Analysts predict that Chesapeake Lodging Trust (NYSE:CHSP) will report $0.51 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. 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 reported 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 company is scheduled to announce its next quarterly earnings report on Thursday, February 21st.

On average, analysts expect that Chesapeake Lodging Trust will report full-year earnings of $2.31 per share for the current fiscal year, with EPS estimates ranging from $2.29 to $2.35. For the next fiscal year, analysts expect that the company will post earnings of $2.48 per share, with EPS estimates ranging from $2.41 to $2.55. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Chesapeake Lodging Trust.

Chesapeake Lodging Trust (NYSE:CHSP) last released its earnings results on Thursday, November 1st. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $156.35 million during the quarter, compared to analyst estimates of $157.13 million. During the same period in the previous year, the company earned $0.64 earnings per share. Chesapeake Lodging Trust’s revenue was down 1.2% on a year-over-year basis.

Several equities research analysts have weighed in on the company. Zacks Investment Research raised Chesapeake Lodging Trust from a “sell” rating to a “hold” rating in a research report on Monday, September 17th. Wells Fargo & Co cut their price target on Chesapeake Lodging Trust from $32.00 to $28.00 and set a “market perform” rating on the stock in a research report on Friday, November 2nd. Finally, ValuEngine downgraded Chesapeake Lodging Trust from a “buy” rating to a “hold” rating in a research report on Friday, October 12th. Seven research analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and an average target price of $29.55.

Shares of NYSE CHSP traded down $0.84 during mid-day trading on Wednesday, hitting $28.84. The stock had a trading volume of 348,400 shares, compared to its average volume of 278,292. 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 twelve month low of $24.98 and a twelve month high of $33.81. The company has a market cap of $1.79 billion, a price-to-earnings ratio of 13.29, a PEG ratio of 2.58 and a beta of 0.95.

In other Chesapeake Lodging Trust news, Director Jeffrey D. Nuechterlein sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $29.74, for a total value of $89,220.00. Following the transaction, the director now directly owns 14,154 shares of the company’s stock, valued at approximately $420,939.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.60% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. purchased a new stake in shares of Chesapeake Lodging Trust during the 2nd quarter valued at approximately $140,000. SG Americas Securities LLC raised its position in shares of Chesapeake Lodging Trust by 609.8% during the 2nd quarter. SG Americas Securities LLC now owns 58,530 shares of the real estate investment trust’s stock valued at $1,852,000 after buying an additional 50,284 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Chesapeake Lodging Trust by 10.9% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 63,520 shares of the real estate investment trust’s stock valued at $2,010,000 after buying an additional 6,220 shares during the period. Sei Investments Co. raised its position in shares of Chesapeake Lodging Trust by 121.5% during the 2nd quarter. Sei Investments Co. now owns 17,648 shares of the real estate investment trust’s stock valued at $559,000 after buying an additional 9,679 shares during the period. Finally, Bank of Montreal Can raised its position in shares of Chesapeake Lodging Trust by 28.3% during the 3rd quarter. Bank of Montreal Can now owns 174,882 shares of the real estate investment trust’s stock valued at $5,608,000 after buying an additional 38,578 shares during the period.

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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