Chesapeake Lodging Trust (CHSP) Getting Somewhat Positive Media Coverage, Report Shows
Media stories about Chesapeake Lodging Trust (NYSE:CHSP) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than twenty 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 media sentiment score of 0.16 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 45.6342412397548 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of Chesapeake Lodging Trust (CHSP) opened at $28.43 on Wednesday. Chesapeake Lodging Trust has a 1-year low of $22.55 and a 1-year high of $29.36. The stock has a market cap of $1,736.12, a price-to-earnings ratio of 13.25, a PEG ratio of 2.63 and a beta of 1.09. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.84.
Chesapeake Lodging Trust (NYSE:CHSP) last released its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.01). Chesapeake Lodging Trust had a return on equity of 5.11% and a net margin of 9.71%. The business had revenue of $158.28 million for the quarter, compared to analysts’ expectations of $159.18 million. During the same period in the previous year, the company earned $0.71 EPS. Chesapeake Lodging Trust’s quarterly revenue was down 3.8% compared to the same quarter last year. equities research analysts forecast that Chesapeake Lodging Trust will post 2.2 EPS for the current fiscal year.
Several brokerages recently commented on CHSP. Zacks Investment Research raised shares of Chesapeake Lodging Trust from a “hold” rating to a “strong-buy” rating and set a $30.00 price target for the company in a report on Tuesday, September 19th. Janney Montgomery Scott raised shares of Chesapeake Lodging Trust from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $25.00 to $32.00 in a report on Wednesday, September 27th. KeyCorp reissued a “hold” rating on shares of Chesapeake Lodging Trust in a report on Sunday, September 24th. J P Morgan Chase & Co lowered shares of Chesapeake Lodging Trust from a “neutral” rating to an “underweight” rating in a report on Thursday, November 16th. Finally, BidaskClub raised shares of Chesapeake Lodging Trust from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 28th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $27.17.
In other news, Director Jeffrey D. Nuechterlein sold 6,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $28.68, for a total transaction of $172,080.00. Following the transaction, the director now owns 19,485 shares of the company’s stock, valued at approximately $558,829.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 2.50% of the stock is owned by corporate insiders.
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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