Chesapeake Lodging Trust Hits New 52-Week High at $24.45 (CHSP)
Shares of Chesapeake Lodging Trust (NASDAQ:CHSP) hit a new 52-week high during trading hours on Wednesday, AnalystRatingsNetwork.com reports. The company traded as high as $24.45 and last traded at $24.33, with a volume of 120,063 shares trading hands. The stock had previously closed at $23.77.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Chesapeake Lodging Trust (NASDAQ:CHSP) from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, August 12th. They now have a $25.70 price target on the stock.
Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Chesapeake Lodging Trust presently has an average rating of “Buy” and a consensus target price of $25.21.
Chesapeake Lodging Trust has a 1-year low of $17.51 and a 1-year high of $24.13. The stock’s 50-day moving average is $22.7 and its 200-day moving average is $22.67. The company has a market cap of $1.160 billion and a P/E ratio of 40.91.
Chesapeake Lodging Trust (NASDAQ:CHSP) last announced its earnings results on Monday, August 5th. The company reported $0.56 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.32 by $0.24. The company had revenue of $115.60 million for the quarter, compared to the consensus estimate of $111.47 million. Analysts expect that Chesapeake Lodging Trust will post $0.77 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date of this dividend is Thursday, September 26th. This is a boost from Chesapeake Lodging Trust’s previous quarterly dividend of $0.24.
Chesapeake Lodging Trust (NASDAQ:CHSP) is a self-advised real estate investment trust (REIT).
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