Somewhat Positive News Coverage Somewhat Unlikely to Affect Chesapeake Lodging Trust (CHSP) Stock Price
News coverage about Chesapeake Lodging Trust (NYSE:CHSP) has trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Chesapeake Lodging Trust earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 46.5351750781614 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Chesapeake Lodging Trust (CHSP) traded up 0.60% during mid-day trading on Wednesday, hitting $25.32. 251,753 shares of the company traded hands. The company’s 50-day moving average price is $24.97 and its 200 day moving average price is $24.31. Chesapeake Lodging Trust has a one year low of $20.81 and a one year high of $27.08. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 25.89 and a beta of 1.13.
Chesapeake Lodging Trust (NYSE:CHSP) last released its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.02. The firm had revenue of $162.50 million during the quarter, compared to the consensus estimate of $161.41 million. Chesapeake Lodging Trust had a return on equity of 5.53% and a net margin of 10.77%. The company’s quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.75 earnings per share. On average, analysts anticipate that Chesapeake Lodging Trust will post $0.82 earnings per share for the current fiscal year.
CHSP has been the subject of several research reports. BidaskClub upgraded shares of Chesapeake Lodging Trust from a “hold” rating to a “buy” rating in a report on Friday, June 16th. TheStreet cut shares of Chesapeake Lodging Trust from a “b-” rating to a “c+” rating in a report on Tuesday, May 30th. Deutsche Bank AG restated a “hold” rating and set a $22.00 price target (up from $21.00) on shares of Chesapeake Lodging Trust in a report on Tuesday, July 18th. Robert W. Baird restated an “outperform” rating and set a $27.00 price target (up from $26.00) on shares of Chesapeake Lodging Trust in a report on Friday, June 16th. Finally, Zacks Investment Research cut shares of Chesapeake Lodging Trust from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $25.20.
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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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