Somewhat Positive News Coverage Somewhat Unlikely to Impact Chesapeake Lodging Trust (CHSP) Share Price
News stories about Chesapeake Lodging Trust (NYSE:CHSP) have trended somewhat positive on Friday, according to Accern. The research group identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Chesapeake Lodging Trust earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news articles about the real estate investment trust an impact score of 45.4164554309141 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- JPMorgan Says Sell Several Hotel Stocks After Recent Outperformance (talkmarkets.com)
- Chesapeake Lodging Trust (CHSP) Stock Rating Lowered by J P Morgan Chase & Co (americanbankingnews.com)
- Head to Head Analysis: Chesapeake Lodging Trust (CHSP) vs. Park Hotels & Resorts (PK) (americanbankingnews.com)
- Zacks Investment Research Lowers Chesapeake Lodging Trust (CHSP) to Sell (americanbankingnews.com)
- Chesapeake Lodging Trust (CHSP) Receives Consensus Rating of “Buy” from Brokerages (americanbankingnews.com)
A number of research firms have recently weighed in on CHSP. Zacks Investment Research lowered shares of Chesapeake Lodging Trust from a “hold” rating to a “sell” rating in a research report on Tuesday. J P Morgan Chase & Co lowered shares of Chesapeake Lodging Trust from a “neutral” rating to an “underweight” rating in a research report on Thursday. Royal Bank Of Canada reaffirmed a “hold” rating and set a $25.00 price target on shares of Chesapeake Lodging Trust in a research report on Friday, August 4th. BidaskClub lowered shares of Chesapeake Lodging Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, TheStreet raised shares of Chesapeake Lodging Trust from a “c+” rating to a “b” rating in a research report on Friday, August 4th. Two analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Chesapeake Lodging Trust currently has an average rating of “Hold” and a consensus price target of $26.67.
Chesapeake Lodging Trust (CHSP) opened at $28.35 on Friday. Chesapeake Lodging Trust has a 52-week low of $22.55 and a 52-week high of $28.77. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.56 and a current ratio of 1.56. The company has a market cap of $1,706.67, a P/E ratio of 13.02, a P/E/G ratio of 2.60 and a beta of 1.09.
Chesapeake Lodging Trust (NYSE:CHSP) last issued its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.64 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 company had revenue of $158.28 million for the quarter, compared to analyst estimates of $159.18 million. During the same period last year, the company posted $0.71 EPS. The business’s revenue for the quarter was down 3.8% on a year-over-year basis. equities research analysts expect that Chesapeake Lodging Trust will post 2.19 EPS for the current fiscal year.
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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