Chesapeake Lodging Trust (NYSE:CHSP): The stock price is expected to reach $ 24.57 in the short term. The number of analysts agreeing with this consensus is 7. The higher estimate for the short term price target is at $29 while the lower estimate is at $14. The standard deviation of the price stands at $5.16.
Many analysts have stated their opinion on the company shares. Janney Capital initiates coverage on Chesapeake Lodging Trust (NYSE:CHSP). The current rating of the shares is Neutral, according to the research report released by the firm. The brokerage firm announces the price target at $26 per share. The rating by the firm was issued on March 23, 2016. Company shares have received an average consensus rating of Hold for the current week
On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the CFO of Chesapeake Lodging Trust, Vicari Douglas W had purchased shares worth of $275,000 in a transaction dated on November 13, 2015. A total of 10,000 shares were purchased at a price of $27.5 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
Chesapeake Lodging Trust (NYSE:CHSP) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.52 points or 2.23% at $22.83 with 845,960 shares getting traded. Post opening the session at $23.4, the shares hit an intraday low of $22.81 and an intraday high of $23.94 and the price was in this range throughout the day. The company has a market cap of $1,372 million and the number of outstanding shares have been calculated to be 60,083,747 shares. The 52-week high of Chesapeake Lodging Trust (NYSE:CHSP) is $32.608 and the 52-week low is $21.55.
Chesapeake Lodging Trust (the Trust) 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 a selective basis, select-service hotels in urban settings or locations in the United States. The Trust owns approximately 20 hotels with an aggregate of 6,116 rooms in eight states and the District of Columbia. The Trusts hotel portfolio includes Le Meridien San Francisco, Hyatt Regency Boston, Hilton Checkers Los Angeles, Hyatt Herald Square New York, Hyatt Santa Barbara, JW Marriott San Francisco Union Square and Denver Marriott City Center, among others. The Trusts operations are conducted through Chesapeake Lodging, L.P., its operating partnership (the Operating Partnership). The Operating Partnership leases its hotels to CHSP TRS LLC (CHSP TRS), which is a wholly owned subsidiary of the Operating Partnership.