Deutsche Bank Upgrades Chesapeake Lodging Trust (CHSP) to Buy; Right Combination of Growth Potential, Value, and Yield

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Deutsche Bank upgraded Chesapeake Lodging Trust (NYSE: CHSP) from Hold to Buy with a price target of $18.50.

Deutsche analyst says, "The company has put together a collection of hotels in markets with low supply growth over the next few years, yet CHSP's occupancy for 2011 will be close to 80%. The combination of high occupancy and low supply growth sets up CHSP well for profitable RevPAR growth in 2012 and 2013. Additionally, CHSP still has room for one or two more acquisitions, yet CHSP is a good relative value even without additional acquisitions."

For an analyst ratings summary and ratings history on Chesapeake Lodging Trust click here. For more ratings news on Chesapeake Lodging Trust click here.

Shares of Chesapeake Lodging Trust closed at $15.12 yesterday, with a 52 week range of $10.69-$20.22.

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