The stock of Chesapeake Lodging Trust (NYSE:CHSP) is a huge mover today! The stock decreased 3.46% or $0.82 during the last trading session, hitting $22.88. About 432,975 shares traded hands or 17.83% up from the average. Chesapeake Lodging Trust (NYSE:CHSP) has declined 8.39% since April 13, 2016 and is downtrending. It has underperformed by 12.32% the S&P500.
The move comes after 6 months negative chart setup for the $1.43B company. It was reported on Nov, 15 by Barchart.com. We have $21.74 PT which if reached, will make NYSE:CHSP worth $71.50 million less.
Chesapeake Lodging Trust (NYSE:CHSP) Ratings Coverage
Out of 5 analysts covering Chesapeake Lodging Trust (NYSE:CHSP), 1 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 20% are positive. Chesapeake Lodging Trust has been the topic of 14 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained the stock with “Hold” rating in Wednesday, November 2 report. The firm earned “Neutral” rating on Wednesday, March 23 by Janney Capital. Deutsche Bank maintained the shares of CHSP in a report on Tuesday, November 3 with “Hold” rating. The firm has “Outperform” rating by RBC Capital Markets given on Monday, January 4. KeyBanc Capital Markets downgraded the shares of CHSP in a report on Monday, October 5 to “” rating. The company was maintained on Tuesday, November 3 by RBC Capital Markets. The firm earned “Outperform” rating on Friday, July 31 by RBC Capital Markets. The firm earned “Sell” rating on Tuesday, January 19 by Ladenburg Thalmann.
According to Zacks Investment Research, “Chesapeake Lodging Trust is a real estate investment trust. It is a self-advised hotel investment company focused on investments in upper upscale hotels in business, airport, convention markets, and select-service hotels in urban settings or locations in the United States.”
Insitutional Activity: The institutional sentiment decreased to 1.38 in Q2 2016. Its down 0.09, from 1.47 in 2016Q1. The ratio dived, as 20 funds sold all Chesapeake Lodging Trust shares owned while 43 reduced positions. 16 funds bought stakes while 71 increased positions. They now own 55.82 million shares or 4.64% less from 58.53 million shares in 2016Q1.
Comerica Retail Bank holds 0.02% or 84,678 shares in its portfolio. Nomura Asset Management Ltd last reported 0.02% of its portfolio in the stock. Moreover, Adelante Mgmt Lc has 1.92% invested in Chesapeake Lodging Trust (NYSE:CHSP) for 1.80 million shares. Tiaa Cref Invest Ltd Liability Company holds 0.01% of its portfolio in Chesapeake Lodging Trust (NYSE:CHSP) for 290,256 shares. The Pennsylvania-based Pnc Fincl Svcs Gru Inc has invested 0% in Chesapeake Lodging Trust (NYSE:CHSP). Ls Invest Advisors Ltd Co holds 0% of its portfolio in Chesapeake Lodging Trust (NYSE:CHSP) for 2,130 shares. Credit Suisse Ag holds 0% or 172,231 shares in its portfolio. Louisiana State Employees Retirement has 26,600 shares for 0.03% of their US portfolio. Citigroup reported 34,668 shares or 0% of all its holdings. Manufacturers Life Insurance Com The has 40,598 shares for 0% of their US portfolio. State Board Of Administration Of Florida Retirement Sys holds 52,805 shares or 0% of its portfolio. Los Angeles Capital Mgmt And Equity Research Inc owns 15,835 shares or 0% of their US portfolio. Finemark Retail Bank And Trust accumulated 0.03% or 9,600 shares. Kennedy Capital Mgmt holds 0.19% of its portfolio in Chesapeake Lodging Trust (NYSE:CHSP) for 396,370 shares. Kemper Corp Master Retirement Trust owns 7,950 shares or 0.12% of their US portfolio.
Insider Transactions: Since August 10, 2016, the stock had 1 buy, and 1 insider sale for $500,609 net activity. The insider Wootten Graham J. bought 1,500 shares worth $31,500. Another trade for 21,000 shares valued at $532,109 was sold by ECKERT THOMAS D.
More notable recent Chesapeake Lodging Trust (NYSE:CHSP) news were published by: Wsj.com which released: “Chesapeake Lodging Trust Exploring a Sale” on January 28, 2016, also Businesswire.com with their article: “Chesapeake Lodging Trust Reports Third Quarter Results” published on November 01, 2016, Nasdaq.com published: “Chesapeake Lodging Trust Enters Oversold Territory” on September 20, 2016. More interesting news about Chesapeake Lodging Trust (NYSE:CHSP) were released by: Equitiesfocus.com and their article: “Chesapeake Lodging Trust (NYSE:CHSP) 50-day Moving Average At $22.54” published on November 15, 2016 as well as Seekingalpha.com‘s news article titled: “Chesapeake Lodging Trust’s (CHSP) CEO James Francis on Q3 2016 Results …” with publication date: November 02, 2016.
CHSP Company Profile
Chesapeake Lodging Trust (the Trust), incorporated on June 12, 2009, is a self-advised real estate investment trust (REIT). The Trust is focused on investments primarily in upper-upscale hotels in business and convention markets and on service hotels in urban settings or locations in the United States. The Trust owns over 20 hotels with over 6,700 rooms in approximately nine states and the District of Columbia. The Trust’s hotel portfolio includes Le Meridien San Francisco, Hyatt Regency Boston, Hilton Checkers Los Angeles, Hotel Indigo San Diego Gaslamp Quarter, Hyatt Santa Barbara, JW Marriott San Francisco Union Square, W New Orleans-French Quarter and Denver Marriott City Center, among others. The Trust’s hotels are located in Los Angeles, San Francisco, Washington, New York, Denver, Newton and Boston, among others.
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