Equities analysts expect Chesapeake Lodging Trust (NYSE:CHSP) to report sales of $159.45 million for the current quarter, Zacks reports. Six analysts have made 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 posted sales of $164.53 million in the same quarter last year, which suggests a negative year over year growth rate of 3.1%. The company is expected to issue its next earnings report before the market opens on Thursday, November 2nd.

On average, 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 financial year, analysts anticipate that the business will post sales of $623.27 million per share, with estimates ranging from $618.53 million to $626.69 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Chesapeake Lodging Trust.

Chesapeake Lodging Trust (NYSE:CHSP) last announced its earnings results 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. The business had revenue of $162.50 million for the quarter, compared to analysts’ expectations of $161.41 million. Chesapeake Lodging Trust had a return on equity of 5.53% and a net margin of 10.77%. The business’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same period last year, the firm posted $0.75 earnings per share.

Several analysts have weighed in on CHSP shares. Robert W. Baird set a $27.00 price target on Chesapeake Lodging Trust and gave the company a “buy” rating in a research note on Friday, August 25th. Janney Montgomery Scott upgraded Chesapeake Lodging Trust from a “neutral” rating to a “buy” rating and boosted their price target for the company from $25.00 to $32.00 in a research note on Wednesday, September 27th. BidaskClub upgraded Chesapeake Lodging Trust from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 28th. Deutsche Bank AG reiterated a “hold” rating and set a $22.00 price target (up previously from $21.00) on shares of Chesapeake Lodging Trust in a research note on Tuesday, July 18th. Finally, KeyCorp reiterated a “hold” rating on shares of Chesapeake Lodging Trust in a research note on Sunday, September 24th. Four research analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $26.50.

Chesapeake Lodging Trust (NYSE:CHSP) opened at 27.70 on Tuesday. The firm has a 50-day moving average price of $27.10 and a 200 day moving average price of $25.16. The stock has a market capitalization of $1.64 billion, a PE ratio of 28.32 and a beta of 1.11. Chesapeake Lodging Trust has a 12 month low of $20.81 and a 12 month high of $28.77.

The company also recently declared a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, September 28th. This represents a $1.60 annualized dividend and a yield of 5.78%. Chesapeake Lodging Trust’s payout ratio is presently 164.95%.

A number of institutional investors have recently bought and sold shares of CHSP. Vanguard Group Inc. boosted 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 worth $233,703,000 after buying an additional 131,144 shares during the last quarter. BlackRock Inc. boosted 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 worth $204,947,000 after buying an additional 8,461,612 shares during the last quarter. Bank of New York Mellon Corp boosted 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 worth $66,637,000 after buying an additional 614,111 shares during the last quarter. State Street Corp boosted 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 worth $56,906,000 after buying an additional 46,045 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Chesapeake Lodging Trust by 27.0% in the second quarter. Northern Trust Corp now owns 2,239,578 shares of the real estate investment trust’s stock worth $54,803,000 after buying an additional 476,562 shares during the last quarter. Institutional investors and hedge funds own 97.99% of the company’s stock.

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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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