Chesapeake Lodging Trust Stock Upgraded (CHSP)
NEW YORK (
)
(NYSE:
) has been upgraded by TheStreet Ratings from hold to buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, compelling growth in net income and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
Highlights from the ratings report include:
- CHSP's very impressive revenue growth greatly exceeded the industry average of 17.2%. Since the same quarter one year prior, revenues leaped by 157.6%. Growth in the company's revenue appears to have helped boost the earnings per share.
- The debt-to-equity ratio is somewhat low, currently at 0.78, and is less than that of the industry average, implying that there has been a relatively successful effort in the management of debt levels.
- CHESAPEAKE LODGING TRUST reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past year. We feel that this trend should continue. During the past fiscal year, CHESAPEAKE LODGING TRUST increased its bottom line by earning $0.25 versus $0.00 in the prior year. This year, the market expects an improvement in earnings ($0.87 versus $0.25).
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Real Estate Investment Trusts (REITs) industry. The net income increased by 299.8% when compared to the same quarter one year prior, rising from -$1.47 million to $2.94 million.
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No company description available. The company has a P/E ratio of 288, above the S&P 500 P/E ratio of 17.7. Chesapeake has a market cap of $550 million and is part of the
sector and
industry. Shares are up 11.3% year to date as of the close of trading on Thursday.
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-- Written by a member of TheStreet RatingsStaff
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