Wall Street brokerages expect that Chesapeake Lodging Trust (NYSE:CHSP) will post sales of $159.45 million for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Chesapeake Lodging Trust’s earnings, with the highest sales estimate coming in at $162.12 million and the lowest estimate coming in at $157.60 million. Chesapeake Lodging Trust reported sales of $164.53 million during the same quarter last year, which indicates a negative year over year growth rate of 3.1%. The business is expected to issue its next quarterly earnings results before the market opens on Thursday, November 2nd.

According to Zacks, analysts expect that Chesapeake Lodging Trust will report full year sales of $159.45 million for the current year, with estimates ranging from $601.74 million to $610.11 million. For the next fiscal year, analysts anticipate that the business will report sales of $623.20 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 sell-side research firms that cover Chesapeake Lodging Trust.

Chesapeake Lodging Trust (NYSE:CHSP) last announced its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.02. The company had revenue of $162.50 million during the quarter, compared to the consensus estimate of $161.41 million. Chesapeake Lodging Trust had a net margin of 10.77% and a return on equity of 5.53%. The firm’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.75 earnings per share.

Several research analysts recently commented on the stock. Robert W. Baird set a $27.00 price objective on shares of Chesapeake Lodging Trust and gave the stock a “buy” rating in a research note on Sunday, October 1st. BidaskClub upgraded shares of Chesapeake Lodging Trust from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 28th. Janney Montgomery Scott upgraded shares of Chesapeake Lodging Trust from a “neutral” rating to a “buy” rating and upped their price target for the company from $25.00 to $32.00 in a research note on Wednesday, September 27th. KeyCorp restated a “hold” rating on shares of Chesapeake Lodging Trust in a research note on Sunday, September 24th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $25.00 price target on shares of Chesapeake Lodging Trust in a research note on Friday, September 22nd. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $27.20.

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Several hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio boosted its holdings in shares of Chesapeake Lodging Trust by 51.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 105,644 shares of the real estate investment trust’s stock valued at $2,585,000 after acquiring an additional 36,022 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new stake in shares of Chesapeake Lodging Trust in the 2nd quarter valued at $318,000. State Street Corp boosted its holdings in shares of Chesapeake Lodging Trust by 2.0% in the 2nd quarter. State Street Corp now owns 2,325,547 shares of the real estate investment trust’s stock valued at $56,906,000 after acquiring an additional 46,045 shares during the last quarter. Flinton Capital Management LLC boosted its holdings in shares of Chesapeake Lodging Trust by 78.4% in the 2nd quarter. Flinton Capital Management LLC now owns 5,796 shares of the real estate investment trust’s stock valued at $142,000 after acquiring an additional 2,548 shares during the last quarter. Finally, Voya Investment Management LLC boosted its holdings in shares of Chesapeake Lodging Trust by 3.2% in the 2nd quarter. Voya Investment Management LLC now owns 67,454 shares of the real estate investment trust’s stock valued at $1,651,000 after acquiring an additional 2,110 shares during the last quarter. 98.54% of the stock is currently owned by institutional investors and hedge funds.

Shares of Chesapeake Lodging Trust (NYSE:CHSP) opened at 28.15 on Thursday. The company has a market cap of $1.66 billion, a P/E ratio of 28.78 and a beta of 1.11. The company’s 50 day moving average is $26.12 and its 200 day moving average is $24.72. Chesapeake Lodging Trust has a 12 month low of $20.81 and a 12 month high of $28.20.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 5.68%. The ex-dividend date of this dividend is Thursday, September 28th. Chesapeake Lodging Trust’s dividend payout ratio (DPR) is currently 164.95%.

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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