Chesapeake Lodging Trust (CHSP) Getting Somewhat Favorable News Coverage, Study Finds

News headlines about Chesapeake Lodging Trust (NYSE:CHSP) have been trending somewhat positive recently, AlphaOne reports. The research group, a subsidiary of Accern, scores the sentiment of media coverage by monitoring more than twenty million blog and news sources. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Chesapeake Lodging Trust earned a media sentiment score of 0.12 on AlphaOne’s scale. AlphaOne also assigned media coverage about the real estate investment trust an impact score of 60 out of 100, meaning that recent media coverage is somewhat likely to have an effect on the stock’s share price in the next several days.

Here are some of the news headlines that may have impacted AlphaOne’s rankings:

CHSP has been the subject of several research reports. Zacks Investment Research raised shares of Chesapeake Lodging Trust from a “sell” rating to a “hold” rating in a research note on Thursday, April 27th. Janney Montgomery Scott reissued a “neutral” rating and set a $24.00 price objective on shares of Chesapeake Lodging Trust in a research note on Thursday, February 23rd.

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Shares of Chesapeake Lodging Trust (NYSE:CHSP) traded up 0.48% during mid-day trading on Friday, hitting $23.13. 121,111 shares of the stock traded hands. The stock has a 50-day moving average of $23.66 and a 200-day moving average of $24.33. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 21.26 and a beta of 1.04. Chesapeake Lodging Trust has a 52 week low of $20.81 and a 52 week high of $27.08.

Chesapeake Lodging Trust (NYSE:CHSP) last released its quarterly earnings data on Tuesday, April 25th. The real estate investment trust reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.05. The firm had revenue of $134.90 million for the quarter, compared to analyst estimates of $132.06 million. Chesapeake Lodging Trust had a net margin of 12.77% and a return on equity of 6.60%. The company’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.44 EPS. Analysts anticipate that Chesapeake Lodging Trust will post $0.79 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Friday, June 30th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $1.60 annualized dividend and a yield of 6.95%. Chesapeake Lodging Trust’s dividend payout ratio is presently 135.59%.

In other news, Director Thomas D. Eckert sold 16,000 shares of the stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $24.36, for a total transaction of $389,760.00. Following the transaction, the director now owns 34,178 shares in the company, valued at approximately $832,576.08. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.20% of the stock is currently owned by corporate insiders.

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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.

5 Day Chart for NYSE:CHSP

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