Chesapeake Lodging Trust (NYSE:CHSP) updated its fourth quarter earnings guidance on Thursday. The company provided EPS guidance of $0.48-0.52 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.53. Chesapeake Lodging Trust also updated its FY 2018 guidance to $2.28-2.32 EPS.
Several analysts have recently commented on the company. Robert W. Baird raised their target price on Chesapeake Lodging Trust from $30.00 to $31.00 and gave the company a neutral rating in a research note on Monday, July 30th. ValuEngine cut shares of Chesapeake Lodging Trust from a buy rating to a hold rating in a research report on Friday, October 12th. Wells Fargo & Co dropped their price target on shares of Chesapeake Lodging Trust from $32.00 to $28.00 and set a market perform rating on the stock in a research report on Friday. Zacks Investment Research raised shares of Chesapeake Lodging Trust from a sell rating to a hold rating in a research report on Monday, October 22nd. Finally, Royal Bank of Canada reaffirmed a hold rating and issued a $30.00 price target on shares of Chesapeake Lodging Trust in a research report on Monday, July 30th. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. The company currently has a consensus rating of Hold and an average price target of $29.55.
Shares of Chesapeake Lodging Trust stock traded down $0.25 during mid-day trading on Friday, hitting $28.35. 477,736 shares of the stock were exchanged, compared to its average volume of 270,812. Chesapeake Lodging Trust has a 12 month low of $24.98 and a 12 month high of $33.81. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.80. The stock has a market cap of $1.78 billion, a P/E ratio of 13.06, a P/E/G ratio of 2.51 and a beta of 0.95.
Chesapeake Lodging Trust (NYSE:CHSP) last posted its earnings results on Thursday, November 1st. The real estate investment trust reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.32). Chesapeake Lodging Trust had a return on equity of 7.39% and a net margin of 12.84%. The firm had revenue of $156.35 million for the quarter, compared to the consensus estimate of $157.13 million. During the same period in the prior year, the business earned $0.64 EPS. Chesapeake Lodging Trust’s quarterly revenue was down 1.2% compared to the same quarter last year. On average, equities analysts anticipate that Chesapeake Lodging Trust will post 2.31 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 28th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $1.60 annualized dividend and a dividend yield of 5.64%. Chesapeake Lodging Trust’s dividend payout ratio is currently 73.73%.
Chesapeake Lodging Trust Company Profile
Chesapeake Lodging Trust is a self-advised lodging real estate investment trust REIT focused on investments primarily in upper-upscale hotels in major business and convention markets and, on a selective basis, premium select-service hotels in urban settings or unique locations in the United States. The Trust owns 20 hotels with an aggregate of 6,279 rooms in eight states and the District of Columbia.
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