Equities analysts predict that Chesapeake Lodging Trust (NYSE:CHSP) will post $0.51 earnings per share for the current quarter, Zacks reports. Six analysts have made estimates for Chesapeake Lodging Trust’s earnings. The highest EPS estimate is $0.54 and the lowest is $0.50. Chesapeake Lodging Trust posted earnings of $0.48 per share in the same quarter last year, which indicates a positive year over year growth rate of 6.3%. The business is scheduled to report its next quarterly earnings results on Thursday, February 21st.

According to Zacks, analysts expect that Chesapeake Lodging Trust will report full-year earnings of $2.33 per share for the current fiscal year, with EPS estimates ranging from $2.29 to $2.38. For the next year, analysts forecast that the firm will report earnings of $2.50 per share, with EPS estimates ranging from $2.42 to $2.59. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Chesapeake Lodging Trust.

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

CHSP has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Chesapeake Lodging Trust from a “sell” rating to a “hold” rating in a report on Monday, September 17th. Royal Bank of Canada reaffirmed a “hold” rating and set a $30.00 price objective on shares of Chesapeake Lodging Trust in a report on Monday, July 30th. Wells Fargo & Co lowered their target price on Chesapeake Lodging Trust from $32.00 to $28.00 and set a “market perform” rating for the company in a research report on Friday, November 2nd. ValuEngine downgraded Chesapeake Lodging Trust from a “buy” rating to a “hold” rating in a research report on Friday, October 12th. Finally, Robert W. Baird increased their target price on 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 investment analysts have rated the stock with a sell rating and six have given a hold rating to the stock. Chesapeake Lodging Trust currently has an average rating of “Hold” and an average price target of $29.55.

CHSP traded down $0.33 during trading on Monday, reaching $29.68. 220,576 shares of the company traded hands, compared to its average volume of 322,923. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.75 and a quick ratio of 1.75. Chesapeake Lodging Trust has a 12-month low of $24.98 and a 12-month high of $33.81. The firm has a market cap of $1.80 billion, a P/E ratio of 13.68, a price-to-earnings-growth ratio of 2.60 and a beta of 0.95.

The company also recently announced 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 5.39%. Chesapeake Lodging Trust’s dividend payout ratio is currently 73.73%.

In other news, Director Jeffrey D. Nuechterlein sold 3,000 shares of the stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $29.74, for a total transaction of $89,220.00. Following the completion of the transaction, the director now directly owns 14,154 shares in the company, valued at approximately $420,939.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.60% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Itau Unibanco Holding S.A. bought a new position in shares of Chesapeake Lodging Trust during the 2nd quarter valued at approximately $140,000. SG Americas Securities LLC lifted its position in Chesapeake Lodging Trust by 609.8% in the second quarter. SG Americas Securities LLC now owns 58,530 shares of the real estate investment trust’s stock worth $1,852,000 after buying an additional 50,284 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Chesapeake Lodging Trust by 10.9% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 63,520 shares of the real estate investment trust’s stock worth $2,010,000 after buying an additional 6,220 shares during the last quarter. Sei Investments Co. lifted its position in Chesapeake Lodging Trust by 121.5% in the second quarter. Sei Investments Co. now owns 17,648 shares of the real estate investment trust’s stock worth $559,000 after buying an additional 9,679 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in Chesapeake Lodging Trust by 2.3% in the first quarter. Principal Financial Group Inc. now owns 471,283 shares of the real estate investment trust’s stock worth $13,106,000 after buying an additional 10,698 shares during the last quarter. Hedge funds and other 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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