News stories about Chesapeake Lodging Trust (NYSE:CHSP) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Chesapeake Lodging Trust earned a news sentiment score of 0.06 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 47.0424100316509 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Shares of Chesapeake Lodging Trust (NYSE:CHSP) opened at $27.37 on Tuesday. Chesapeake Lodging Trust has a fifty-two week low of $22.55 and a fifty-two week high of $29.36. The stock has a market capitalization of $1,645.35, a PE ratio of 33.79, a price-to-earnings-growth ratio of 2.30 and a beta of 1.10. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.84.
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 (EPS) for the quarter, missing the 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 during the quarter, compared to the consensus estimate of $159.18 million. During the same quarter last year, the company earned $0.71 earnings per share. The firm’s revenue was down 3.8% compared to the same quarter last year. sell-side analysts predict that Chesapeake Lodging Trust will post 2.19 EPS for the current fiscal year.
A number of research firms recently commented on CHSP. Zacks Investment Research upgraded Chesapeake Lodging Trust from a “hold” rating to a “strong-buy” rating and set a $30.00 price objective for the company in a report on Tuesday, September 19th. Janney Montgomery Scott upgraded Chesapeake Lodging Trust from a “neutral” rating to a “buy” rating and upped their price objective for the company from $25.00 to $32.00 in a report on Wednesday, September 27th. KeyCorp reiterated a “hold” rating on shares of Chesapeake Lodging Trust in a report on Sunday, September 24th. JPMorgan Chase & Co. downgraded Chesapeake Lodging Trust from a “neutral” rating to an “underweight” rating in a report on Thursday, November 16th. Finally, BidaskClub upgraded Chesapeake Lodging Trust from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Chesapeake Lodging Trust has an average rating of “Hold” and an average target price of $27.17.
In other Chesapeake Lodging Trust news, Director Jeffrey D. Nuechterlein sold 6,000 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $28.68, for a total value of $172,080.00. Following the completion of the sale, the director now directly owns 19,485 shares in the company, valued at $558,829.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.50% of the stock is owned by corporate insiders.
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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