Chesapeake Lodging Trust (CHSP) Releases Q4 Earnings Guidance

Chesapeake Lodging Trust (NYSE:CHSP) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.48-0.52 for the period, compared to the Thomson Reuters consensus estimate of $0.53. Chesapeake Lodging Trust also updated its FY 2018 guidance to $2.28-2.32 EPS.

Chesapeake Lodging Trust stock traded down $0.50 during midday trading on Thursday, hitting $28.89. 90,599 shares of the stock were exchanged, compared to its average volume of 261,886. Chesapeake Lodging Trust has a 1 year low of $24.98 and a 1 year high of $33.81. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 13.31, a price-to-earnings-growth ratio of 2.51 and a beta of 0.88. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.53 and a quick ratio of 1.53.

Chesapeake Lodging Trust (NYSE:CHSP) last announced its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.65 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.01). The company had revenue of $156.35 million for the quarter, compared to analyst estimates of $157.13 million. Chesapeake Lodging Trust had a return on equity of 7.39% and a net margin of 12.84%. Chesapeake Lodging Trust’s revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.64 earnings per share. Analysts forecast that Chesapeake Lodging Trust will post 2.35 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 28th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 5.54%. The ex-dividend date of this dividend was Thursday, September 27th. Chesapeake Lodging Trust’s dividend payout ratio is currently 73.73%.

CHSP has been the subject of several research reports. ValuEngine lowered shares of Chesapeake Lodging Trust from a buy rating to a hold rating in a report on Friday, October 12th. Robert W. Baird lifted their price objective on shares of Chesapeake Lodging Trust from $30.00 to $31.00 and gave the company a neutral rating in a research report on Monday, July 30th. Zacks Investment Research downgraded shares of Chesapeake Lodging Trust from a hold rating to a sell rating in a research report on Tuesday, July 31st. Finally, Royal Bank of Canada reiterated a hold rating and issued a $30.00 price objective on shares of Chesapeake Lodging Trust in a research report on Monday, July 30th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. Chesapeake Lodging Trust presently has an average rating of Hold and an average target price of $29.86.

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. The Trust owns 20 hotels with an aggregate of 6,279 rooms in eight states and the District of Columbia.

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Earnings History and Estimates for Chesapeake Lodging Trust (NYSE:CHSP)

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