Wall Street analysts forecast that Chesapeake Lodging Trust (NYSE:CHSP) will post earnings per share (EPS) of $0.74 for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Chesapeake Lodging Trust’s earnings, with the highest EPS estimate coming in at $0.76 and the lowest estimate coming in at $0.72. Chesapeake Lodging Trust posted earnings of $0.72 per share during the same quarter last year, which would indicate a positive year over year growth rate of 2.8%. The business is scheduled to issue its next quarterly earnings results on Friday, July 26th.

According to Zacks, analysts expect that Chesapeake Lodging Trust will report full-year earnings of $2.43 per share for the current fiscal year, with EPS estimates ranging from $2.41 to $2.46. For the next year, analysts expect that the business will post earnings of $2.49 per share, with EPS estimates ranging from $2.42 to $2.58. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Chesapeake Lodging Trust.

Chesapeake Lodging Trust (NYSE:CHSP) last released its earnings results on Monday, May 6th. The real estate investment trust reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.30). The company had revenue of $133.70 million for the quarter, compared to the consensus estimate of $134.00 million. Chesapeake Lodging Trust had a net margin of 16.56% and a return on equity of 6.25%. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.43 EPS.

CHSP has been the topic of several analyst reports. Robert W. Baird set a $182.00 target price on Visa and gave the company an “outperform” rating in a research report on Wednesday, May 8th. Zacks Investment Research raised Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Tuesday, July 16th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Chesapeake Lodging Trust currently has an average rating of “Hold” and an average target price of $30.60.

Shares of NYSE CHSP traded down $0.37 during trading hours on Monday, hitting $27.47. 177,394 shares of the company traded hands, compared to its average volume of 369,514. The company has a market capitalization of $1.69 billion, a PE ratio of 11.74, a price-to-earnings-growth ratio of 2.29 and a beta of 0.98. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.79. The firm’s 50 day moving average is $28.45. Chesapeake Lodging Trust has a 12 month low of $23.68 and a 12 month high of $33.81.

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 5.82%. The ex-dividend date was Thursday, June 27th. Chesapeake Lodging Trust’s dividend payout ratio is currently 68.38%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CHSP. Oregon Public Employees Retirement Fund increased its holdings in shares of Chesapeake Lodging Trust by 1.7% in the second quarter. Oregon Public Employees Retirement Fund now owns 23,791 shares of the real estate investment trust’s stock valued at $676,000 after purchasing an additional 400 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in Chesapeake Lodging Trust by 1.0% in the first quarter. State of Alaska Department of Revenue now owns 39,951 shares of the real estate investment trust’s stock valued at $1,109,000 after purchasing an additional 412 shares during the period. Arizona State Retirement System boosted its holdings in Chesapeake Lodging Trust by 0.8% in the first quarter. Arizona State Retirement System now owns 93,738 shares of the real estate investment trust’s stock valued at $2,607,000 after purchasing an additional 732 shares during the period. Mason Street Advisors LLC boosted its holdings in Chesapeake Lodging Trust by 4.1% in the first quarter. Mason Street Advisors LLC now owns 19,515 shares of the real estate investment trust’s stock valued at $543,000 after purchasing an additional 760 shares during the period. Finally, Piedmont Investment Advisors Inc. boosted its holdings in Chesapeake Lodging Trust by 6.4% in the first quarter. Piedmont Investment Advisors Inc. now owns 15,265 shares of the real estate investment trust’s stock valued at $425,000 after purchasing an additional 912 shares during the period. 97.81% of the stock is currently owned by hedge funds and other institutional investors.

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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Earnings History and Estimates for Chesapeake Lodging Trust (NYSE:CHSP)

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