Chesapeake Lodging Trust (NYSE:CHSP) Change of Rating

In an analyst note revealed to clients on Wednesday, 27 September, Janney Capital raised shares of Chesapeake Lodging Trust (NYSE:CHSP) to Buy rating from Neutral rating.

Out of 7 brokers covering Chesapeake Lodging Trust, 1 rate it a Buy, 7 indicate a Hold while 1 suggest a Sell. The highest target is $31 and the lowest is $13.5 according to Thomson/First Call. The 12-month mean target is $24.5, which means downside potential of 8.92% over the current price.

Institutional Ownership

Graybill Bartz & Assoc Ltd had the most significant stake with ownership of 137,221 shares as of q2 2015 for 2.92% of the US equity exposure. Adelante Capital Management Llc is another bullish investment manager who is possessing 1.95 million shares of Chesapeake Lodging Trust or 2.09% of their US equity exposure. Also, Dean Capital Management have 1.29% of their US equity exposure invested in the company for 54,130 shares. The New York-based fund Capital Management Associates Ny disclosed it had purchased a stake worth about 1.14% of the investment manager’s stock portfolio in Chesapeake Lodging Trust. The Illinois-based fund Harrison Street Securities Llc is also positive about the stock, possessing 31,400 shares or 1.07% of their US equity exposure.

Chesapeake Lodging Trust (NYSE:CHSP) Profile

Chesapeake Lodging Trust is a real estate investment trust. The Company is focused on investments primarily in upper-upscale hotels in various business and convention markets and, on a selective basis, select-service hotels in urban settings or other locations in the United States. The Company operates through the hotel ownership segment.

Chesapeake Lodging Trust (NYSE:CHSP) traded up 2.05% on 27 September, hitting $26.9. A total of 81,722 shares of the company’s stock traded hands. This is down from average of 278,474 shares. Chesapeake Lodging Trust has a 52 week low of $20.81 and a 52 week high of $27.16. The company has a market cap of $1.62B and a P/E ratio of 27.54.

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