Chesapeake Lodging Trust (CHSP) Expected to Announce Earnings of $0.50 Per Share
Analysts forecast that Chesapeake Lodging Trust (NYSE:CHSP) will post earnings of $0.50 per share for the current quarter, according to Zacks. Six analysts have made estimates for Chesapeake Lodging Trust’s earnings, with estimates ranging from $0.49 to $0.52. Chesapeake Lodging Trust posted earnings per share of $0.16 during the same quarter last year, which would indicate a positive year over year growth rate of 212.5%. The company is expected to report its next quarterly earnings results on Wednesday, February 28th.
According to Zacks, analysts expect that Chesapeake Lodging Trust will report full year earnings of $2.20 per share for the current fiscal year, with EPS estimates ranging from $2.19 to $2.21. For the next fiscal year, analysts expect that the firm will post 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 sell-side research analysts that cover Chesapeake Lodging Trust.
Chesapeake Lodging Trust (NYSE:CHSP) last issued its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.64 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.01). Chesapeake Lodging Trust had a return on equity of 5.08% and a net margin of 11.97%. The company had revenue of $158.28 million for the quarter, compared to analyst estimates of $159.18 million. During the same period last year, the company posted $0.71 EPS. The business’s revenue for the quarter was down 3.8% on a year-over-year basis.
Several research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Chesapeake Lodging Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. Royal Bank of Canada restated a “hold” rating and issued a $25.00 target price on shares of Chesapeake Lodging Trust in a research note on Friday, September 22nd. Robert W. Baird set a $30.00 target price on shares of Chesapeake Lodging Trust and gave the company a “buy” rating in a research note on Friday, December 1st. SunTrust Banks restated a “hold” rating and issued a $23.00 target price on shares of Chesapeake Lodging Trust in a research note on Tuesday, October 17th. Finally, BidaskClub upgraded shares of Chesapeake Lodging Trust from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 28th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Chesapeake Lodging Trust currently has a consensus rating of “Hold” and a consensus target price of $27.17.
In related news, Director Jeffrey D. Nuechterlein sold 6,000 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $28.68, for a total value of $172,080.00. Following the sale, the director now owns 19,485 shares of the company’s stock, valued at approximately $558,829.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.50% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC boosted its position in shares of Chesapeake Lodging Trust by 5.1% during the 2nd 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 holdings in shares of Chesapeake Lodging Trust by 9.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,843 shares of the real estate investment trust’s stock worth $119,000 after buying an additional 399 shares during the period. GAM Holding AG boosted its holdings in shares of Chesapeake Lodging Trust by 8.8% in the second quarter. GAM Holding AG now owns 5,307 shares of the real estate investment trust’s stock worth $130,000 after buying an additional 429 shares during the period. UBS Asset Management Americas Inc. boosted its holdings in shares of Chesapeake Lodging Trust by 0.4% in the second quarter. UBS Asset Management Americas Inc. now owns 115,325 shares of the real estate investment trust’s stock worth $2,822,000 after buying an additional 469 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its holdings in shares of Chesapeake Lodging Trust by 2.3% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 62,806 shares of the real estate investment trust’s stock worth $1,537,000 after buying an additional 1,410 shares during the period. 99.83% of the stock is currently owned by hedge funds and other institutional investors.
Chesapeake Lodging Trust (NYSE CHSP) remained flat at $$27.50 during trading on Friday. The company’s stock had a trading volume of 441,309 shares, compared to its average volume of 345,152. Chesapeake Lodging Trust has a twelve month low of $22.55 and a twelve month high of $29.36. The company has a market cap of $1,650.00, a price-to-earnings ratio of 33.54, a price-to-earnings-growth ratio of 2.50 and a beta of 1.09. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.56 and a quick ratio of 1.56.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be issued a $0.40 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.82%. Chesapeake Lodging Trust’s dividend payout ratio (DPR) is presently 195.12%.
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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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