Chesapeake Lodging Trust Hits New 52-Week High at $25.99 (CHSP)
Shares of Chesapeake Lodging Trust (NASDAQ:CHSP) hit a new 52-week high on Tuesday, Stock Ratings News reports. The company traded as high as $25.99 and last traded at $24.91, with a volume of 792,682 shares trading hands. The stock had previously closed at $25.43.
CHSP has been the subject of a number of recent research reports. Analysts at RBC Capital raised their price target on shares of Chesapeake Lodging Trust from $25.00 to $26.00 in a research note to investors on Thursday, November 7th. They now have an “outperform” rating on the stock. Analysts at Citigroup Inc. upgraded shares of Chesapeake Lodging Trust from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $25.34.
Chesapeake Lodging Trust has a 52 week low of $19.85 and a 52 week high of $25.99. The stock’s 50-day moving average is $24.65 and its 200-day moving average is $23.63. The company has a market cap of $1.196 billion and a P/E ratio of 33.95.
Chesapeake Lodging Trust (NASDAQ:CHSP) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.61 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.35 by $0.26. The company had revenue of $122.40 million for the quarter, compared to the consensus estimate of $125.16 million. Analysts expect that Chesapeake Lodging Trust will post $0.73 EPS for the current fiscal year.
Chesapeake Lodging Trust (NASDAQ:CHSP) is a self-advised real estate investment trust (REIT).
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