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%.

COPYRIGHT VIOLATION NOTICE: This report was posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this report on another website, it was illegally stolen and republished in violation of international copyright laws. The correct version of this report can be read at https://theolympiareport.com/2017/12/27/chesapeake-lodging-trust-chsp-expected-to-announce-earnings-of-0-50-per-share.html.

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.

Get a free copy of the Zacks research report on Chesapeake Lodging Trust (CHSP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Chesapeake Lodging Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chesapeake Lodging Trust and related companies with Analyst Ratings Network's FREE daily email newsletter.