Chesapeake Lodging (CHSP) Sets New 1-Year High and Low at $29.43

Shares of Chesapeake Lodging (NYSE:CHSP) reached a new 52-week high and low on Tuesday . The stock traded as low as $29.43 and last traded at $29.33, with a volume of 121753 shares. The stock had previously closed at $29.12.

Several analysts have recently weighed in on CHSP shares. Robert W. Baird reaffirmed a “buy” rating and set a $29.00 price objective on shares of Chesapeake Lodging in a report on Friday, February 16th. Zacks Investment Research raised shares of Chesapeake Lodging from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a report on Wednesday. Janney Montgomery Scott dropped their price objective on shares of Chesapeake Lodging from $32.00 to $26.32 and set a “fair value” rating for the company in a report on Friday, February 16th. Finally, Deutsche Bank raised their price objective on shares of Chesapeake Lodging from $23.00 to $26.00 and gave the stock a “hold” rating in a report on Friday, February 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $27.05.

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The firm has a market capitalization of $1,773.38, a price-to-earnings ratio of 13.47, a P/E/G ratio of 2.46 and a beta of 0.98. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.79.



Chesapeake Lodging (NYSE:CHSP) last posted its quarterly earnings data on Thursday, February 15th. The real estate investment trust reported $0.48 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.02). The firm had revenue of $142.70 million for the quarter, compared to analyst estimates of $143.85 million. Chesapeake Lodging had a return on equity of 6.67% and a net margin of 12.34%. The business’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.48 EPS. equities research analysts predict that Chesapeake Lodging will post 2.39 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, April 13th. Investors of record on Thursday, March 29th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.41%. The ex-dividend date of this dividend was Wednesday, March 28th. Chesapeake Lodging’s dividend payout ratio is currently 73.73%.

Several institutional investors have recently modified their holdings of CHSP. Elkfork Partners LLC acquired a new stake in shares of Chesapeake Lodging in the fourth quarter valued at approximately $191,000. Acadian Asset Management LLC acquired a new stake in shares of Chesapeake Lodging in the fourth quarter valued at approximately $200,000. Xact Kapitalforvaltning AB acquired a new stake in shares of Chesapeake Lodging in the fourth quarter valued at approximately $224,000. Old Mutual Global Investors UK Ltd. acquired a new stake in shares of Chesapeake Lodging in the fourth quarter valued at approximately $225,000. Finally, BlueCrest Capital Management Ltd acquired a new stake in shares of Chesapeake Lodging in the fourth quarter valued at approximately $345,000. 95.90% of the stock is owned by institutional investors and hedge funds.

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Chesapeake Lodging Company Profile

Chesapeake Lodging Trust is a self-advised lodging real estate investment trust (REIT) focused on investments primarily in upper-upscale hotels in major business and convention markets and, on a selective basis, premium select-service hotels in urban settings or unique locations in the United States.

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