Headlines about Chesapeake Lodging Trust (NYSE:CHSP) have trended somewhat positive this week, according to Accern. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog 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 media sentiment score of 0.17 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 45.9856236437915 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
CHSP has been the subject of several recent analyst reports. Deutsche Bank AG reaffirmed a “hold” rating and issued a $22.00 target price (up from $21.00) on shares of Chesapeake Lodging Trust in a report on Tuesday, July 18th. Zacks Investment Research lowered Chesapeake Lodging Trust from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. Janney Montgomery Scott raised Chesapeake Lodging Trust from a “neutral” rating to a “buy” rating and upped their target price for the company from $25.00 to $32.00 in a report on Wednesday, September 27th. BidaskClub lowered Chesapeake Lodging Trust from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, Robert W. Baird set a $27.00 target price on Chesapeake Lodging Trust and gave the company a “buy” rating in a report on Friday, August 25th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $26.50.
Shares of Chesapeake Lodging Trust (NYSE CHSP) traded down 0.04% during trading on Tuesday, reaching $28.50. The company’s stock had a trading volume of 200,250 shares. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 29.14 and a beta of 1.11. Chesapeake Lodging Trust has a one year low of $20.81 and a one year high of $28.65. The firm’s 50-day moving average price is $26.34 and its 200-day moving average price is $24.81.
Chesapeake Lodging Trust (NYSE:CHSP) last posted its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. Chesapeake Lodging Trust had a net margin of 10.77% and a return on equity of 5.53%. The business had revenue of $162.50 million during the quarter, compared to the consensus estimate of $161.41 million. During the same quarter in the previous year, the firm posted $0.75 EPS. The firm’s revenue was down 4.1% on a year-over-year basis. On average, equities analysts anticipate that Chesapeake Lodging Trust will post $0.82 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 5.61%. The ex-dividend date was Thursday, September 28th. Chesapeake Lodging Trust’s dividend payout ratio (DPR) is presently 164.95%.
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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