Wall Street brokerages expect Chesapeake Lodging Trust (NYSE:CHSP) to post sales of $159.60 million for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Chesapeake Lodging Trust’s earnings, with the lowest sales estimate coming in at $157.76 million and the highest estimate coming in at $162.12 million. Chesapeake Lodging Trust reported sales of $164.53 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 3%. The company is expected to announce its next quarterly earnings report on Tuesday, November 7th.

On average, analysts expect that Chesapeake Lodging Trust will report full-year sales of $159.60 million for the current financial year, with estimates ranging from $601.74 million to $610.11 million. For the next financial year, analysts anticipate that the company will post sales of $622.72 million per share, with estimates ranging from $618.53 million to $626.69 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Chesapeake Lodging Trust.

Chesapeake Lodging Trust (NYSE:CHSP) last posted its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.02. Chesapeake Lodging Trust had a return on equity of 5.53% and a net margin of 10.77%. The business had revenue of $162.50 million for the quarter, compared to analysts’ expectations of $161.41 million. During the same quarter last year, the firm earned $0.75 earnings per share. The business’s revenue was down 4.1% on a year-over-year basis.

Several analysts have issued reports on CHSP shares. BidaskClub raised shares of Chesapeake Lodging Trust from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. Deutsche Bank AG reissued a “hold” rating and set a $22.00 target price (up from $21.00) on shares of Chesapeake Lodging Trust in a research note on Tuesday, July 18th. Robert W. Baird reissued an “outperform” rating and set a $27.00 target price (up from $26.00) on shares of Chesapeake Lodging Trust in a research note on Friday, June 16th. Zacks Investment Research raised shares of Chesapeake Lodging Trust from a “sell” rating to a “hold” rating in a research note on Thursday, April 27th. Finally, TheStreet raised shares of Chesapeake Lodging Trust from a “c+” rating to a “b” rating in a research note on Friday, August 4th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Chesapeake Lodging Trust has a consensus rating of “Hold” and an average target price of $25.20.

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Chesapeake Lodging Trust by 1.4% in the first quarter. Vanguard Group Inc. now owns 9,753,885 shares of the real estate investment trust’s stock valued at $233,703,000 after buying an additional 131,144 shares during the period. BlackRock Inc. increased its stake in shares of Chesapeake Lodging Trust by 9,194.7% in the first quarter. BlackRock Inc. now owns 8,553,639 shares of the real estate investment trust’s stock valued at $204,947,000 after buying an additional 8,461,612 shares during the period. Morgan Stanley increased its stake in shares of Chesapeake Lodging Trust by 31.2% in the first quarter. Morgan Stanley now owns 3,579,698 shares of the real estate investment trust’s stock valued at $85,770,000 after buying an additional 851,341 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Chesapeake Lodging Trust by 29.1% in the second quarter. Bank of New York Mellon Corp now owns 2,723,171 shares of the real estate investment trust’s stock valued at $66,637,000 after buying an additional 614,111 shares during the period. Finally, State Street Corp increased its stake in shares of Chesapeake Lodging Trust by 2.0% in the second quarter. State Street Corp now owns 2,325,547 shares of the real estate investment trust’s stock valued at $56,906,000 after buying an additional 46,045 shares during the period. 99.16% of the stock is currently owned by institutional investors.

Shares of Chesapeake Lodging Trust (NYSE CHSP) opened at 25.31 on Thursday. The firm has a market cap of $1.49 billion, a PE ratio of 25.88 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 stock’s 50 day moving average price is $24.92 and its 200 day moving average price is $24.33.

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About Chesapeake Lodging Trust

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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