$0.44 EPS Expected for Chesapeake Lodging Trust (CHSP) This Quarter
Wall Street analysts forecast that Chesapeake Lodging Trust (NYSE:CHSP) will announce earnings of $0.44 per share for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Chesapeake Lodging Trust’s earnings. The highest EPS estimate is $0.47 and the lowest is $0.42. Chesapeake Lodging Trust reported earnings per share of $0.43 during the same quarter last year, which would suggest a positive year over year growth rate of 2.3%. The firm is scheduled to report its next earnings report before the market opens on Wednesday, May 8th.
According to Zacks, analysts expect that Chesapeake Lodging Trust will report full-year earnings of $2.43 per share for the current year, with EPS estimates ranging from $2.39 to $2.46. For the next financial year, analysts forecast that the firm will post earnings of $2.49 per share, with EPS estimates ranging from $2.42 to $2.58. Zacks’ EPS averages are an average based on a survey of analysts that cover Chesapeake Lodging Trust.
Chesapeake Lodging Trust (NYSE:CHSP) last announced its quarterly earnings data on Thursday, February 21st. The real estate investment trust reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.03. Chesapeake Lodging Trust had a net margin of 16.24% and a return on equity of 6.09%. The firm had revenue of $142.50 million for the quarter, compared to analyst estimates of $140.58 million. During the same quarter in the prior year, the business earned $0.48 earnings per share. The business’s quarterly revenue was down .1% compared to the same quarter last year.
Shares of NYSE CHSP traded up $0.10 during trading on Monday, hitting $28.32. 191,015 shares of the company traded hands, compared to its average volume of 331,104. Chesapeake Lodging Trust has a fifty-two week low of $23.68 and a fifty-two week high of $33.81. The firm has a market capitalization of $1.73 billion, a P/E ratio of 12.10, a P/E/G ratio of 2.34 and a beta of 1.15. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.71.
The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a $0.40 dividend. The ex-dividend date was Thursday, March 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.65%. Chesapeake Lodging Trust’s dividend payout ratio is presently 68.38%.
In other Chesapeake Lodging Trust news, Director Jeffrey D. Nuechterlein bought 1,500 shares of the stock in a transaction that occurred on Friday, February 22nd. The shares were bought at an average price of $30.11 per share, for a total transaction of $45,165.00. Following the acquisition, the director now directly owns 14,654 shares of the company’s stock, valued at approximately $441,231.94. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.60% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of CHSP. NumerixS Investment Technologies Inc increased its stake in Chesapeake Lodging Trust by 757.1% in the 4th quarter. NumerixS Investment Technologies Inc now owns 6,000 shares of the real estate investment trust’s stock valued at $147,000 after buying an additional 5,300 shares during the last quarter. Eii Capital Management Inc. increased its stake in Chesapeake Lodging Trust by 5.6% in the 4th quarter. Eii Capital Management Inc. now owns 7,390 shares of the real estate investment trust’s stock valued at $180,000 after buying an additional 395 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in Chesapeake Lodging Trust by 74.2% in the 1st quarter. Nisa Investment Advisors LLC now owns 6,620 shares of the real estate investment trust’s stock valued at $184,000 after buying an additional 2,820 shares during the last quarter. Quantamental Technologies LLC purchased a new stake in Chesapeake Lodging Trust in the 4th quarter valued at about $219,000. Finally, Jane Street Group LLC purchased a new stake in Chesapeake Lodging Trust in the 4th quarter valued at about $221,000. Institutional investors own 99.44% of the company’s stock.
About Chesapeake Lodging Trust
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.
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