Chesapeake Lodging Trust (CHSP) Declares Quarterly Dividend of $0.30
Chesapeake Lodging Trust (NASDAQ:CHSP) declared a quarterly dividend on Friday, May 16th, American Banking News.com reports. Shareholders of record on Monday, June 30th will be given a dividend of 0.30 per share on Tuesday, July 15th. This represents a $1.20 dividend on an annualized basis and a yield of 4.31%.
A number of analysts have recently weighed in on CHSP shares. Analysts at FBR Capital Markets reiterated an “outperform” rating on shares of Chesapeake Lodging Trust in a research note on Thursday, May 1st. They now have a $30.00 price target on the stock. On the ratings front, analysts at SunTrust downgraded shares of Chesapeake Lodging Trust from a “buy” rating to a “neutral” rating in a research note on Friday, February 21st. Finally, analysts at RBC Capital raised their price target on shares of Chesapeake Lodging Trust from $26.00 to $28.00 in a research note on Friday, February 21st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Chesapeake Lodging Trust has an average rating of “Buy” and an average target price of $27.90.
Chesapeake Lodging Trust (NASDAQ:CHSP) traded up 0.22% during mid-day trading on Friday, hitting $27.92. The stock had a trading volume of 117,376 shares. Chesapeake Lodging Trust has a 52 week low of $19.85 and a 52 week high of $29.45. The stock has a 50-day moving average of $26.78 and a 200-day moving average of $25.23. The company has a market cap of $1.367 billion and a P/E ratio of 33.77.
Chesapeake Lodging Trust (NASDAQ:CHSP) last announced its earnings results on Wednesday, April 30th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.03. The company had revenue of $94.80 million for the quarter, compared to the consensus estimate of $92.98 million. During the same quarter in the previous year, the company posted ($0.11) earnings per share. On average, analysts predict that Chesapeake Lodging Trust will post $0.90 earnings per share for the current fiscal year.
Chesapeake Lodging Trust (NASDAQ:CHSP) is a self-advised real estate investment trust (REIT).
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