Chesapeake Lodging Trust (NYSE:CHSP) announced a quarterly dividend on Tuesday, September 19th, Wall Street Journal reports. Stockholders of record on Friday, September 29th will be paid a dividend of 0.40 per share by the real estate investment trust on Friday, October 13th. This represents a $1.60 annualized dividend and a dividend yield of 6.30%. The ex-dividend date of this dividend is Thursday, September 28th.

Chesapeake Lodging Trust has increased its dividend payment by an average of 18.6% annually over the last three years and has increased its dividend every year for the last 5 years. Chesapeake Lodging Trust has a payout ratio of 72.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Chesapeake Lodging Trust to earn $2.41 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 66.4%.

Shares of Chesapeake Lodging Trust (NYSE:CHSP) opened at 25.38 on Wednesday. Chesapeake Lodging Trust has a one year low of $20.81 and a one year high of $27.08. The company has a market cap of $1.50 billion, a PE ratio of 25.95 and a beta of 1.11. The stock’s 50 day moving average price is $25.24 and its 200 day moving average price is $24.34.

Chesapeake Lodging Trust (NYSE:CHSP) last issued its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.02. Chesapeake Lodging Trust had a return on equity of 5.53% and a net margin of 10.77%. The company had revenue of $162.50 million for the quarter, compared to analyst estimates of $161.41 million. During the same quarter last year, the company posted $0.75 EPS. The company’s revenue for the quarter was down 4.1% compared to the same quarter last year. Equities analysts predict that Chesapeake Lodging Trust will post $0.82 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Chesapeake Lodging Trust (CHSP) Announces $0.40 Quarterly Dividend” was first posted by Watch List News and is owned by of Watch List News. If you are reading this piece on another domain, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The original version of this piece can be read at https://www.watchlistnews.com/chesapeake-lodging-trust-chsp-announces-0-40-quarterly-dividend/1575487.html.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Chesapeake Lodging Trust from a “hold” rating to a “strong-buy” rating and set a $30.00 price objective on the stock in a research report on Tuesday. Royal Bank Of Canada restated a “hold” rating and set a $25.00 price objective on shares of Chesapeake Lodging Trust in a research report on Friday, August 4th. BidaskClub upgraded Chesapeake Lodging Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Robert W. Baird set a $27.00 price objective on Chesapeake Lodging Trust and gave the stock a “buy” rating in a research report on Friday, August 25th. Finally, TheStreet upgraded Chesapeake Lodging Trust from a “c+” rating to a “b” rating in a research report on Friday, August 4th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $25.60.

Chesapeake Lodging Trust Company Profile

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.

Dividend History for Chesapeake Lodging Trust (NYSE:CHSP)

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.