Brokerages Anticipate Chesapeake Lodging Trust (CHSP) Will Post Earnings of $0.50 Per Share

Analysts expect that Chesapeake Lodging Trust (NYSE:CHSP) will report earnings per share (EPS) of $0.50 for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Chesapeake Lodging Trust’s earnings, with estimates ranging from $0.49 to $0.52. Chesapeake Lodging Trust reported earnings per share of $0.48 in the same quarter last year, which would suggest a positive year over year growth rate of 4.2%. The business is scheduled to announce its next quarterly earnings results on Wednesday, February 28th.

On average, analysts expect that Chesapeake Lodging Trust will report full year earnings of $2.19 per share for the current financial year, with EPS estimates ranging from $2.19 to $2.21. For the next fiscal year, analysts anticipate that the business will report earnings of $2.38 per share, with EPS estimates ranging from $2.34 to $2.45. Zacks’ earnings per share averages are an average based on a survey of analysts that follow Chesapeake Lodging Trust.

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 for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.01). Chesapeake Lodging Trust had a return on equity of 5.11% and a net margin of 9.71%. The firm had revenue of $158.28 million during the quarter, compared to analysts’ expectations of $159.18 million. During the same period last year, the company earned $0.71 earnings per share. The business’s revenue for the quarter was down 3.8% compared to the same quarter last year.

A number of equities analysts have recently commented on the stock. Zacks Investment Research raised shares of Chesapeake Lodging Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. Robert W. Baird set a $30.00 target price on shares of Chesapeake Lodging Trust and gave the stock a “buy” rating in a research report on Friday, December 1st. JPMorgan Chase & Co. lowered shares of Chesapeake Lodging Trust from a “neutral” rating to an “underweight” rating in a research report on Thursday, November 16th. SunTrust Banks reaffirmed a “hold” rating and set a $23.00 target price on shares of Chesapeake Lodging Trust in a research report on Tuesday, October 17th. Finally, BidaskClub raised shares of Chesapeake Lodging Trust from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $27.17.

In other news, Director Jeffrey D. Nuechterlein sold 6,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $28.68, for a total transaction of $172,080.00. Following the transaction, the director now directly owns 19,485 shares in the company, valued at $558,829.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.20% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CHSP. Schwab Charles Investment Management Inc. boosted its stake in shares of Chesapeake Lodging Trust by 13.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 657,199 shares of the real estate investment trust’s stock valued at $16,082,000 after purchasing an additional 79,632 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Chesapeake Lodging Trust by 5.1% during the second quarter. SG Americas Securities LLC now owns 6,666 shares of the real estate investment trust’s stock valued at $163,000 after purchasing an additional 325 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Chesapeake Lodging Trust by 9.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,843 shares of the real estate investment trust’s stock valued at $119,000 after purchasing an additional 399 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of Chesapeake Lodging Trust by 2.3% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 62,806 shares of the real estate investment trust’s stock valued at $1,537,000 after purchasing an additional 1,410 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Chesapeake Lodging Trust by 9.0% during the second quarter. Wells Fargo & Company MN now owns 653,530 shares of the real estate investment trust’s stock valued at $15,992,000 after purchasing an additional 54,175 shares in the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

Shares of Chesapeake Lodging Trust (NYSE CHSP) traded down $0.12 during trading hours on Wednesday, 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 PEG ratio of 2.31 and a beta of 1.10. Chesapeake Lodging Trust has a fifty-two week low of $22.55 and a fifty-two week high of $29.36. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.84.

The business also recently announced a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.85%. The ex-dividend date was Thursday, December 28th. Chesapeake Lodging Trust’s dividend payout ratio (DPR) is presently 197.53%.

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About Chesapeake Lodging Trust

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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