Equities research analysts forecast that Chesapeake Lodging Trust (NYSE:CHSP) will announce $0.36 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Chesapeake Lodging Trust’s earnings, with estimates ranging from $0.33 to $0.37. Chesapeake Lodging Trust reported earnings of $0.44 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 18.2%. The company is expected to report its next earnings results after the market closes on Tuesday, April 25th.
According to Zacks, analysts expect that Chesapeake Lodging Trust will report full-year earnings of $2.18 per share for the current year, with EPS estimates ranging from $2.14 to $2.28. For the next year, analysts anticipate that the firm will report earnings of $2.29 per share, with EPS estimates ranging from $2.22 to $2.34. Zacks’ EPS averages are an average based on a survey of analysts that follow Chesapeake Lodging Trust.
Chesapeake Lodging Trust (NYSE:CHSP) last announced its earnings results on Wednesday, February 22nd. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by $0.30. Chesapeake Lodging Trust had a return on equity of 6.60% and a net margin of 12.77%. The business had revenue of $145.13 million for the quarter, compared to analyst estimates of $142.75 million. During the same period last year, the firm earned $0.52 EPS. The company’s revenue for the quarter was down .7% compared to the same quarter last year.
A number of analysts have issued reports on the company. Zacks Investment Research lowered Chesapeake Lodging Trust from a “buy” rating to a “hold” rating in a research note on Friday, February 24th. Janney Montgomery Scott reissued a “neutral” rating and issued a $24.00 price target on shares of Chesapeake Lodging Trust in a research note on Thursday, February 23rd.
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Shares of Chesapeake Lodging Trust (NYSE:CHSP) traded down 1.35% during midday trading on Friday, reaching $24.03. 415,162 shares of the company’s stock traded hands. The company has a market capitalization of $1.42 billion, a PE ratio of 21.27 and a beta of 1.04. The stock’s 50 day moving average is $23.67 and its 200-day moving average is $24.19. Chesapeake Lodging Trust has a 52 week low of $20.81 and a 52 week high of $27.08.
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 14th. Stockholders of record on Friday, March 31st were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 6.66%. The ex-dividend date of this dividend was Wednesday, March 29th. Chesapeake Lodging Trust’s dividend payout ratio is currently 135.59%.
In other news, Director Thomas D. Eckert sold 16,000 shares of Chesapeake Lodging Trust stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $24.36, for a total value of $389,760.00. Following the transaction, the director now directly owns 34,178 shares of the company’s stock, valued at approximately $832,576.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.20% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in CHSP. Acrospire Investment Management LLC increased its position in Chesapeake Lodging Trust by 6.1% in the third quarter. Acrospire Investment Management LLC now owns 5,200 shares of the real estate investment trust’s stock valued at $119,000 after buying an additional 300 shares during the period. Kemper Corp Master Retirement Trust increased its position in Chesapeake Lodging Trust by 1.6% in the third quarter. Kemper Corp Master Retirement Trust now owns 8,075 shares of the real estate investment trust’s stock valued at $185,000 after buying an additional 125 shares during the period. SG Americas Securities LLC acquired a new position in Chesapeake Lodging Trust during the third quarter valued at approximately $238,000. PEAK6 Investments L.P. acquired a new position in Chesapeake Lodging Trust during the fourth quarter valued at approximately $293,000. Finally, Nisa Investment Advisors LLC increased its position in Chesapeake Lodging Trust by 5.2% in the third quarter. Nisa Investment Advisors LLC now owns 14,200 shares of the real estate investment trust’s stock valued at $325,000 after buying an additional 700 shares during the period. 96.22% of the stock is currently owned by institutional investors and hedge funds.
About Chesapeake Lodging Trust
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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