Chesapeake Lodging Trust (CHSP) Expected to Post Quarterly Sales of $143.50 Million

Brokerages forecast that Chesapeake Lodging Trust (NYSE:CHSP) will post $143.50 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Chesapeake Lodging Trust’s earnings, with estimates ranging from $140.80 million to $146.89 million. Chesapeake Lodging Trust posted sales of $145.13 million during the same quarter last year, which suggests a negative year over year growth rate of 1.1%. The company is expected to report its next earnings report after the market closes on Thursday, February 15th.

On average, analysts expect that Chesapeake Lodging Trust will report full-year sales of $143.50 million for the current financial year, with estimates ranging from $596.50 million to $602.50 million. For the next fiscal year, analysts expect that the firm will report sales of $606.56 million per share, with estimates ranging from $600.35 million to $613.73 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Chesapeake Lodging Trust.

Chesapeake Lodging Trust (NYSE:CHSP) last issued its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.64 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.01). Chesapeake Lodging Trust had a net margin of 9.71% and a return on equity of 5.11%. The firm had revenue of $158.28 million during the quarter, compared to analysts’ expectations of $159.18 million. During the same quarter in the prior year, the firm posted $0.71 EPS. Chesapeake Lodging Trust’s quarterly revenue was down 3.8% compared to the same quarter last year.

CHSP has been the topic of a number of recent research reports. Robert W. Baird set a $30.00 target price on Chesapeake Lodging Trust and gave the company a “buy” rating in a report on Friday, December 1st. JPMorgan Chase & Co. lowered Chesapeake Lodging Trust from a “neutral” rating to an “underweight” rating in a report on Thursday, November 16th. Zacks Investment Research raised Chesapeake Lodging Trust from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Thursday, November 2nd. Finally, SunTrust Banks reissued a “hold” rating and issued a $23.00 target price on shares of Chesapeake Lodging Trust in a report on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Chesapeake Lodging Trust currently has an average rating of “Hold” and an average price target of $27.17.

Shares of Chesapeake Lodging Trust (NYSE CHSP) opened at $27.79 on Monday. The firm has a market capitalization of $1,670.60, a P/E ratio of 12.75, a price-to-earnings-growth ratio of 2.33 and a beta of 1.10. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.84. Chesapeake Lodging Trust has a 52 week low of $22.55 and a 52 week high of $29.36.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 29th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 5.76%. The ex-dividend date was Thursday, December 28th. Chesapeake Lodging Trust’s dividend payout ratio is presently 197.53%.

In related news, Director Jeffrey D. Nuechterlein sold 6,000 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $28.68, for a total transaction of $172,080.00. Following the transaction, the director now owns 19,485 shares of the company’s stock, valued at $558,829.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.50% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Invictus RG acquired a new stake in Chesapeake Lodging Trust in the third quarter valued at $139,000. Flinton Capital Management LLC grew its holdings in Chesapeake Lodging Trust by 78.4% in the second quarter. Flinton Capital Management LLC now owns 5,796 shares of the real estate investment trust’s stock valued at $142,000 after purchasing an additional 2,548 shares during the last quarter. FNY Managed Accounts LLC acquired a new stake in Chesapeake Lodging Trust in the third quarter valued at $161,000. Acadian Asset Management LLC acquired a new stake in Chesapeake Lodging Trust in the fourth quarter valued at $200,000. Finally, Amalgamated Bank acquired a new stake in Chesapeake Lodging Trust in the third quarter valued at $216,000. 99.88% of the stock is currently owned by institutional investors.

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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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