Brokerages Expect Chesapeake Lodging Trust (CHSP) Will Post Earnings of $0.50 Per Share

Equities analysts expect Chesapeake Lodging Trust (NYSE:CHSP) to announce earnings per share (EPS) of $0.50 for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Chesapeake Lodging Trust’s earnings, with the highest EPS estimate coming in at $0.52 and the lowest estimate coming in at $0.49. Chesapeake Lodging Trust posted earnings per share of $0.48 in the same quarter last year, which suggests a positive year over year growth rate of 4.2%. The firm is expected to issue its next earnings report after the market closes on Thursday, February 15th.

According to Zacks, analysts expect that Chesapeake Lodging Trust will report full-year earnings of $2.19 per share for the current fiscal year, with EPS estimates ranging from $2.19 to $2.21. For the next year, analysts expect that the business will report earnings of $2.38 per share, with EPS estimates ranging from $2.34 to $2.45. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Chesapeake Lodging Trust.

A number of brokerages have recently commented on CHSP. Robert W. Baird set a $30.00 price objective on Chesapeake Lodging Trust and gave the company a “buy” rating in a research 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 upgraded Chesapeake Lodging Trust from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a report on Thursday, November 2nd. SunTrust Banks restated a “hold” rating and issued a $23.00 target price on shares of Chesapeake Lodging Trust in a report on Tuesday, October 17th. Finally, Deutsche Bank increased their target price on Chesapeake Lodging Trust from $23.00 to $26.00 and gave the company a “hold” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $27.83.

In other news, Director Jeffrey D. Nuechterlein sold 6,000 shares of Chesapeake Lodging Trust stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $28.68, for a total value of $172,080.00. Following the completion of the transaction, the director now owns 19,485 shares in the company, valued at $558,829.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.50% of the company’s stock.

A number of hedge funds have recently bought and sold shares of CHSP. Invictus RG bought a new position in Chesapeake Lodging Trust in the 3rd quarter worth approximately $139,000. Flinton Capital Management LLC raised its position in 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 worth $142,000 after purchasing an additional 2,548 shares during the last quarter. FNY Managed Accounts LLC bought a new position in Chesapeake Lodging Trust in the 3rd quarter worth approximately $161,000. Acadian Asset Management LLC bought a new position in Chesapeake Lodging Trust in the 4th quarter worth approximately $200,000. Finally, Amalgamated Bank bought a new position in Chesapeake Lodging Trust in the 3rd quarter worth approximately $216,000. Hedge funds and other institutional investors own 98.58% of the company’s stock.

Chesapeake Lodging Trust (NYSE CHSP) opened at $26.33 on Tuesday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.56 and a current ratio of 1.56. The stock has a market capitalization of $1,603.87, a price-to-earnings ratio of 32.51, a price-to-earnings-growth ratio of 2.24 and a beta of 1.08. Chesapeake Lodging Trust has a one year low of $22.55 and a one year high of $29.36.

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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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