Chesapeake Lodging Trust (NYSE:CHSP) – Research analysts at KeyCorp issued their FY2019 earnings per share (EPS) estimates for shares of Chesapeake Lodging Trust in a report issued on Tuesday, Zacks Investment Research reports. KeyCorp analyst A. Wurschmidt expects that the real estate investment trust will earn $2.56 per share for the year. KeyCorp currently has a “Hold” rating on the stock.
CHSP has been the topic of a number of other research reports. Janney Montgomery Scott upgraded shares of Chesapeake Lodging Trust from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $25.00 to $32.00 in a research note on Wednesday, September 27th. Robert W. Baird set a $30.00 price objective on shares of Chesapeake Lodging Trust and gave the company a “buy” rating in a research note on Friday, December 1st. BidaskClub upgraded shares of Chesapeake Lodging Trust from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 28th. JPMorgan Chase & Co. lowered shares of Chesapeake Lodging Trust from a “neutral” rating to an “underweight” rating in a research note on Thursday, November 16th. Finally, Zacks Investment Research upgraded shares of Chesapeake Lodging Trust from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research note on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Chesapeake Lodging Trust currently has a consensus rating of “Hold” and an average target price of $27.17.
Chesapeake Lodging Trust (NYSE:CHSP) traded down $0.12 on Thursday, hitting $27.37. 178,162 shares of the stock were exchanged, compared to its average volume of 383,159. The stock has a market capitalization of $1,652.56, a price-to-earnings ratio of 33.79, a P/E/G ratio of 2.31 and a beta of 1.10. Chesapeake Lodging Trust has a 12 month low of $22.55 and a 12 month high of $29.36. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.56 and a quick ratio of 1.56.
Chesapeake Lodging Trust (NYSE:CHSP) last posted its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). The firm had revenue of $158.28 million for the quarter, compared to analysts’ expectations of $159.18 million. Chesapeake Lodging Trust had a net margin of 9.71% and a return on equity of 5.11%. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.71 EPS.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 29th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 5.85%. The ex-dividend date was Thursday, December 28th. Chesapeake Lodging Trust’s dividend payout ratio is presently 197.53%.
In other Chesapeake Lodging Trust news, Director Jeffrey D. Nuechterlein sold 6,000 shares of Chesapeake Lodging Trust stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $28.68, for a total value of $172,080.00. Following the completion of the transaction, the director now owns 19,485 shares of the company’s stock, valued at $558,829.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.20% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its holdings in Chesapeake Lodging Trust by 1.2% in the third quarter. Bank of New York Mellon Corp now owns 2,756,845 shares of the real estate investment trust’s stock worth $74,352,000 after purchasing an additional 33,674 shares during the period. State Street Corp boosted its holdings in shares of Chesapeake Lodging Trust by 2.0% during the second quarter. State Street Corp now owns 2,325,547 shares of the real estate investment trust’s stock valued at $56,906,000 after acquiring an additional 46,045 shares during the period. Northern Trust Corp boosted its holdings in shares of Chesapeake Lodging Trust by 27.0% during the second quarter. Northern Trust Corp now owns 2,239,578 shares of the real estate investment trust’s stock valued at $54,803,000 after acquiring an additional 476,562 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Chesapeake Lodging Trust by 3.7% during the second quarter. Ameriprise Financial Inc. now owns 1,789,979 shares of the real estate investment trust’s stock valued at $43,804,000 after acquiring an additional 63,574 shares during the period. Finally, Prudential Financial Inc. boosted its holdings in shares of Chesapeake Lodging Trust by 7.3% during the third quarter. Prudential Financial Inc. now owns 1,064,281 shares of the real estate investment trust’s stock valued at $28,703,000 after acquiring an additional 72,088 shares during the period. 99.83% of the stock is owned by hedge funds and other institutional investors.
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Chesapeake Lodging Trust Company Profile
Chesapeake Lodging Trust is a real estate investment trust. The Company is focused on investments primarily in upper-upscale hotels in various business and convention markets and, on a selective basis, select-service hotels in urban settings or other locations in the United States. The Company operates through the hotel ownership segment.
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