Wall Street analysts expect Chesapeake Lodging Trust (NYSE:CHSP) to post earnings of $0.66 per share for the current quarter, according to Zacks. Six analysts have made estimates for Chesapeake Lodging Trust’s earnings, with estimates ranging from $0.65 to $0.69. Chesapeake Lodging Trust posted earnings per share of $0.64 in the same quarter last year, which suggests a positive year-over-year growth rate of 3.1%. The firm is scheduled to report its next quarterly earnings results on Thursday, November 1st.
According to Zacks, analysts expect that Chesapeake Lodging Trust will report full year earnings of $2.35 per share for the current year, with EPS estimates ranging from $2.31 to $2.38. For the next financial year, analysts expect that the firm will report earnings of $2.52 per share, with EPS estimates ranging from $2.44 to $2.59. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Chesapeake Lodging Trust.
Chesapeake Lodging Trust (NYSE:CHSP) last announced its earnings results on Friday, July 27th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.72. The business had revenue of $163.30 million for the quarter, compared to analyst estimates of $165.62 million. Chesapeake Lodging Trust had a net margin of 12.84% and a return on equity of 7.39%. The company’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period last year, the firm posted $0.65 earnings per share.
A number of equities analysts have recently issued reports on the stock. Robert W. Baird raised their target price on shares of Chesapeake Lodging Trust from $30.00 to $31.00 and gave the stock a “neutral” rating in a research report on Monday, July 30th. Royal Bank of Canada reaffirmed a “hold” rating and set a $30.00 price target on shares of Chesapeake Lodging Trust in a report on Monday, July 30th. Finally, Zacks Investment Research downgraded Chesapeake Lodging Trust from a “hold” rating to a “sell” rating in a report on Tuesday, July 31st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $28.72.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. lifted its holdings in shares of Chesapeake Lodging Trust by 6.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 813,139 shares of the real estate investment trust’s stock worth $22,614,000 after purchasing an additional 51,240 shares during the period. Prudential Financial Inc. lifted its holdings in shares of Chesapeake Lodging Trust by 5.8% during the first quarter. Prudential Financial Inc. now owns 788,878 shares of the real estate investment trust’s stock worth $21,939,000 after purchasing an additional 43,403 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Chesapeake Lodging Trust by 10.9% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 63,520 shares of the real estate investment trust’s stock worth $2,010,000 after purchasing an additional 6,220 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Chesapeake Lodging Trust by 2.3% during the first quarter. Principal Financial Group Inc. now owns 471,283 shares of the real estate investment trust’s stock worth $13,106,000 after purchasing an additional 10,698 shares during the period. Finally, Swiss National Bank lifted its holdings in shares of Chesapeake Lodging Trust by 2.1% during the first quarter. Swiss National Bank now owns 104,600 shares of the real estate investment trust’s stock worth $2,909,000 after purchasing an additional 2,200 shares during the period. 97.62% of the stock is owned by hedge funds and other institutional investors.
Shares of CHSP traded up $0.04 during mid-day trading on Friday, reaching $33.27. 5,360 shares of the company’s stock were exchanged, compared to its average volume of 199,450. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.80. The firm has a market cap of $2.01 billion, a PE ratio of 15.31, a price-to-earnings-growth ratio of 2.84 and a beta of 0.90. Chesapeake Lodging Trust has a 52-week low of $24.98 and a 52-week high of $33.46.
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. The Trust owns 20 hotels with an aggregate of 6,279 rooms in eight states and the District of Columbia.
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