Analysts expect that Chesapeake Lodging (NYSE:CHSP) will report $134.26 million in sales for the current quarter, according to Zacks. Six analysts have made estimates for Chesapeake Lodging’s earnings. The lowest sales estimate is $133.00 million and the highest is $137.19 million. Chesapeake Lodging posted sales of $134.87 million in the same quarter last year, which suggests a negative year over year growth rate of 0.5%. The business is expected to announce its next earnings results before the market opens on Tuesday, May 1st.
On average, analysts expect that Chesapeake Lodging 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 financial year, analysts forecast that the business will report 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 sell-side research analysts that follow Chesapeake Lodging.
Chesapeake Lodging (NYSE:CHSP) last announced its quarterly earnings data 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). The business had revenue of $142.70 million during the quarter, compared to analysts’ expectations of $143.85 million. Chesapeake Lodging had a return on equity of 6.67% and a net margin of 12.34%. The firm’s revenue was down 1.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.48 earnings per share.
Institutional investors and hedge funds have recently bought and sold shares of the company. Bowling Portfolio Management LLC purchased a new stake in shares of Chesapeake Lodging during the 4th quarter worth about $1,308,000. Thrivent Financial For Lutherans raised its stake in shares of Chesapeake Lodging by 3.8% in the 4th quarter. Thrivent Financial For Lutherans now owns 64,643 shares of the real estate investment trust’s stock valued at $1,751,000 after acquiring an additional 2,339 shares in the last quarter. AMP Capital Investors Ltd raised its stake in shares of Chesapeake Lodging 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 valued at $42,909,000 after acquiring an additional 1,387,804 shares in the last quarter. Heitman Real Estate Securities LLC raised its stake in shares of Chesapeake Lodging by 2.9% in the 4th quarter. Heitman Real Estate Securities LLC now owns 407,811 shares of the real estate investment trust’s stock valued at $11,048,000 after acquiring an additional 11,666 shares in the last quarter. Finally, BlackRock Inc. raised its stake in shares of Chesapeake Lodging by 3.7% in the 4th quarter. BlackRock Inc. now owns 9,107,523 shares of the real estate investment trust’s stock valued at $246,723,000 after acquiring an additional 327,720 shares in the last quarter. 95.90% of the stock is owned by institutional investors.
Shares of Chesapeake Lodging stock opened at $28.27 on Friday. The stock has a market capitalization of $1,719.64, a P/E ratio of 13.03, a price-to-earnings-growth ratio of 2.38 and a beta of 0.98. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.45 and a quick ratio of 1.45. Chesapeake Lodging has a 1 year low of $22.55 and a 1 year high of $29.36.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Thursday, March 29th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.66%. The ex-dividend date is Wednesday, March 28th. Chesapeake Lodging’s dividend payout ratio (DPR) is presently 73.73%.
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About Chesapeake Lodging
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.
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