Shares of Chesapeake Lodging Trust (CHSP) Sees Large Outflow of Money

Chesapeake Lodging Trust (CHSP) : Net money flow in Chesapeake Lodging Trust (CHSP) was negative ($2.91 million) and the inflow of money on uptick was $0.63 million, whereas, the outflow of money on downticks amounted to $3.54 million on Tuesday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.18. The block trades show that the large investors, were aggressive sellers in the stock. On the other hand, the total value of block trades done on downticks was $2.91 million. The money flow in block trades was negative ($2.91). Chesapeake Lodging Trust (CHSP) gained $0.05 cent during the day and reached $25.51, a gain of 0.2% over the previous day.


Also, Major Brokerage house, SunTrust Robinson Humphrey maintains its ratings on Chesapeake Lodging Trust (NYSE:CHSP). In the latest research report, SunTrust Robinson Humphrey lowers the target price from $27 per share to $25 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on August 1, 2016.

Shares of Chesapeake Lodging Trust rose by 0.39% in the last five trading days and 0.63% for the last 4 weeks. Chesapeake Lodging Trust is up 9.98% in the last 3-month period. Year-to-Date the stock performance stands at 4.87%.

Chesapeake Lodging Trust (NYSE:CHSP): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $25.46 and $25.19 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $25.59. The buying momentum continued till the end and the stock did not give up its gains. It closed at $25.50, notching a gain of 0.16% for the day. The total traded volume was 306,384 . The stock had closed at $25.46 on the previous day.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Chesapeake Lodging Trust, Eckert Thomas D had sold 21,000 shares worth of $530,250 in a transaction dated August 10, 2016. In this transaction, 21,000 shares were sold at $25.25 per share.

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.

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