Somewhat Positive Press Coverage Somewhat Unlikely to Impact Chesapeake Lodging Trust (CHSP) Share Price

Media coverage about Chesapeake Lodging Trust (NYSE:CHSP) has trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Chesapeake Lodging Trust earned a news sentiment score of 0.10 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 45.9463056305624 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Several equities analysts have recently weighed in on the stock. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $23.00 target price on shares of Chesapeake Lodging Trust in a research note on Tuesday, October 17th. Robert W. Baird set a $27.00 target price on shares of Chesapeake Lodging Trust and gave the stock a “buy” rating in a research note on Sunday, October 1st. BidaskClub upgraded shares of Chesapeake Lodging Trust from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 28th. Janney Montgomery Scott upgraded shares of Chesapeake Lodging Trust from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $25.00 to $32.00 in a research note on Wednesday, September 27th. Finally, KeyCorp reiterated a “hold” rating on shares of Chesapeake Lodging Trust in a research note on Sunday, September 24th. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $26.50.

Chesapeake Lodging Trust (NYSE CHSP) traded down 0.07% during trading on Friday, hitting $27.82. 372,941 shares of the stock traded hands. Chesapeake Lodging Trust has a 52-week low of $20.81 and a 52-week high of $28.77. The company has a market cap of $1.64 billion, a P/E ratio of 28.45 and a beta of 1.11. The firm has a 50-day moving average price of $27.04 and a 200 day moving average price of $25.11.

Chesapeake Lodging Trust (NYSE:CHSP) last issued its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.02. Chesapeake Lodging Trust had a net margin of 13.33% and a return on equity of 6.56%. The firm had revenue of $162.50 million for the quarter, compared to analysts’ expectations of $161.41 million. During the same quarter in the prior year, the business earned $0.75 EPS. The business’s quarterly revenue was down 4.1% on a year-over-year basis. On average, equities analysts expect that Chesapeake Lodging Trust will post $0.82 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 5.75%. The ex-dividend date of this dividend was Thursday, September 28th. Chesapeake Lodging Trust’s dividend payout ratio (DPR) is presently 164.95%.

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Chesapeake Lodging Trust Company Profile

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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