Chesapeake Lodging Trust (CHSP) Expected to Announce Earnings of $0.74 Per Share
Analysts expect that Chesapeake Lodging Trust (NYSE:CHSP) will report earnings of $0.74 per share for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for Chesapeake Lodging Trust’s earnings, with the lowest EPS estimate coming in at $0.72 and the highest estimate coming in at $0.76. Chesapeake Lodging Trust posted earnings per share of $0.72 in the same quarter last year, which suggests a positive year over year growth rate of 2.8%. The firm is scheduled to report its next earnings results on Friday, July 26th.
On average, analysts expect that Chesapeake Lodging Trust will report full year earnings of $2.43 per share for the current year, with EPS estimates ranging from $2.41 to $2.46. For the next fiscal year, analysts expect that the firm will post earnings of $2.49 per share, with EPS estimates ranging from $2.42 to $2.58. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that cover Chesapeake Lodging Trust.
Chesapeake Lodging Trust (NYSE:CHSP) last released its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.30). The firm had revenue of $133.70 million during the quarter, compared to analyst estimates of $134.00 million. Chesapeake Lodging Trust had a net margin of 16.56% and a return on equity of 6.25%. Chesapeake Lodging Trust’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.43 earnings per share.
In other Chesapeake Lodging Trust news, Director Jeffrey D. Nuechterlein bought 1,500 shares of the firm’s stock in a transaction that occurred on Friday, February 22nd. The stock was bought at an average price of $30.11 per share, for a total transaction of $45,165.00. Following the completion of the acquisition, the director now directly owns 14,654 shares in the company, valued at $441,231.94. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.60% of the stock is owned by corporate insiders.
Several institutional investors have recently made changes to their positions in CHSP. Eii Capital Management Inc. raised its stake in shares of Chesapeake Lodging Trust by 5.6% during the fourth quarter. Eii Capital Management Inc. now owns 7,390 shares of the real estate investment trust’s stock worth $180,000 after buying an additional 395 shares during the last quarter. ClariVest Asset Management LLC increased its position in Chesapeake Lodging Trust by 0.9% during the fourth quarter. ClariVest Asset Management LLC now owns 46,400 shares of the real estate investment trust’s stock worth $1,130,000 after acquiring an additional 400 shares during the period. State of Alaska Department of Revenue increased its position in Chesapeake Lodging Trust by 1.0% during the first quarter. State of Alaska Department of Revenue now owns 39,951 shares of the real estate investment trust’s stock worth $1,109,000 after acquiring an additional 412 shares during the period. Oregon Public Employees Retirement Fund increased its position in Chesapeake Lodging Trust by 1.8% during the first quarter. Oregon Public Employees Retirement Fund now owns 23,391 shares of the real estate investment trust’s stock worth $651,000 after acquiring an additional 423 shares during the period. Finally, Piedmont Investment Advisors Inc. increased its position in Chesapeake Lodging Trust by 3.3% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 14,353 shares of the real estate investment trust’s stock worth $349,000 after acquiring an additional 465 shares during the period. Institutional investors own 99.00% of the company’s stock.
NYSE:CHSP traded up $0.25 on Tuesday, reaching $30.23. The stock had a trading volume of 481,736 shares, compared to its average volume of 388,309. The firm has a market cap of $1.86 billion, a PE ratio of 12.92, a price-to-earnings-growth ratio of 2.52 and a beta of 1.14. Chesapeake Lodging Trust has a 1-year low of $23.68 and a 1-year high of $33.81. The company has a quick ratio of 1.67, a current ratio of 1.55 and a debt-to-equity ratio of 0.79.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.29%. The ex-dividend date was Thursday, March 28th. Chesapeake Lodging Trust’s dividend payout ratio (DPR) is presently 68.38%.
Chesapeake Lodging Trust Company Profile
Chesapeake Lodging Trust is a self-advised lodging real estate investment trust (REIT) focused on investments primarily in upper-upscale hotels in major business and convention markets and, on a selective basis, premium select-service hotels in urban settings or unique locations in the United States.
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