Wells Fargo Sticks to Its Hold Rating for Chesapeake Lodging (CHSP)

In a report issued on July 21, Jeffrey Donnelly from Wells Fargo maintained a Hold rating on Chesapeake Lodging (CHSPResearch Report). The company’s shares opened today at $27.69.

According to TipRanks.com, Donnelly is a 4-star analyst with an average return of 12.2% and a 67.6% success rate. Donnelly covers the Financial sector, focusing on stocks such as Hersha Hospitality Trust, Camden Property Trust, and American Assets Trust.

Currently, the analyst consensus on Chesapeake Lodging is a Hold with an average price target of $31.

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Chesapeake Lodging’s market cap is currently $1.67B and has a P/E ratio of 16.84. The company has a Price to Book ratio of 1.62.

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Chesapeake Lodging Trust operates as a self-advised real estate investment trust. It engages in the management and operation of hotels. The firm focuses on investments primarily in upper-upscale hotels in major business and convention markets.