Equities analysts expect Chesapeake Lodging Trust (NYSE:CHSP) to announce $0.50 earnings per share for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Chesapeake Lodging Trust’s earnings, with the lowest EPS estimate coming in at $0.49 and the highest estimate coming in at $0.52. Chesapeake Lodging Trust reported earnings of $0.48 per share during the same quarter last year, which would indicate a positive year over year growth rate of 4.2%. The firm is expected to announce its next quarterly earnings results on Wednesday, February 28th.

On average, analysts expect that Chesapeake Lodging Trust will report full year earnings of $2.19 per share for the current financial year, with EPS estimates ranging from $2.19 to $2.21. For the next year, analysts expect that the company will report earnings of $2.38 per share, with EPS estimates ranging from $2.34 to $2.45. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Chesapeake Lodging Trust.

Chesapeake Lodging Trust (NYSE:CHSP) last issued its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.64 EPS for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.01). The company had revenue of $158.28 million for the quarter, compared to analysts’ expectations of $159.18 million. Chesapeake Lodging Trust had a return on equity of 5.11% and a net margin of 9.71%. The business’s revenue was down 3.8% compared to the same quarter last year. During the same period last year, the business posted $0.71 earnings per share.

A number of brokerages have recently commented on CHSP. Zacks Investment Research lowered shares of Chesapeake Lodging Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. SunTrust Banks reaffirmed a “hold” rating and set a $23.00 target price on shares of Chesapeake Lodging Trust in a research report on Tuesday, October 17th. Royal Bank of Canada reaffirmed a “hold” rating and set a $25.00 target price on shares of Chesapeake Lodging Trust in a research report on Friday, September 22nd. Robert W. Baird reiterated a “buy” rating and set a $27.00 price objective on shares of Chesapeake Lodging Trust in a research note on Sunday, November 5th. Finally, JPMorgan Chase & Co. downgraded shares of Chesapeake Lodging Trust from a “neutral” rating to an “underweight” rating in a research note on Thursday, November 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $27.17.

Shares of Chesapeake Lodging Trust (NYSE:CHSP) traded down $0.12 during trading hours on Wednesday, hitting $27.37. 178,162 shares of the stock were exchanged, compared to its average volume of 383,159. The stock has a market capitalization of $1,652.56, a price-to-earnings ratio of 33.79, a PEG ratio of 2.31 and a beta of 1.10. Chesapeake Lodging Trust has a fifty-two week low of $22.55 and a fifty-two week high of $29.36. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.84.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, December 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.85%. Chesapeake Lodging Trust’s dividend payout ratio is presently 197.53%.

In other news, Director Jeffrey D. Nuechterlein sold 6,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $28.68, for a total transaction of $172,080.00. Following the transaction, the director now directly owns 19,485 shares in the company, valued at $558,829.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.20% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its stake in shares of Chesapeake Lodging Trust by 1.2% during the third quarter. Bank of New York Mellon Corp now owns 2,756,845 shares of the real estate investment trust’s stock valued at $74,352,000 after purchasing an additional 33,674 shares in the last quarter. State Street Corp boosted its stake in Chesapeake Lodging Trust by 2.0% in the second quarter. State Street Corp now owns 2,325,547 shares of the real estate investment trust’s stock valued at $56,906,000 after acquiring an additional 46,045 shares in the last quarter. Northern Trust Corp boosted its stake in Chesapeake Lodging Trust by 27.0% in the second quarter. Northern Trust Corp now owns 2,239,578 shares of the real estate investment trust’s stock valued at $54,803,000 after acquiring an additional 476,562 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Chesapeake Lodging Trust by 3.7% in the second quarter. Ameriprise Financial Inc. now owns 1,789,979 shares of the real estate investment trust’s stock valued at $43,804,000 after acquiring an additional 63,574 shares in the last quarter. Finally, Prudential Financial Inc. boosted its stake in Chesapeake Lodging Trust by 7.3% in the third quarter. Prudential Financial Inc. now owns 1,064,281 shares of the real estate investment trust’s stock valued at $28,703,000 after acquiring an additional 72,088 shares in the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

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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.

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