Chesapeake Lodging Trust (CHSP) to Release Earnings on Wednesday
Chesapeake Lodging Trust (NYSE:CHSP) will be releasing its earnings data before the market opens on Wednesday, August 2nd. Analysts expect Chesapeake Lodging Trust to post earnings of $0.63 per share for the quarter.
Chesapeake Lodging Trust (NYSE:CHSP) last released its quarterly earnings data on Tuesday, April 25th. The real estate investment trust reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.05. The firm had revenue of $134.90 million for the quarter, compared to the consensus estimate of $132.06 million. Chesapeake Lodging Trust had a net margin of 11.77% and a return on equity of 6.07%. The firm’s revenue was down 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.44 earnings per share. On average, analysts expect Chesapeake Lodging Trust to post $2.18 EPS for the current fiscal year and $2.31 EPS for the next fiscal year.
Shares of Chesapeake Lodging Trust (CHSP) opened at 24.60 on Thursday. The stock has a market cap of $1.45 billion, a P/E ratio of 22.61 and a beta of 1.13. Chesapeake Lodging Trust has a 12-month low of $20.81 and a 12-month high of $27.08. The company’s 50-day moving average is $24.80 and its 200-day moving average is $24.38.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 6.52%. The ex-dividend date was Wednesday, June 28th. Chesapeake Lodging Trust’s payout ratio is presently 146.79%.
A number of research firms have recently commented on CHSP. TheStreet lowered shares of Chesapeake Lodging Trust from a “b-” rating to a “c+” rating in a research report on Tuesday, May 30th. Zacks Investment Research raised shares of Chesapeake Lodging Trust from a “sell” rating to a “hold” rating in a research report on Thursday, April 27th. BidaskClub raised shares of Chesapeake Lodging Trust from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. Robert W. Baird reissued an “outperform” rating and issued a $27.00 price target (up previously from $26.00) on shares of Chesapeake Lodging Trust in a research report on Friday, June 16th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $22.00 price target (up previously from $21.00) on shares of Chesapeake Lodging Trust in a research report on Tuesday, July 18th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $25.25.
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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