Chesapeake Lodging Trust (CHSP) Getting Somewhat Positive Media Coverage, Analysis Shows
Media stories about Chesapeake Lodging Trust (NYSE:CHSP) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Chesapeake Lodging Trust earned a news impact score of 0.19 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 46.7598171524935 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Chesapeake Lodging Trust (NYSE:CHSP) Given Consensus Recommendation of “Hold” by Analysts (americanbankingnews.com)
- Zacks Investment Research Upgrades Chesapeake Lodging Trust (CHSP) to Hold (americanbankingnews.com)
- Chesapeake Lodging Trust breached its 50 day moving average in a Bearish Manner : CHSP-US : August 4, 2017 (finance.yahoo.com)
- Chesapeake Lodging Trust (NYSE:CHSP) Earns Hold Rating from Royal Bank Of Canada (americanbankingnews.com)
- Edited Transcript of CHSP earnings conference call or presentation 2-Aug-17 3:00pm GMT (finance.yahoo.com)
Chesapeake Lodging Trust (NYSE:CHSP) last released its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. The firm had revenue of $162.50 million during the quarter, compared to analyst estimates of $161.41 million. Chesapeake Lodging Trust had a return on equity of 5.53% and a net margin of 10.77%. The business’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.75 earnings per share.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.30%. The ex-dividend date of this dividend was Wednesday, June 28th. Chesapeake Lodging Trust’s dividend payout ratio (DPR) is 164.95%.
Several analysts have weighed in on the company. TheStreet cut Chesapeake Lodging Trust from a “b-” rating to a “c+” rating in a report on Tuesday, May 30th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $25.00 price target on shares of Chesapeake Lodging Trust in a report on Friday. BidaskClub cut Chesapeake Lodging Trust from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Zacks Investment Research raised Chesapeake Lodging Trust from a “sell” rating to a “hold” rating in a report on Friday. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $27.00 price target (up previously from $26.00) on shares of Chesapeake Lodging Trust in a report on Friday, June 16th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $25.20.
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Chesapeake Lodging Trust Company Profile
Chesapeake Lodging Trust is a real estate investment trust. The Company is focused on investments primarily in upper-upscale hotels in various business and convention markets and, on a selective basis, select-service hotels in urban settings or other locations in the United States. The Company operates through the hotel ownership segment.
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