SunTrust Robinson Humphrey Maintains Chesapeake Lodging Trust to Neutral with Price Target $25.00

Brokerage firm SunTrust Robinson Humphrey Maintains its rating on Chesapeake Lodging Trust(NYSE:CHSP). In a research note issued to the investors, the brokerage major Lowers the price-target to $25.00 per share. The shares have been rated Neutral. The rating by SunTrust Robinson Humphrey was issued on Aug 1, 2016.

In a different note, On Jul 19, 2016, Deutsche Bank said it Maintains its rating on Chesapeake Lodging Trust. In the research note, the firm Lowers the price-target to $25.00 per share. The shares have been rated ‘Hold’ by the firm.

Chesapeake Lodging Trust (CHSP) made into the market gainers list on Mondays trading session with the shares advancing 0.15% or 0.04 points. Due to strong positive momentum, the stock ended at $25.99, which is also near the day’s high of $26.28. The stock began the session at $26.02 and the volume stood at 2,81,355 shares. The 52-week high of the shares is $31.82 and the 52 week low is $21.55. The company has a current market capitalization of $1,562 M and it has 6,01,01,531 shares in outstanding.

Chesapeake Lodging Trust(CHSP) last announced its earnings results on Jul 29, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $169.43M. Analysts had an estimated revenue of $171.50M. Earnings per share were $0.75. Analysts had estimated an EPS of $0.47.

Several Insider Transactions has been reported to the SEC. On Nov 13, 2015, Douglas W Vicari (CFO) purchased 10,000 shares at $27.50 per share price.Also, On Nov 9, 2015, Graham J. Wootten (SVP, CAO & Secretary) purchased 930 shares at $27.25 per share price.On Aug 31, 2015, Jeffrey D Nuechterlein (director) purchased 3,000 shares at $29.53 per share price, according to the Form-4 filing with the securities and exchange commission.

Chesapeake Lodging Trust (the Trust) is a self-advised real estate investment trust (REIT). The Trust is focused on investments primarily in upper-upscale hotels in business and convention markets and on a selective basis select-service hotels in urban settings or locations in the United States. The Trust owns approximately 20 hotels with an aggregate of 6116 rooms in eight states and the District of Columbia. The Trust’s hotel portfolio includes Le Meridien San Francisco Hyatt Regency Boston Hilton Checkers Los Angeles Hyatt Herald Square New York Hyatt Santa Barbara JW Marriott San Francisco Union Square and Denver Marriott City Center among others. The Trust’s operations are conducted through Chesapeake Lodging L.P. its operating partnership (the Operating Partnership). The Operating Partnership leases its hotels to CHSP TRS LLC (CHSP TRS) which is a wholly owned subsidiary of the Operating Partnership.

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