Chesapeake Stock Hits New 52-Week High (CHSP)

NEW YORK ( TheStreet) -- Chesapeake Lodging (NYSE: CHSP) hit a new 52-week high Monday as it is currently trading at $18.54, above its previous 52-week high of $18.53 with 78,033 shares traded as of 2:15 p.m. ET. Average volume has been 153,300 shares over the past 30 days.

Chesapeake has a market cap of $586.6 million and is part of the financial sector and real estate industry. Shares are up 19.1% year to date as of the close of trading on Friday.

No company description available. The company has a P/E ratio of 52.9, below the average real estate industry P/E ratio of 60.9 and 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 solid stock price performance, robust revenue growth, largely solid financial position with reasonable debt levels by most measures, 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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