What’s Propelling Chesapeake Lodging Trust (CHSP) to Decline So Much?

February 12, 2018 - By reb123z

Investors sentiment decreased to 1.16 in Q3 2017. Its down 0.29, from 1.45 in 2017Q2. It dived, as 11 investors sold Chesapeake Lodging Trust shares while 52 reduced holdings. 25 funds opened positions while 48 raised stakes. 59.05 million shares or 1.14% more from 58.38 million shares in 2017Q2 were reported.
70,770 were accumulated by Barnett & Incorporated. Legal And General Plc reported 693,918 shares. Ajo L P has invested 0.05% in Chesapeake Lodging Trust (NYSE:CHSP). Asset One Com Ltd invested in 0.01% or 145,512 shares. Parametric Assocs Limited Com holds 0.01% of its portfolio in Chesapeake Lodging Trust (NYSE:CHSP) for 275,690 shares. Louisiana State Employees Retirement Sys accumulated 24,400 shares. Great West Life Assurance Can owns 0.01% invested in Chesapeake Lodging Trust (NYSE:CHSP) for 112,077 shares. Us Bankshares De stated it has 12,647 shares. Mason Street Advisors Ltd Company holds 15,220 shares. Retail Bank Of America De stated it has 84,313 shares. Piedmont Invest Advisors Limited Liability stated it has 0.01% of its portfolio in Chesapeake Lodging Trust (NYSE:CHSP). State Street owns 2.40M shares. 5,800 were accumulated by Daiwa Secs Grp. Moreover, Macquarie Ltd has 0% invested in Chesapeake Lodging Trust (NYSE:CHSP). Cubic Asset Mgmt Ltd Llc owns 83,515 shares.

The stock of Chesapeake Lodging Trust (NYSE:CHSP) is a huge mover today! The stock decreased 0.71% or $0.19 during the last trading session, reaching $26.49. About 293,831 shares traded. Chesapeake Lodging Trust (NYSE:CHSP) has risen 2.62% since February 12, 2017 and is uptrending. It has underperformed by 14.08% the S&P500.
The move comes after 6 months negative chart setup for the $1.56B company. It was reported on Feb, 12 by Barchart.com. We have $24.64 PT which if reached, will make NYSE:CHSP worth $109.48 million less.

Analysts await Chesapeake Lodging Trust (NYSE:CHSP) to report earnings on February, 28. They expect $0.50 earnings per share, up 4.17 % or $0.02 from last year’s $0.48 per share. CHSP’s profit will be $29.52M for 13.25 P/E if the $0.50 EPS becomes a reality. After $0.64 actual earnings per share reported by Chesapeake Lodging Trust for the previous quarter, Wall Street now forecasts -21.88 % negative EPS growth.

Chesapeake Lodging Trust (NYSE:CHSP) Ratings Coverage

Among 9 analysts covering Chesapeake Lodging Trust (NYSE:CHSP), 2 have Buy rating, 3 Sell and 4 Hold. Therefore 22% are positive. Chesapeake Lodging Trust had 30 analyst reports since July 31, 2015 according to SRatingsIntel. KeyBanc Capital Markets maintained Chesapeake Lodging Trust (NYSE:CHSP) on Friday, September 22 with “Hold” rating. Janney Capital initiated Chesapeake Lodging Trust (NYSE:CHSP) rating on Wednesday, March 23. Janney Capital has “Neutral” rating and $26 target. The rating was upgraded by Janney Capital on Wednesday, September 27 to “Buy”. The stock of Chesapeake Lodging Trust (NYSE:CHSP) earned “Buy” rating by Robert W. Baird on Friday, December 1. As per Monday, October 5, the company rating was downgraded by KeyBanc Capital Markets. The stock of Chesapeake Lodging Trust (NYSE:CHSP) has “Buy” rating given on Friday, September 29 by Robert W. Baird. RBC Capital Markets maintained it with “Outperform” rating and $36 target in Friday, July 31 report. SunTrust maintained Chesapeake Lodging Trust (NYSE:CHSP) rating on Tuesday, October 17. SunTrust has “Hold” rating and $23.0 target. The stock of Chesapeake Lodging Trust (NYSE:CHSP) has “Hold” rating given on Friday, November 3 by RBC Capital Markets. The rating was maintained by KeyBanc Capital Markets with “Hold” on Monday, October 23.

More notable recent Chesapeake Lodging Trust (NYSE:CHSP) news were published by: Businesswire.com which released: “Chesapeake Lodging Trust Announces Redemption of 7.75% Series A Cumulative …” on May 22, 2017, also Businesswire.com with their article: “Chesapeake Lodging Trust Announces Rebranding of Denver City Center” published on September 14, 2017, Businesswire.com published: “Chesapeake Lodging Trust to Release Earnings for Quarter Ended December 31, 2017” on January 17, 2018. More interesting news about Chesapeake Lodging Trust (NYSE:CHSP) were released by: Businesswire.com and their article: “Chesapeake Lodging Trust Announces Agreement to Sell The Hotel Minneapolis …” published on November 02, 2017 as well as Businesswire.com‘s news article titled: “CORRECTING and REPLACING Chesapeake Lodging Trust Announces 2017 Dividend …” with publication date: January 29, 2018.

Chesapeake Lodging Trust is an equity real estate investment trust. The company has market cap of $1.56 billion. The firm invests in the real estate markets of the United States. It has a 32.74 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.

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