Chesapeake Lodging Trust (CHSP) Given Daily Coverage Optimism Rating of 0.17
News coverage about Chesapeake Lodging Trust (NYSE:CHSP) has trended somewhat positive recently, according to Accern. The research group ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Chesapeake Lodging Trust earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 45.0517812894745 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
CHSP has been the subject of a number of research analyst reports. Robert W. Baird set a $27.00 price target on Chesapeake Lodging Trust and gave the company a “buy” rating in a report on Friday, August 25th. Janney Montgomery Scott upgraded Chesapeake Lodging Trust from a “neutral” rating to a “buy” rating and boosted their price target for the company from $25.00 to $32.00 in a report on Wednesday, September 27th. BidaskClub upgraded Chesapeake Lodging Trust from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 28th. J P Morgan Chase & Co downgraded Chesapeake Lodging Trust from a “neutral” rating to an “underweight” rating in a report on Thursday, November 16th. Finally, KeyCorp reiterated a “hold” rating on shares of Chesapeake Lodging Trust in a report on Sunday, September 24th. Two analysts have rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $27.17.
Chesapeake Lodging Trust (NYSE CHSP) opened at $28.01 on Monday. The company has a market capitalization of $1,683.82, a price-to-earnings ratio of 12.85, a P/E/G ratio of 2.55 and a beta of 1.09. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.56 and a current ratio of 1.56. Chesapeake Lodging Trust has a 52 week low of $22.55 and a 52 week high of $29.36.
Chesapeake Lodging Trust (NYSE:CHSP) last issued its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.64 EPS for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.01). The company had revenue of $158.28 million for the quarter, compared to the consensus estimate of $159.18 million. Chesapeake Lodging Trust had a return on equity of 5.11% and a net margin of 9.71%. Chesapeake Lodging Trust’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.71 earnings per share. analysts anticipate that Chesapeake Lodging Trust will post 2.2 earnings per share for the current year.
In related news, Director Jeffrey D. Nuechterlein sold 6,000 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $28.68, for a total transaction of $172,080.00. Following the completion of the transaction, the director now directly owns 19,485 shares in the company, valued at approximately $558,829.80. The sale was disclosed in a document filed with the SEC, which is available through this link. 2.20% 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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