The stock of Chesapeake Lodging Trust (NYSE:CHSP) hit a new 52-week low and has $20.56 target or 6.00% below today’s $21.87 share price. The 7 months bearish chart indicates high risk for the $1.31 billion company. The 1-year low was reported on Nov, 1 by Barchart.com. If the $20.56 price target is reached, the company will be worth $78.60M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. Chesapeake Lodging Trust (NYSE:CHSP) has declined 17.98% since March 30, 2016 and is downtrending. It has underperformed by 21.00% the S&P500.
Analysts await Chesapeake Lodging Trust (NYSE:CHSP) to report earnings on November, 7. They expect $0.75 earnings per share, up 2.74% or $0.02 from last year’s $0.73 per share. CHSP’s profit will be $44.92M for 7.29 P/E if the $0.75 EPS becomes a reality. After $0.75 actual earnings per share reported by Chesapeake Lodging Trust for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
Chesapeake Lodging Trust (NYSE:CHSP) Ratings Coverage
Out of 4 analysts covering Chesapeake Lodging Trust (NYSE:CHSP), 1 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 25% are positive. Chesapeake Lodging Trust has been the topic of 13 analyst reports since July 31, 2015 according to StockzIntelligence Inc. As per Tuesday, January 19, the company rating was downgraded by Ladenburg Thalmann. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, July 31 report. RBC Capital Markets maintained the stock with “Outperform” rating in Monday, January 4 report. The rating was downgraded by KeyBanc Capital Markets to “” on Monday, October 5. Janney Capital initiated the shares of CHSP in a report on Wednesday, March 23 with “Neutral” rating. RBC Capital Markets maintained Chesapeake Lodging Trust (NYSE:CHSP) rating on Tuesday, November 3. RBC Capital Markets has “Outperform” rating and $32 price target. Deutsche Bank maintained Chesapeake Lodging Trust (NYSE:CHSP) rating on Tuesday, November 3. Deutsche Bank has “Hold” rating and $29 price target.
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 turned negative, 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.
Tiaa Cref Management Ltd Com holds 0.01% of its portfolio in Chesapeake Lodging Trust (NYSE:CHSP) for 290,256 shares. Blackrock Investment Management Ltd Com has invested 0.01% of its portfolio in Chesapeake Lodging Trust (NYSE:CHSP). Dean has 1.38% invested in the company for 43,265 shares. Macquarie Grp Ltd, a Australia-based fund reported 20,100 shares. Mutual Of America Capital Management Ltd Com holds 178,270 shares or 0.09% of its portfolio. Qs Invsts Ltd Liability Corporation, a New York-based fund reported 12 shares. Lazard Asset Mngmt Limited Liability Corporation has 56,540 shares for 0% of their US portfolio. Prudential Incorporated, a New Jersey-based fund reported 2.34M shares. Nationwide Fund Advsrs last reported 0.01% of its portfolio in the stock. New York State Common Retirement Fund holds 0% of its portfolio in Chesapeake Lodging Trust (NYSE:CHSP) for 60,000 shares. Advantus Cap Mgmt, a Minnesota-based fund reported 79,291 shares. Virginia Retirement Sys Et Al accumulated 106,300 shares or 0.04% of the stock. Bank & Trust Of America Corp De has invested 0% of its portfolio in Chesapeake Lodging Trust (NYSE:CHSP). Hillsdale Invest Mngmt holds 0.03% or 5,000 shares in its portfolio. Proshare Advsr Limited Liability Company holds 0% or 8,618 shares in its portfolio.
Insider Transactions: Since August 10, 2016, the stock had 0 insider purchases, and 1 sale for $532,109 net activity. Another trade for 21,000 shares valued at $532,109 was made by ECKERT THOMAS D on Wednesday, August 10.
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 Zacks.com with their article: “Chesapeake Lodging Trust (CHSP): Moving Average Crossover Alert” 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: Businesswire.com and their article: “Chesapeake Lodging Trust Completes $150.0 Million Mortgage Financing on Hyatt …” published on June 23, 2016 as well as Nasdaq.com‘s news article titled: “Chesapeake Lodging Trust (CHSP) Ex-Dividend Date Scheduled for September 28, 2016” with publication date: September 27, 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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