Chesapeake Lodging Trust (CHSP)’s Stock Is Buy After Making 52-Week High

October 12, 2017 - By Ellis Scott

Investors sentiment increased to 1.45 in 2017 Q2. Its up 0.39, from 1.06 in 2017Q1. It is positive, as 17 investors sold Chesapeake Lodging Trust shares while 39 reduced holdings. 24 funds opened positions while 57 raised stakes. 58.38 million shares or 2.76% more from 56.81 million shares in 2017Q1 were reported.
Geode Mgmt Ltd Com holds 0.01% of its portfolio in Chesapeake Lodging Trust (NYSE:CHSP) for 664,907 shares. Natl Bank Of Montreal Can holds 0% of its portfolio in Chesapeake Lodging Trust (NYSE:CHSP) for 109,595 shares. Strs Ohio holds 0.01% or 93,331 shares in its portfolio. Riverhead Cap Mngmt Ltd reported 3,782 shares. Axa has invested 0.02% in Chesapeake Lodging Trust (NYSE:CHSP). Nationwide Fund has invested 0.01% in Chesapeake Lodging Trust (NYSE:CHSP). Great West Life Assurance Company Can invested 0.01% in Chesapeake Lodging Trust (NYSE:CHSP). New York-based Spirit Of America Mngmt New York has invested 0.14% in Chesapeake Lodging Trust (NYSE:CHSP). Systematic Finance Management L P invested in 65,060 shares or 0.03% of the stock. Principal Financial Group has invested 0.01% in Chesapeake Lodging Trust (NYSE:CHSP). Vanguard Group accumulated 9.60M shares. Glenmede Co Na has invested 0% of its portfolio in Chesapeake Lodging Trust (NYSE:CHSP). Cubic Asset Mngmt Limited owns 78,590 shares. Los Angeles Mngmt And Equity Research Inc holds 62,806 shares. The New York-based Tiaa Cref Invest Mngmt has invested 0% in Chesapeake Lodging Trust (NYSE:CHSP).

The stock of Chesapeake Lodging Trust (NYSE:CHSP) hit a new 52-week high and has $30.93 target or 9.00 % above today’s $28.38 share price. The 5 months bullish chart indicates low risk for the $1.71 billion company. The 1-year high was reported on Oct, 12 by Barchart.com. If the $30.93 price target is reached, the company will be worth $153.90M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 119,346 shares traded. Chesapeake Lodging Trust (NYSE:CHSP) has risen 2.62% since October 12, 2016 and is uptrending. It has underperformed by 14.08% the S&P500.

Wall Street await Chesapeake Lodging Trust (NYSE:CHSP) to release earnings on November, 7. Analysts forecast earnings per share of $0.65, down exactly $0.06 or 8.45 % from 2014’s $0.71 EPS. The expected CHSP’s profit could reach $39.16M giving the stock 10.92 P/E in the case that $0.65 earnings per share is reported. After posting $0.65 EPS for the previous quarter, Chesapeake Lodging Trust’s analysts now forecast 0.00 % EPS growth.

Chesapeake Lodging Trust (NYSE:CHSP) Ratings Coverage

Among 7 analysts covering Chesapeake Lodging Trust (NYSE:CHSP), 2 have Buy rating, 1 Sell and 4 Hold. Therefore 29% are positive. Chesapeake Lodging Trust had 21 analyst reports since July 31, 2015 according to SRatingsIntel. The company was upgraded on Wednesday, September 27 by Janney Capital. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, July 31. RBC Capital Markets maintained Chesapeake Lodging Trust (NYSE:CHSP) on Monday, January 4 with “Outperform” rating. The stock of Chesapeake Lodging Trust (NYSE:CHSP) has “Sell” rating given on Tuesday, January 19 by Ladenburg Thalmann. The rating was maintained by RBC Capital Markets with “Hold” on Friday, June 23. The stock has “Hold” rating by KeyBanc Capital Markets on Friday, September 22. The stock of Chesapeake Lodging Trust (NYSE:CHSP) has “Neutral” rating given on Wednesday, March 23 by Janney Capital. Deutsche Bank maintained the stock with “Hold” rating in Wednesday, November 2 report. The stock has “” rating by KeyBanc Capital Markets on Monday, October 5. The rating was maintained by Robert W. Baird with “Buy” on Friday, September 29.

More notable recent Chesapeake Lodging Trust (NYSE:CHSP) news were published by: Businesswire.com which released: “Chesapeake Lodging Trust Announces Reopening of the Royal Palm South Beach Miami” on September 13, 2017, also Seekingalpha.com with their article: “Chesapeake Lodging Trust’s (CHSP) CEO Jim Francis on Q2 2017 Results …” published on August 02, 2017, Nasdaq.com published: “Chesapeake Lodging Trust (CHSP) Passes Through 6% Yield Mark” on October 03, 2017. More interesting news about Chesapeake Lodging Trust (NYSE:CHSP) were released by: Nasdaq.com and their article: “Chesapeake Lodging Trust (CHSP) Ex-Dividend Date Scheduled for September 28, 2017” published on September 27, 2017 as well as Wsj.com‘s news article titled: “Chesapeake Lodging Trust Exploring a Sale” with publication date: January 28, 2016.

Chesapeake Lodging Trust is a real estate investment trust. The company has market cap of $1.71 billion. The Firm 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. It has a 29.06 P/E ratio. The Firm operates through the hotel ownership segment.

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