Somewhat Positive News Coverage Somewhat Unlikely to Impact Chesapeake Lodging Trust (CHSP) Stock Price
Media stories about Chesapeake Lodging Trust (NYSE:CHSP) have trended somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Chesapeake Lodging Trust earned a coverage optimism score of 0.09 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 46.6707900762906 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment’s analysis:
- KeyCorp Weighs in on Chesapeake Lodging Trust’s Q4 2017 Earnings (CHSP) (americanbankingnews.com)
- Chesapeake Lodging Trust (CHSP) Expected to Post Earnings of $0.50 Per Share (americanbankingnews.com)
- Chesapeake Lodging Trust (CHSP) to Post FY2018 Earnings of $2.41 Per Share, KeyCorp Forecasts (americanbankingnews.com)
- Research Analysts Issue Forecasts for Chesapeake Lodging Trust’s FY2019 Earnings (CHSP) (americanbankingnews.com)
- Chesapeake Lodging Tr Trying To Close In On Key Technical Benchmark (finance.yahoo.com)
CHSP has been the topic of a number of research reports. Robert W. Baird set a $30.00 price objective on Chesapeake Lodging Trust and gave the company a “buy” rating in a research note on Friday, December 1st. SunTrust Banks restated a “hold” rating and issued a $23.00 price objective on shares of Chesapeake Lodging Trust in a research note on Tuesday, October 17th. JPMorgan Chase & Co. cut Chesapeake Lodging Trust from a “neutral” rating to an “underweight” rating in a research note on Thursday, November 16th. Zacks Investment Research cut Chesapeake Lodging Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. Finally, BidaskClub upgraded Chesapeake Lodging Trust from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 28th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Chesapeake Lodging Trust presently has an average rating of “Hold” and a consensus price target of $27.17.
Chesapeake Lodging Trust (NYSE:CHSP) last announced its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.64 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.01). Chesapeake Lodging Trust had a net margin of 9.71% and a return on equity of 5.11%. The company had revenue of $158.28 million for the quarter, compared to the consensus estimate of $159.18 million. During the same quarter in the prior year, the company earned $0.71 earnings per share. The company’s quarterly revenue was down 3.8% on a year-over-year basis. sell-side analysts predict that Chesapeake Lodging Trust will post 2.2 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 5.82%. The ex-dividend date is Thursday, December 28th. Chesapeake Lodging Trust’s dividend payout ratio is presently 195.12%.
In other news, Director Jeffrey D. Nuechterlein sold 6,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $28.68, for a total transaction of $172,080.00. Following the sale, the director now directly owns 19,485 shares in the company, valued at $558,829.80. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 2.20% of the company’s stock.
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About Chesapeake Lodging Trust
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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