Chesapeake Lodging Trust (CHSP) Earning Somewhat Favorable Media Coverage, Study Finds
News coverage about Chesapeake Lodging Trust (NYSE:CHSP) has been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Chesapeake Lodging Trust earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned headlines about the real estate investment trust an impact score of 45.9012936589071 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- Chesapeake Lodging Trust (CHSP) Passes Through 6% Yield Mark (nasdaq.com)
- Chesapeake Lodging Trust to Release Earnings for Quarter Ended September 30, 2017 (finance.yahoo.com)
- Chesapeake Lodging Trust (CHSP) PT Set at $27.00 by Robert W. Baird (americanbankingnews.com)
- Comparing Chesapeake Lodging Trust (CHSP) & Hersha Hospitality Trust (HT) (americanbankingnews.com)
- Chesapeake Lodging Trust to Release Earnings for Quarter Ended September 30, 2017 – Business Wire (press release) (businesswire.com)
Shares of Chesapeake Lodging Trust (CHSP) traded up 1.00% during mid-day trading on Thursday, reaching $27.21. The company had a trading volume of 467,368 shares. The stock has a 50 day moving average price of $25.73 and a 200 day moving average price of $24.57. The firm has a market capitalization of $1.61 billion, a PE ratio of 27.82 and a beta of 1.11. Chesapeake Lodging Trust has a 12-month low of $20.81 and a 12-month high of $27.46.
Chesapeake Lodging Trust (NYSE:CHSP) last announced its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.02. The business had revenue of $162.50 million for the quarter, compared to analysts’ expectations of $161.41 million. Chesapeake Lodging Trust had a return on equity of 5.53% and a net margin of 10.77%. The business’s quarterly revenue was down 4.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.75 EPS. On average, equities analysts forecast that Chesapeake Lodging Trust will post $0.82 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be given a $0.40 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.94%. Chesapeake Lodging Trust’s dividend payout ratio is currently 164.95%.
Several research analysts have commented on CHSP shares. BidaskClub raised Chesapeake Lodging Trust from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. Deutsche Bank AG reissued a “hold” rating and set a $22.00 target price (up previously from $21.00) on shares of Chesapeake Lodging Trust in a research note on Tuesday, July 18th. Robert W. Baird reissued an “outperform” rating and set a $27.00 target price (up previously from $26.00) on shares of Chesapeake Lodging Trust in a research note on Friday, June 16th. Zacks Investment Research downgraded Chesapeake Lodging Trust from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. Finally, Janney Montgomery Scott raised Chesapeake Lodging Trust from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $25.00 to $32.00 in a research note on Wednesday, September 27th. Three analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $27.20.
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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