Chesapeake Lodging (CHSP) Moving On Heavy Volume In The Pre-Market Hours
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.
Trade-Ideas LLC identified
(
) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Chesapeake Lodging as such a stock due to the following factors:
- CHSP has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $11.6 million.
- CHSP traded 44,950 shares today in the pre-market hours as of 9:02 AM, representing 13.3% of its average daily volume.
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More details on CHSP:
Chesapeake Lodging Trust is a self-advised real estate investment trust organized in the state of Maryland in June 2009. The company focuses on investments primarily in upper-upscale hotels in major business and convention markets and premium select-service hotels in urban settings or unique locations in the United States. The stock currently has a dividend yield of 4.2%. CHSP has a PE ratio of 33.8. Currently there are 4 analysts that rate Chesapeake Lodging a buy, no analysts rate it a sell, and 5 rate it a hold.
The average volume for Chesapeake Lodging has been 320,100 shares per day over the past 30 days. Chesapeake has a market cap of $1.9 billion and is part of the financial sector and real estate industry. The stock has a beta of 0.81 and a short float of 2.6% with 2.99 days to cover. Shares are down 7.2% year-to-date as of the close of trading on Friday.
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Analysis:
rates Chesapeake Lodging as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, reasonable valuation levels, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
Highlights from the ratings report include:
- CHSP's revenue growth has slightly outpaced the industry average of 10.1%. Since the same quarter one year prior, revenues rose by 10.7%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
- Compared to its closing price of one year ago, CHSP's share price has jumped by 29.85%, exceeding the performance of the broader market during that same time frame. Regarding the stock's future course, although almost any stock can fall in a broad market decline, CHSP should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
- Net operating cash flow has increased to $33.94 million or 23.12% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of 11.97%.
- CHESAPEAKE LODGING TRUST's earnings per share declined by 33.3% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, CHESAPEAKE LODGING TRUST increased its bottom line by earning $1.01 versus $0.72 in the prior year. This year, the market expects an improvement in earnings ($1.26 versus $1.01).
- You can view the full Chesapeake Lodging Ratings Report.
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