Wall Street brokerages predict that Chesapeake Lodging Trust (NYSE:CHSP) will post earnings per share (EPS) of $0.51 for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Chesapeake Lodging Trust’s earnings, with estimates ranging from $0.50 to $0.54. Chesapeake Lodging Trust reported earnings of $0.48 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 6.3%. The firm is scheduled to announce its next earnings report on Thursday, February 21st.
On average, analysts expect that Chesapeake Lodging Trust will report full year earnings of $2.32 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 company will report earnings of $2.51 per share, with EPS estimates ranging from $2.42 to $2.59. Zacks Investment Research’s EPS 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 earnings results on Thursday, November 1st. The real estate investment trust reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ 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 return on equity of 7.47% and a net margin of 18.64%. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period last year, the business earned $0.64 EPS.
Shares of CHSP opened at $29.02 on Wednesday. The stock has a market cap of $1.74 billion, a PE ratio of 13.37, a price-to-earnings-growth ratio of 2.51 and a beta of 0.95. Chesapeake Lodging Trust has a 1 year low of $24.98 and a 1 year high of $33.81. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.75 and a current ratio of 1.75.
In related news, Director Jeffrey D. Nuechterlein sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $29.74, for a total value of $89,220.00. Following the sale, the director now owns 14,154 shares of the company’s stock, valued at $420,939.96. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.60% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of CHSP. Principal Financial Group Inc. raised its holdings in Chesapeake Lodging Trust by 2.3% in the first quarter. Principal Financial Group Inc. now owns 471,283 shares of the real estate investment trust’s stock valued at $13,106,000 after acquiring an additional 10,698 shares in the last quarter. Allianz Asset Management GmbH raised its holdings in Chesapeake Lodging Trust by 228.0% in the first quarter. Allianz Asset Management GmbH now owns 51,518 shares of the real estate investment trust’s stock valued at $1,433,000 after acquiring an additional 35,811 shares in the last quarter. Bank of Montreal Can raised its holdings in Chesapeake Lodging Trust by 516.5% in the second quarter. Bank of Montreal Can now owns 136,304 shares of the real estate investment trust’s stock valued at $4,312,000 after acquiring an additional 114,194 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in Chesapeake Lodging Trust in the second quarter valued at approximately $210,000. Finally, Meeder Asset Management Inc. raised its holdings in Chesapeake Lodging Trust by 368.7% in the second quarter. Meeder Asset Management Inc. now owns 7,077 shares of the real estate investment trust’s stock valued at $224,000 after acquiring an additional 5,567 shares in the last quarter.
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.
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