Analyst Rating Update on Chesapeake Lodging Trust (CHSP)

Chesapeake Lodging Trust (CHSP) has an average broker rating of 3, which is interpreted as a Hold, as rated by 8 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 6 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Chesapeake Lodging Trust (CHSP) has been rated by 7 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $29 and the lowest price target forecast is $14. The average forecast of all the analysts is $23.86 and the expected standard deviation is $4.78.

Company shares have received an average consensus rating of Hold for the current week


Chesapeake Lodging Trust (NYSE:CHSP): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $24.78 and $24.65 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $25.37. The buying momentum continued till the end and the stock did not give up its gains. It closed at $25.37, notching a gain of 2.22% for the day. The total traded volume was 1,089,119 . The stock had closed at $24.82 on the previous day.

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 6,116 rooms in eight states and the District of Columbia. The Trusts 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 Trusts 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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