Lodging Trust has a 52-week low of $23.68 and a 52-week high of $33.81. The stock’s 50 day simple moving average is $28.67. The stock has a market capitalization of $1.69 billion, a P/E ratio of 11.81, a P/E/G ratio of 2.29 and a beta of 0.98.

Chesapeake Lodging Trust (NYSE:CHSP) last released its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.30). Chesapeake Lodging Trust had a return on equity of 6.25% and a net margin of 16.56%. The business had revenue of $133.70 million for the quarter, compared to analysts’ expectations of $134.00 million. During the same quarter in the prior year, the firm earned $0.43 earnings per share. Chesapeake Lodging Trust’s quarterly revenue was down 1.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Chesapeake Lodging Trust will post 2.43 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.60 annualized dividend and a dividend yield of 5.68%. Chesapeake Lodging Trust’s dividend payout ratio (DPR) is presently 68.38%.

Hedge funds have recently made changes to their positions in the company. Nisa Investment Advisors LLC increased its holdings in shares of Chesapeake Lodging Trust by 35.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 8,977 shares of the real estate investment trust’s stock worth $255,000 after acquiring an additional 2,357 shares during the period. WINTON GROUP Ltd acquired a new stake in shares of Chesapeake Lodging Trust in the 2nd quarter worth about $201,000. First Trust Advisors LP increased its holdings in shares of Chesapeake Lodging Trust by 15.3% in the 1st quarter. First Trust Advisors LP now owns 200,824 shares of the real estate investment trust’s stock worth $5,585,000 after acquiring an additional 26,626 shares during the period. Nordea Investment Management AB increased its holdings in shares of Chesapeake Lodging Trust by 1.8% in the 1st quarter. Nordea Investment Management AB now owns 196,597 shares of the real estate investment trust’s stock worth $5,469,000 after acquiring an additional 3,433 shares during the period. Finally, Marshall Wace North America L.P. grew its position in Chesapeake Lodging Trust by 761.7% in the 1st quarter. Marshall Wace North America L.P. now owns 14,364 shares of the real estate investment trust’s stock valued at $399,000 after buying an additional 12,697 shares in the last quarter. Institutional investors and hedge funds 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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