What Will Happen to Chesapeake Lodging Trust (CHSP) Next? The Stock Just Reaches 52-Week High

May 25, 2018 - By Nellie Frank

Investors sentiment decreased to 1.14 in Q4 2017. Its down 0.02, from 1.16 in 2017Q3. It fall, as 21 investors sold Chesapeake Lodging Trust shares while 53 reduced holdings. 36 funds opened positions while 48 raised stakes. 56.19 million shares or 4.83% less from 59.05 million shares in 2017Q3 were reported.
Ny State Teachers Retirement has 124,383 shares for 0.01% of their portfolio. Rhumbline Advisers reported 151,513 shares or 0.01% of all its holdings. Moreover, Shell Asset Mgmt has 0.02% invested in Chesapeake Lodging Trust (NYSE:CHSP). Qs Ltd Company holds 0% or 1,900 shares. Guggenheim Capital Ltd Llc holds 0% of its portfolio in Chesapeake Lodging Trust (NYSE:CHSP) for 43,793 shares. Northern Tru owns 2.44 million shares or 0.02% of their US portfolio. Quantbot Technology Limited Partnership accumulated 2,192 shares. Glenmede Na holds 0% or 1,423 shares. Global X Lc reported 70,761 shares. Swiss Bancorp holds 0% in Chesapeake Lodging Trust (NYSE:CHSP) or 102,400 shares. Ubs Asset Management Americas invested in 142,809 shares. Principal Financial Inc holds 0.01% of its portfolio in Chesapeake Lodging Trust (NYSE:CHSP) for 460,585 shares. Jane Street Grp Limited Liability Corp stated it has 0% of its portfolio in Chesapeake Lodging Trust (NYSE:CHSP). State Common Retirement Fund has 110,125 shares. Vanguard owns 9.85M shares.

Since May 2, 2018, it had 0 insider purchases, and 4 insider sales for $6.97 million activity. Wootten Graham J. also sold $1.53 million worth of Chesapeake Lodging Trust (NYSE:CHSP) shares. Adams D. Rick also sold $2.25 million worth of Chesapeake Lodging Trust (NYSE:CHSP) on Wednesday, May 2. FRANCIS JAMES L had sold 100,000 shares worth $3.04M.

The stock of Chesapeake Lodging Trust (NYSE:CHSP) hit a new 52-week high and has $33.21 target or 6.00 % above today’s $31.33 share price. The 5 months bullish chart indicates low risk for the $1.86B company. The 1-year high was reported on May, 25 by Barchart.com. If the $33.21 price target is reached, the company will be worth $111.84M 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.

The stock decreased 0.48% or $0.15 during the last trading session, reaching $31.33. About 54,441 shares traded. Chesapeake Lodging Trust (NYSE:CHSP) has risen 14.89% since May 25, 2017 and is uptrending. It has outperformed by 3.34% the S&P500.

Analysts await Chesapeake Lodging Trust (NYSE:CHSP) to report earnings on August, 1. They expect $0.72 EPS, up 10.77 % or $0.07 from last year’s $0.65 per share. CHSP’s profit will be $42.84M for 10.88 P/E if the $0.72 EPS becomes a reality. After $0.43 actual EPS reported by Chesapeake Lodging Trust for the previous quarter, Wall Street now forecasts 67.44 % EPS growth.

Chesapeake Lodging Trust (NYSE:CHSP) Ratings Coverage

Among 3 analysts covering Chesapeake Lodging (NYSE:CHSP), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. Chesapeake Lodging had 5 analyst reports since December 1, 2017 according to SRatingsIntel. The firm earned “Hold” rating on Thursday, February 15 by SunTrust. Robert W. Baird maintained the stock with “Buy” rating in Friday, December 1 report. The firm earned “Hold” rating on Monday, May 14 by Robert W. Baird. The rating was maintained by Robert W. Baird with “Buy” on Friday, February 16. The rating was maintained by Deutsche Bank on Friday, February 9 with “Hold”.

Another recent and important Chesapeake Lodging Trust (NYSE:CHSP) news was published by Globenewswire.com which published an article titled: “Report: Developing Opportunities within US Ecology, Universal Health Realty Income Trust, Accelerate Diagnostics …” on May 04, 2018.

Chesapeake Lodging Trust is an equity real estate investment trust. The company has market cap of $1.86 billion. The firm invests in the real estate markets of the United States. It has a 28.23 P/E ratio. It primarily invests in upper-upscale hotels in major business and convention markets and, on a selective basis, premium select-service hotels in urban settings or unique locations.

Chesapeake Lodging Trust (NYSE:CHSP) Institutional Positions Chart

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