Chesapeake Lodging (CHSP) Reaches New 52-Week High and Low at $29.43

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

A number of analysts have recently weighed in on CHSP shares. Janney Montgomery Scott reduced their price target on shares of Chesapeake Lodging from $32.00 to $26.32 and set a “fair value” rating for the company in a research note on Friday, February 16th. Deutsche Bank upped their price target on shares of Chesapeake Lodging from $23.00 to $26.00 and gave the stock a “hold” rating in a research note on Friday, February 9th. Robert W. Baird reaffirmed a “buy” rating and issued a $29.00 price target on shares of Chesapeake Lodging in a research note on Friday, February 16th. Finally, Zacks Investment Research raised shares of Chesapeake Lodging from a “sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $26.72.

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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 firm has a market capitalization of $1,739.56, a P/E ratio of 13.49, a P/E/G ratio of 2.41 and a beta of 0.97.

Chesapeake Lodging (NYSE:CHSP) last released its earnings results on Thursday, February 15th. The real estate investment trust reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.02). Chesapeake Lodging had a return on equity of 6.67% and a net margin of 12.34%. The business had revenue of $142.70 million during the quarter, compared to the consensus estimate of $143.85 million. During the same quarter in the previous year, the firm earned $0.48 earnings per share. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. sell-side analysts expect that Chesapeake Lodging will post 2.39 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 13th. Investors of record on Thursday, March 29th were issued a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, March 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.45%. Chesapeake Lodging’s payout ratio is currently 73.73%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CHSP. Elkfork Partners LLC bought a new stake in shares of Chesapeake Lodging in the 4th quarter worth approximately $191,000. Acadian Asset Management LLC bought a new stake in shares of Chesapeake Lodging in the 4th quarter worth approximately $200,000. Xact Kapitalforvaltning AB bought a new stake in shares of Chesapeake Lodging in the 4th quarter worth approximately $224,000. Old Mutual Global Investors UK Ltd. bought a new stake in shares of Chesapeake Lodging in the 4th quarter worth approximately $225,000. Finally, BlueCrest Capital Management Ltd acquired a new stake in shares of Chesapeake Lodging during the fourth quarter valued at approximately $345,000. Institutional investors and hedge funds own 95.90% of the company’s stock.

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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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