- Chesapeake Lodging Trust (CHSP -0.4%) is up about 50% over the past year, but has stumbled since two weeks ago warning Q4 AFFO will come in at the low end of guidance, and full-year AFFO will miss thanks to the slower-than-expected ramp at the Hyatt Herald Square New York.
- JMP downgrades to Market Perform from Outperform. The $35 price target is removed.
- Previously: Chesapeake Lodging's Q4 to come in at low end of guidance (Jan. 26)