Chesapeake Lodging Trust (NYSE:CHSP) – Equities researchers at SunTrust Banks decreased their Q1 2018 earnings per share estimates for shares of Chesapeake Lodging Trust in a research note issued to investors on Thursday, Zacks Investment Research reports. SunTrust Banks analyst P. Scholes now anticipates that the real estate investment trust will post earnings per share of $0.40 for the quarter, down from their previous estimate of $0.45. SunTrust Banks also issued estimates for Chesapeake Lodging Trust’s Q2 2018 earnings at $0.69 EPS, Q4 2018 earnings at $0.68 EPS, FY2018 earnings at $2.42 EPS, Q1 2019 earnings at $0.44 EPS, Q2 2019 earnings at $0.74 EPS, Q3 2019 earnings at $0.70 EPS, Q4 2019 earnings at $0.73 EPS and FY2019 earnings at $2.61 EPS.
Chesapeake Lodging Trust (NYSE:CHSP) last announced its quarterly earnings data on Thursday, February 15th. The real estate investment trust reported $0.48 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.02). Chesapeake Lodging Trust had a net margin of 12.34% and a return on equity of 6.67%. The business had revenue of $142.70 million during the quarter, compared to analyst estimates of $143.85 million. During the same quarter in the prior year, the company earned $0.48 earnings per share. The company’s quarterly revenue was down 1.7% on a year-over-year basis.
Several other brokerages have also weighed in on CHSP. Zacks Investment Research lowered shares of Chesapeake Lodging Trust from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. Janney Montgomery Scott cut their target price on shares of Chesapeake Lodging Trust from $32.00 to $26.32 and set a “fair value” rating on the stock in a report on Friday, February 16th. Deutsche Bank increased their target price on shares of Chesapeake Lodging Trust from $23.00 to $26.00 and gave the stock a “hold” rating in a report on Friday, February 9th. Robert W. Baird set a $30.00 target price on shares of Chesapeake Lodging Trust and gave the stock a “buy” rating in a report on Friday, December 1st. Finally, JPMorgan Chase & Co. lowered shares of Chesapeake Lodging Trust from a “neutral” rating to an “underweight” rating in a report on Thursday, November 16th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. Chesapeake Lodging Trust currently has a consensus rating of “Hold” and a consensus price target of $26.72.
Shares of Chesapeake Lodging Trust (NYSE CHSP) remained flat at $$27.04 during midday trading on Monday. 316,228 shares of the company were exchanged, compared to its average volume of 279,823. Chesapeake Lodging Trust has a twelve month low of $22.55 and a twelve month high of $29.36. The firm has a market capitalization of $1,632.08, a price-to-earnings ratio of 24.36, a price-to-earnings-growth ratio of 2.27 and a beta of 1.09. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.79.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Thursday, March 29th will be issued a $0.40 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $1.60 annualized dividend and a yield of 5.92%. Chesapeake Lodging Trust’s dividend payout ratio (DPR) is presently 144.14%.
Institutional investors and hedge funds have recently bought and sold shares of the business. Invictus RG bought a new stake in shares of Chesapeake Lodging Trust during the third quarter worth $139,000. FNY Managed Accounts LLC bought a new stake in shares of Chesapeake Lodging Trust during the third quarter worth $161,000. Elkfork Partners LLC bought a new stake in shares of Chesapeake Lodging Trust during the fourth quarter worth $191,000. Acadian Asset Management LLC bought a new stake in shares of Chesapeake Lodging Trust during the fourth quarter worth $200,000. Finally, Amalgamated Bank bought a new stake in shares of Chesapeake Lodging Trust during the third quarter worth $216,000. Institutional investors own 95.90% of the company’s stock.
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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