Brokerages expect Chesapeake Lodging Trust (NYSE:CHSP) to post sales of $146.54 million for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Chesapeake Lodging Trust’s earnings. The lowest sales estimate is $140.80 million and the highest is $151.31 million. Chesapeake Lodging Trust reported sales of $145.13 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 1%. The firm is expected to report its next quarterly earnings results on Wednesday, February 28th.

According to Zacks, analysts expect that Chesapeake Lodging Trust will report full year sales of $146.54 million for the current fiscal year, with estimates ranging from $596.50 million to $610.11 million. For the next year, analysts forecast that the business will report sales of $618.04 million per share, with estimates ranging from $607.57 million to $623.89 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Chesapeake Lodging Trust.

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

Several research analysts have recently weighed in on CHSP shares. Robert W. Baird set a $27.00 price objective on shares of Chesapeake Lodging Trust and gave the stock a “buy” rating in a report on Friday, August 25th. Janney Montgomery Scott upgraded shares of Chesapeake Lodging Trust from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $25.00 to $32.00 in a report on Wednesday, September 27th. BidaskClub upgraded shares of Chesapeake Lodging Trust from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 28th. Deutsche Bank AG reiterated a “hold” rating and set a $22.00 price objective (up from $21.00) on shares of Chesapeake Lodging Trust in a report on Tuesday, July 18th. Finally, KeyCorp reiterated a “hold” rating on shares of Chesapeake Lodging Trust in a report on Sunday, September 24th. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $26.67.

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Shares of Chesapeake Lodging Trust (NYSE CHSP) traded down $0.30 during mid-day trading on Tuesday, hitting $27.85. 559,469 shares of the stock traded hands, compared to its average volume of 464,613. The stock has a market cap of $1,700.00, a price-to-earnings ratio of 12.89, a P/E/G ratio of 2.54 and a beta of 1.09. Chesapeake Lodging Trust has a 1-year low of $21.47 and a 1-year high of $28.77. 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 firm also recently announced a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 5.75%. The ex-dividend date was Thursday, September 28th. Chesapeake Lodging Trust’s dividend payout ratio (DPR) is presently 195.12%.

A number of institutional investors and hedge funds have recently bought and sold shares of CHSP. UBS Asset Management Americas Inc. increased its position in Chesapeake Lodging Trust by 22.9% during the 1st quarter. UBS Asset Management Americas Inc. now owns 114,856 shares of the real estate investment trust’s stock worth $2,752,000 after purchasing an additional 21,403 shares in the last quarter. OppenheimerFunds Inc. increased its position in Chesapeake Lodging Trust by 36.3% during the 1st quarter. OppenheimerFunds Inc. now owns 20,218 shares of the real estate investment trust’s stock worth $484,000 after purchasing an additional 5,382 shares in the last quarter. Principal Financial Group Inc. increased its position in Chesapeake Lodging Trust by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 468,311 shares of the real estate investment trust’s stock worth $11,220,000 after purchasing an additional 10,895 shares in the last quarter. Teachers Advisors LLC increased its position in Chesapeake Lodging Trust by 2.5% during the 1st quarter. Teachers Advisors LLC now owns 103,393 shares of the real estate investment trust’s stock worth $2,477,000 after purchasing an additional 2,480 shares in the last quarter. Finally, TIAA CREF Investment Management LLC increased its position in Chesapeake Lodging Trust by 7.4% during the 1st quarter. TIAA CREF Investment Management LLC now owns 288,636 shares of the real estate investment trust’s stock worth $6,916,000 after purchasing an additional 19,778 shares in the last quarter. 98.29% of the stock is owned by hedge funds and other institutional investors.

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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