Chesapeake Stock Hits New 52-Week High (CHSP)

NEW YORK ( TheStreet) -- Chesapeake Lodging (NYSE: CHSP) hit a new 52-week high Tuesday as it is currently trading at $18.24, above its previous 52-week high of $18.18 with 237,881 shares traded as of 4:02 p.m. ET. Average volume has been 127,800 shares over the past 30 days.

Chesapeake has a market cap of $550 million and is part of the financial sector and real estate industry. Shares are up 14.6% year to date as of the close of trading on Monday.

No company description available. The company has a P/E ratio of 59.1, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Chesapeake as a 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, increase in stock price during the past year, growth in earnings per share and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Chesapeake Ratings Report.

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