News stories about Chesapeake Lodging Trust (NYSE:CHSP) have been trending somewhat positive on Friday, according to Accern. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Chesapeake Lodging Trust earned a news impact score of 0.13 on Accern’s scale. Accern also gave news coverage about the real estate investment trust an impact score of 48.2739474790994 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
Several brokerages have issued reports on CHSP. Zacks Investment Research raised shares of Chesapeake Lodging Trust from a “sell” rating to a “hold” rating in a research report on Monday. JPMorgan Chase & Co. downgraded shares of Chesapeake Lodging Trust from a “neutral” rating to an “underweight” rating in a research report on Thursday, November 16th. Robert W. Baird reaffirmed a “buy” rating and issued a $29.00 price objective on shares of Chesapeake Lodging Trust in a research report on Friday, February 16th. Deutsche Bank increased their price objective on shares of Chesapeake Lodging Trust from $23.00 to $26.00 and gave the company a “hold” rating in a research report on Friday, February 9th. Finally, Janney Montgomery Scott lowered their price objective on shares of Chesapeake Lodging Trust from $32.00 to $26.32 and set a “fair value” rating for the company in a research report on Friday, February 16th. One analyst has rated the stock with a sell rating, six have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Chesapeake Lodging Trust currently has an average rating of “Hold” and an average target price of $26.72.
Shares of Chesapeake Lodging Trust (NYSE CHSP) opened at $26.08 on Friday. Chesapeake Lodging Trust has a 1 year low of $22.55 and a 1 year high of $29.36. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.45 and a current ratio of 1.45. The firm has a market cap of $1,569.29, a P/E ratio of 23.50, a PEG ratio of 2.18 and a beta of 1.08.
Chesapeake Lodging Trust (NYSE:CHSP) last released its quarterly earnings results on Thursday, February 15th. The real estate investment trust reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.02). Chesapeake Lodging Trust had a return on equity of 6.67% and a net margin of 12.34%. The company had revenue of $142.70 million for the quarter, compared to analyst estimates of $143.85 million. During the same period in the previous year, the business posted $0.48 EPS. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. research analysts expect that Chesapeake Lodging Trust will post 2.38 EPS for the current fiscal year.
In other news, Director Jeffrey D. Nuechterlein sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $28.68, for a total transaction of $172,080.00. Following the completion of the sale, the director now owns 19,485 shares of the company’s stock, valued at $558,829.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.20% of the stock is currently owned by company insiders.
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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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