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.
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.
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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