News coverage about Chesapeake Lodging (NYSE:CHSP) has been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Chesapeake Lodging earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned headlines about the real estate investment trust an impact score of 46.401174717738 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
Shares of NYSE CHSP opened at $29.60 on Thursday. The firm has a market cap of $1,773.38, a price-to-earnings ratio of 13.64, a P/E/G ratio of 2.46 and a beta of 0.98. Chesapeake Lodging has a 52-week low of $22.55 and a 52-week high of $29.98. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.45 and a quick ratio of 1.45.
Chesapeake Lodging (NYSE:CHSP) last issued its quarterly earnings data on Thursday, February 15th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.02). The company had revenue of $142.70 million for the quarter, compared to the consensus estimate of $143.85 million. Chesapeake Lodging had a net margin of 12.34% and a return on equity of 6.67%. The firm’s revenue was down 1.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.48 earnings per share. sell-side analysts predict that Chesapeake Lodging will post 2.39 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 13th. Shareholders of record on Thursday, March 29th were issued a dividend of $0.40 per share. The ex-dividend date was Wednesday, March 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.41%. Chesapeake Lodging’s payout ratio is presently 73.73%.
A number of equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Chesapeake Lodging from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research note on Wednesday. Janney Montgomery Scott decreased their price target on shares of Chesapeake Lodging from $32.00 to $26.32 and set a “fair value” rating on the stock in a research note on Friday, February 16th. Robert W. Baird reissued a “buy” rating and set a $29.00 price objective on shares of Chesapeake Lodging in a report on Friday, February 16th. Finally, Deutsche Bank lifted their price objective on Chesapeake Lodging from $23.00 to $26.00 and gave the company a “hold” rating in a report on Friday, February 9th. One analyst has rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $27.05.
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About Chesapeake Lodging
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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