Analysts predict that Chesapeake Lodging Trust (NYSE:CHSP) will post $159.60 million in sales for the current quarter, Zacks reports. Six analysts have made estimates for Chesapeake Lodging Trust’s earnings. The highest sales estimate is $162.12 million and the lowest is $157.76 million. Chesapeake Lodging Trust posted sales of $164.53 million in the same quarter last year, which suggests a negative year-over-year growth rate of 3%. The company is scheduled to issue its next earnings results on Tuesday, November 7th.

On average, analysts expect that Chesapeake Lodging Trust will report full-year sales of $159.60 million for the current year, with estimates ranging from $601.74 million to $610.11 million. For the next financial year, analysts expect that the company will post sales of $622.72 million per share, with estimates ranging from $618.53 million to $626.69 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Chesapeake Lodging Trust.

Chesapeake Lodging Trust (NYSE:CHSP) last posted its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.02. The firm had revenue of $162.50 million during the quarter, compared to analysts’ expectations of $161.41 million. Chesapeake Lodging Trust had a net margin of 10.77% and a return on equity of 5.53%. The company’s revenue was down 4.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.75 earnings per share.

Several brokerages have recently weighed in on CHSP. TheStreet raised shares of Chesapeake Lodging Trust from a “c+” rating to a “b” rating in a research note on Friday, August 4th. Deutsche Bank AG reaffirmed a “hold” rating and set a $22.00 price target (up from $21.00) on shares of Chesapeake Lodging Trust in a research note on Tuesday, July 18th. BidaskClub cut shares of Chesapeake Lodging Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Zacks Investment Research cut shares of Chesapeake Lodging Trust from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $25.00 price target on shares of Chesapeake Lodging Trust in a research note on Friday, August 4th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $25.20.

Chesapeake Lodging Trust (NYSE CHSP) traded up 1.59% during mid-day trading on Tuesday, reaching $25.58. 121,747 shares of the company’s stock were exchanged. Chesapeake Lodging Trust has a 52-week low of $20.81 and a 52-week high of $27.08. The company has a market cap of $1.51 billion, a PE ratio of 26.16 and a beta of 1.11. The stock has a 50-day moving average price of $25.06 and a 200 day moving average price of $24.29.

Several large investors have recently added to or reduced their stakes in CHSP. Teachers Advisors LLC grew its stake in shares of Chesapeake Lodging Trust by 4.9% in the fourth quarter. Teachers Advisors LLC now owns 100,913 shares of the real estate investment trust’s stock valued at $2,610,000 after buying an additional 4,752 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Chesapeake Lodging Trust by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 24,500 shares of the real estate investment trust’s stock valued at $587,000 after buying an additional 300 shares in the last quarter. ProShare Advisors LLC grew its stake in shares of Chesapeake Lodging Trust by 3.5% in the first quarter. ProShare Advisors LLC now owns 11,272 shares of the real estate investment trust’s stock valued at $197,000 after buying an additional 386 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Chesapeake Lodging Trust by 26.9% in the first quarter. Russell Investments Group Ltd. now owns 396,090 shares of the real estate investment trust’s stock valued at $9,489,000 after buying an additional 83,930 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of Chesapeake Lodging Trust by 17.4% in the first quarter. Wells Fargo & Company MN now owns 599,355 shares of the real estate investment trust’s stock valued at $14,360,000 after buying an additional 88,704 shares in the last quarter. 98.54% of the stock is owned by institutional investors and hedge funds.

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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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