Chesapeake Lodging Trust Hits New 52-Week High at $29.12 (CHSP)
Chesapeake Lodging Trust (NASDAQ:CHSP)’s share price reached a new 52-week high during trading on Monday , Analyst RN reports. The stock traded as high as $29.12 and last traded at $29.03, with a volume of 123,532 shares changing hands. The stock had previously closed at $28.57.
Several analysts have recently commented on the stock. Analysts at FBR Capital Markets reiterated an “outperform” rating on shares of Chesapeake Lodging Trust in a research note on Thursday, May 1st. They now have a $30.00 price target on the stock. Separately, analysts at SunTrust downgraded shares of Chesapeake Lodging Trust from a “buy” rating to a “neutral” rating in a research note on Friday, February 21st. Finally, analysts at RBC Capital raised their price target on shares of Chesapeake Lodging Trust from $26.00 to $28.00 in a research note on Friday, February 21st. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Chesapeake Lodging Trust presently has an average rating of “Buy” and a consensus price target of $27.90.
The stock’s 50-day moving average is $26.4 and its 200-day moving average is $25.12. The company has a market cap of $1.431 billion and a price-to-earnings ratio of 34.63.
Chesapeake Lodging Trust (NASDAQ:CHSP) last announced its earnings results on Wednesday, April 30th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.03. The company had revenue of $94.80 million for the quarter, compared to the consensus estimate of $92.98 million. During the same quarter in the previous year, the company posted ($0.11) earnings per share. On average, analysts predict that Chesapeake Lodging Trust will post $0.91 earnings per share for the current fiscal year.
Chesapeake Lodging Trust (NASDAQ:CHSP) is a self-advised real estate investment trust (REIT).
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