Analysts predict that Chesapeake Lodging Trust (NYSE:CHSP) will report earnings of $0.51 per share for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Chesapeake Lodging Trust’s earnings, with estimates ranging from $0.50 to $0.54. Chesapeake Lodging Trust posted earnings per share of $0.48 during the same quarter last year, which indicates a positive year-over-year growth rate of 6.3%. The company is expected to issue its next quarterly earnings report on Thursday, February 21st.
According to Zacks, analysts expect that Chesapeake Lodging Trust will report full year earnings of $2.33 per share for the current year, with EPS estimates ranging from $2.29 to $2.38. For the next financial year, analysts forecast that the firm will post earnings of $2.50 per share, with EPS estimates ranging from $2.42 to $2.59. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Chesapeake Lodging Trust.
Chesapeake Lodging Trust (NYSE:CHSP) last issued its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.32). The company had revenue of $156.35 million for the quarter, compared to analysts’ expectations of $157.13 million. Chesapeake Lodging Trust had a net margin of 18.64% and a return on equity of 7.47%. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.64 earnings per share.
Chesapeake Lodging Trust stock traded down $0.33 during mid-day trading on Monday, reaching $29.68. 220,576 shares of the company traded hands, compared to its average volume of 322,923. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.71. The company has a market cap of $1.80 billion, a P/E ratio of 13.68, a PEG ratio of 2.60 and a beta of 0.95. Chesapeake Lodging Trust has a 52-week low of $24.98 and a 52-week high of $33.81.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.39%. The ex-dividend date was Thursday, September 27th. Chesapeake Lodging Trust’s dividend payout ratio (DPR) is presently 73.73%.
In other news, Director Jeffrey D. Nuechterlein sold 3,000 shares of the business’s stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $29.74, for a total transaction of $89,220.00. Following the sale, the director now owns 14,154 shares in the company, valued at approximately $420,939.96. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 2.60% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. Dupont Capital Management Corp boosted its stake in Chesapeake Lodging Trust by 3.4% in the 3rd quarter. Dupont Capital Management Corp now owns 99,609 shares of the real estate investment trust’s stock worth $3,194,000 after purchasing an additional 3,264 shares in the last quarter. Campbell & CO Investment Adviser LLC boosted its stake in Chesapeake Lodging Trust by 39.4% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 15,215 shares of the real estate investment trust’s stock worth $481,000 after purchasing an additional 4,300 shares in the last quarter. Itau Unibanco Holding S.A. bought a new position in Chesapeake Lodging Trust in the 2nd quarter worth about $140,000. AXA boosted its stake in Chesapeake Lodging Trust by 5.0% in the 3rd quarter. AXA now owns 97,300 shares of the real estate investment trust’s stock worth $3,120,000 after purchasing an additional 4,600 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in Chesapeake Lodging Trust by 3.3% in the 2nd quarter. Rhumbline Advisers now owns 157,401 shares of the real estate investment trust’s stock worth $4,980,000 after purchasing an additional 5,040 shares in the last quarter. Institutional investors own 98.86% of the company’s stock.
Chesapeake Lodging Trust Company Profile
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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