FY2018 Earnings Forecast for Chesapeake Lodging Trust (CHSP) Issued By SunTrust Banks

Chesapeake Lodging Trust (NYSE:CHSP) – Equities research analysts at SunTrust Banks lowered their FY2018 EPS estimates for shares of Chesapeake Lodging Trust in a report released on Thursday, November 1st. SunTrust Banks analyst P. Scholes now expects that the real estate investment trust will post earnings per share of $2.31 for the year, down from their prior forecast of $2.36. SunTrust Banks also issued estimates for Chesapeake Lodging Trust’s Q4 2018 earnings at $0.51 EPS, Q1 2019 earnings at $0.50 EPS, Q4 2019 earnings at $0.57 EPS and FY2019 earnings at $2.55 EPS.

A number of other equities research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Chesapeake Lodging Trust from a “hold” rating to a “sell” rating in a research report on Monday. Wells Fargo & Co reduced their price objective on shares of Chesapeake Lodging Trust from $32.00 to $28.00 and set a “market perform” rating for the company in a research report on Friday. ValuEngine downgraded shares of Chesapeake Lodging Trust from a “buy” rating to a “hold” rating in a research report on Friday, October 12th. Royal Bank of Canada restated a “hold” rating and issued a $30.00 price objective on shares of Chesapeake Lodging Trust in a research report on Monday, July 30th. Finally, Robert W. Baird lifted their price target on shares of Chesapeake Lodging Trust from $30.00 to $31.00 and gave the company a “neutral” rating in a research report on Monday, July 30th. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $29.55.

Shares of NYSE:CHSP opened at $29.46 on Monday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.75 and a quick ratio of 1.75. The stock has a market capitalization of $1.71 billion, a P/E ratio of 13.58, a PEG ratio of 2.46 and a beta of 0.95. Chesapeake Lodging Trust has a 52 week low of $24.98 and a 52 week high of $33.81.

Chesapeake Lodging Trust (NYSE:CHSP) last announced its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.32). The firm had revenue of $156.35 million during the quarter, compared to analyst estimates of $157.13 million. Chesapeake Lodging Trust had a net margin of 18.64% and a return on equity of 7.47%. Chesapeake Lodging Trust’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.64 EPS.

The business also recently declared a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, September 27th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.43%. Chesapeake Lodging Trust’s payout ratio is 73.73%.

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its position in shares of Chesapeake Lodging Trust by 7.5% during the 2nd quarter. BlackRock Inc. now owns 9,912,094 shares of the real estate investment trust’s stock worth $313,619,000 after purchasing an additional 688,834 shares during the last quarter. Northern Trust Corp raised its position in shares of Chesapeake Lodging Trust by 2.4% during the 2nd quarter. Northern Trust Corp now owns 2,540,438 shares of the real estate investment trust’s stock worth $80,379,000 after purchasing an additional 60,557 shares during the last quarter. Morgan Stanley raised its position in shares of Chesapeake Lodging Trust by 53.1% during the 2nd quarter. Morgan Stanley now owns 2,371,712 shares of the real estate investment trust’s stock worth $75,041,000 after purchasing an additional 822,403 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of Chesapeake Lodging Trust by 205.2% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,014,720 shares of the real estate investment trust’s stock worth $32,457,000 after purchasing an additional 682,205 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Chesapeake Lodging Trust by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 957,647 shares of the real estate investment trust’s stock worth $30,300,000 after purchasing an additional 8,023 shares during the last quarter. Institutional investors own 98.86% of the company’s stock.

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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Earnings History and Estimates for Chesapeake Lodging Trust (NYSE:CHSP)

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