$0.50 Earnings Per Share Expected for Chesapeake Lodging Trust (CHSP) This Quarter

Wall Street analysts expect Chesapeake Lodging Trust (NYSE:CHSP) to announce $0.50 earnings per share for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Chesapeake Lodging Trust’s earnings, with the lowest EPS estimate coming in at $0.49 and the highest estimate coming in at $0.54. Chesapeake Lodging Trust reported earnings per share of $0.16 during the same quarter last year, which indicates a positive year-over-year growth rate of 212.5%. The company is scheduled to report its next earnings report on Wednesday, February 28th.

According to Zacks, analysts expect that Chesapeake Lodging Trust will report full year earnings of $2.21 per share for the current year, with EPS estimates ranging from $2.19 to $2.27. For the next financial year, analysts expect that the firm will report earnings of $2.41 per share, with EPS estimates ranging from $2.34 to $2.48. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Chesapeake Lodging Trust.

Chesapeake Lodging Trust (NYSE:CHSP) last announced its quarterly earnings data 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). Chesapeake Lodging Trust had a net margin of 9.71% and a return on equity of 5.11%. The firm had revenue of $158.28 million during the quarter, compared to analysts’ expectations of $159.18 million. During the same period in the prior year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was down 3.8% on a year-over-year basis.

CHSP has been the topic of several research reports. Royal Bank Of Canada reissued 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 raised shares of Chesapeake Lodging Trust from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 28th. Zacks Investment Research downgraded shares of Chesapeake Lodging Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. J P Morgan Chase & Co downgraded shares of Chesapeake Lodging Trust from a “neutral” rating to an “underweight” rating in a research report on Thursday, November 16th. Finally, Robert W. Baird set a $27.00 price objective on shares of Chesapeake Lodging Trust and gave the stock a “buy” rating in a research report on Sunday, October 1st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $26.67.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC raised its position in Chesapeake Lodging Trust by 5.1% during the second quarter. SG Americas Securities LLC now owns 6,666 shares of the real estate investment trust’s stock worth $163,000 after acquiring an additional 325 shares during the last quarter. Texas Permanent School Fund raised its position in Chesapeake Lodging Trust by 0.8% during the second quarter. Texas Permanent School Fund now owns 43,876 shares of the real estate investment trust’s stock worth $1,074,000 after acquiring an additional 362 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Chesapeake Lodging Trust by 9.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,843 shares of the real estate investment trust’s stock worth $119,000 after acquiring an additional 399 shares during the last quarter. Dupont Capital Management Corp raised its position in Chesapeake Lodging Trust by 0.7% during the second quarter. Dupont Capital Management Corp now owns 56,837 shares of the real estate investment trust’s stock worth $1,391,000 after acquiring an additional 421 shares during the last quarter. Finally, GAM Holding AG raised its position in Chesapeake Lodging Trust by 8.8% during the second quarter. GAM Holding AG now owns 5,307 shares of the real estate investment trust’s stock worth $130,000 after acquiring an additional 429 shares during the last quarter. Hedge funds and other institutional investors own 98.92% of the company’s stock.

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Chesapeake Lodging Trust (NYSE:CHSP) traded down $0.10 during midday trading on Friday, hitting $28.62. 188,986 shares of the company were exchanged, compared to its average volume of 341,243. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.56 and a quick ratio of 1.56. The stock has a market cap of $1,705.46, a P/E ratio of 13.01, a price-to-earnings-growth ratio of 2.58 and a beta of 1.09. Chesapeake Lodging Trust has a 1 year low of $22.55 and a 1 year high of $28.79.

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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