Chesapeake Lodging Trust (CHSP) Releases Q4 Earnings Guidance
Chesapeake Lodging Trust (NYSE:CHSP) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share guidance of $0.47-0.51 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.52.
Several research firms have weighed in on CHSP. SunTrust Banks, Inc. restated a hold rating and issued a $23.00 price objective on shares of Chesapeake Lodging Trust in a research report on Tuesday, October 17th. Zacks Investment Research cut shares of Chesapeake Lodging Trust from a buy rating to a hold rating in a research report on Wednesday. BidaskClub raised shares of Chesapeake Lodging Trust from a buy rating to a strong-buy rating in a research note on Thursday, September 28th. Robert W. Baird set a $27.00 target price on shares of Chesapeake Lodging Trust and gave the company a buy rating in a research note on Sunday, October 1st. Finally, Janney Montgomery Scott raised shares of Chesapeake Lodging Trust from a neutral rating to a buy rating and raised their target price for the company from $25.00 to $32.00 in a research note on Wednesday, September 27th. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Buy and an average target price of $26.50.
Chesapeake Lodging Trust (NYSE:CHSP) last announced its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.38. Chesapeake Lodging Trust had a return on equity of 5.53% and a net margin of 10.77%. The business had revenue of $158.28 million for the quarter, compared to analysts’ expectations of $159.18 million. During the same period in the prior year, the business posted $0.71 earnings per share. The firm’s revenue was down 3.8% on a year-over-year basis.
The business also recently announced a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 5.73%. The ex-dividend date was Thursday, September 28th. Chesapeake Lodging Trust’s payout ratio is presently 164.95%.
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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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