Analysts expect that Chesapeake Lodging Trust (NYSE:CHSP) will post sales of $134.26 million for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Chesapeake Lodging Trust’s earnings, with estimates ranging from $133.00 million to $137.19 million. Chesapeake Lodging Trust reported sales of $134.87 million during the same quarter last year, which would indicate a negative year over year growth rate of 0.5%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, April 24th.
On average, analysts expect that Chesapeake Lodging Trust will report full-year sales of $134.26 million for the current year, with estimates ranging from $609.33 million to $618.46 million. For the next fiscal year, analysts forecast that the company will post sales of $631.01 million per share, with estimates ranging from $619.24 million to $643.43 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Chesapeake Lodging Trust.
Chesapeake Lodging Trust (NYSE:CHSP) last posted its quarterly earnings results on Thursday, February 15th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.02). Chesapeake Lodging Trust had a return on equity of 6.67% and a net margin of 12.34%. The company had revenue of $142.70 million for the quarter, compared to the consensus estimate of $143.85 million. During the same quarter in the previous year, the business earned $0.48 earnings per share. Chesapeake Lodging Trust’s revenue was down 1.7% compared to the same quarter last year.
CHSP stock traded down $0.57 on Wednesday, reaching $26.18. The company had a trading volume of 238,812 shares, compared to its average volume of 281,337. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.79. 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 market cap of $1,615.18, a price-to-earnings ratio of 23.59, a price-to-earnings-growth ratio of 2.25 and a beta of 1.09.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Thursday, March 29th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 6.11%. The ex-dividend date of this dividend is Wednesday, March 28th. Chesapeake Lodging Trust’s dividend payout ratio (DPR) is currently 144.14%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its holdings in Chesapeake Lodging Trust by 3.7% in the 4th quarter. BlackRock Inc. now owns 9,107,523 shares of the real estate investment trust’s stock worth $246,723,000 after buying an additional 327,720 shares during the period. Bank of New York Mellon Corp lifted its holdings in Chesapeake Lodging Trust by 1.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,756,845 shares of the real estate investment trust’s stock worth $74,352,000 after buying an additional 33,674 shares during the period. AMP Capital Investors Ltd lifted its holdings in Chesapeake Lodging Trust by 707.5% in the 4th quarter. AMP Capital Investors Ltd now owns 1,583,954 shares of the real estate investment trust’s stock worth $42,909,000 after buying an additional 1,387,804 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Chesapeake Lodging Trust by 2.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 900,308 shares of the real estate investment trust’s stock worth $24,281,000 after buying an additional 19,777 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in shares of Chesapeake Lodging Trust by 7.7% in the 4th quarter. Wells Fargo & Company MN now owns 796,327 shares of the real estate investment trust’s stock valued at $21,573,000 after purchasing an additional 57,271 shares during the period. Institutional investors and hedge funds own 95.90% 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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