Wall Street brokerages predict that Chesapeake Lodging Trust (NYSE:CHSP) will announce $0.50 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Chesapeake Lodging Trust’s earnings, with estimates ranging from $0.49 to $0.52. Chesapeake Lodging Trust posted earnings of $0.48 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 4.2%. The business is expected to announce its next quarterly earnings results on Wednesday, February 28th.

According to Zacks, analysts expect that Chesapeake Lodging Trust will report full year earnings of $2.20 per share for the current year, with EPS estimates ranging from $2.19 to $2.21. For the next year, analysts expect that the firm will report earnings of $2.38 per share, with EPS estimates ranging from $2.34 to $2.45. Zacks’ EPS averages 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 issued its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.01). Chesapeake Lodging Trust had a return on equity of 5.11% and a net margin of 9.71%. The company 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 business posted $0.71 EPS. The company’s revenue for the quarter was down 3.8% compared to the same quarter last year.

Several equities analysts recently weighed in on CHSP shares. Zacks Investment Research cut shares of Chesapeake Lodging Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. Royal Bank of Canada reaffirmed a “hold” rating and set a $25.00 target price on shares of Chesapeake Lodging Trust in a research note on Friday, September 22nd. Robert W. Baird set a $30.00 target price on shares of Chesapeake Lodging Trust and gave the company a “buy” rating in a research note on Friday, December 1st. SunTrust Banks reissued a “hold” rating and issued a $23.00 price objective on shares of Chesapeake Lodging Trust in a research note on Tuesday, October 17th. Finally, BidaskClub raised shares of Chesapeake Lodging Trust from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 28th. One analyst has rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $27.17.

In other Chesapeake Lodging Trust news, Director Jeffrey D. Nuechterlein sold 6,000 shares of Chesapeake Lodging Trust stock in a transaction 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 directly owns 19,485 shares of the company’s stock, valued at approximately $558,829.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.50% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC boosted its stake in shares of Chesapeake Lodging Trust by 5.1% during the 2nd quarter. SG Americas Securities LLC now owns 6,666 shares of the real estate investment trust’s stock worth $163,000 after purchasing an additional 325 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Chesapeake Lodging Trust by 9.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,843 shares of the real estate investment trust’s stock worth $119,000 after purchasing an additional 399 shares during the period. UBS Asset Management Americas Inc. boosted its stake in shares of Chesapeake Lodging Trust by 0.4% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 115,325 shares of the real estate investment trust’s stock worth $2,822,000 after purchasing an additional 469 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of Chesapeake Lodging Trust by 2.3% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 62,806 shares of the real estate investment trust’s stock worth $1,537,000 after purchasing an additional 1,410 shares during the period. Finally, Mutual of America Capital Management LLC boosted its stake in shares of Chesapeake Lodging Trust by 0.8% during the 2nd quarter. Mutual of America Capital Management LLC now owns 187,417 shares of the real estate investment trust’s stock worth $4,586,000 after purchasing an additional 1,567 shares during the period. 99.83% of the stock is owned by hedge funds and other institutional investors.

Shares of Chesapeake Lodging Trust (NYSE:CHSP) opened at $27.00 on Wednesday. The company has a market cap of $1,650.00, a price-to-earnings ratio of 32.93, a PEG ratio of 2.27 and a beta of 1.10. Chesapeake Lodging Trust has a 52-week low of $22.55 and a 52-week high of $29.36. 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 disclosed a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be paid a $0.40 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.93%. Chesapeake Lodging Trust’s payout ratio is currently 195.12%.

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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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