Chesapeake Lodging Trust (CHSP) Expected to Announce Earnings of $0.50 Per Share

Equities analysts predict that Chesapeake Lodging Trust (NYSE:CHSP) will announce $0.50 earnings per share for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Chesapeake Lodging Trust’s earnings, with the highest EPS estimate coming in at $0.52 and the lowest estimate coming in at $0.49. Chesapeake Lodging Trust reported earnings of $0.48 per share in the same quarter last year, which indicates a positive year over year growth rate of 4.2%. The firm is expected to report its next earnings results after the market closes on Thursday, February 15th.

According to Zacks, analysts expect that Chesapeake Lodging Trust will report full-year earnings of $2.19 per share for the current year, with EPS estimates ranging from $2.19 to $2.21. For the next year, analysts anticipate that the business will report earnings of $2.38 per share, with EPS estimates ranging from $2.34 to $2.45. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Chesapeake Lodging Trust.

Several brokerages have recently issued reports on CHSP. Zacks Investment Research raised shares of Chesapeake Lodging Trust from a “sell” rating to a “hold” rating in a report on Tuesday, January 2nd. JPMorgan Chase & Co. lowered shares of Chesapeake Lodging Trust from a “neutral” rating to an “underweight” rating in a research note on Thursday, November 16th. Robert W. Baird reaffirmed a “buy” rating and issued a $27.00 target price on shares of Chesapeake Lodging Trust in a research note on Sunday, November 5th. SunTrust Banks reaffirmed a “hold” rating and issued a $23.00 target price on shares of Chesapeake Lodging Trust in a research note on Tuesday, October 17th. Finally, Deutsche Bank boosted their price target on shares of Chesapeake Lodging Trust from $23.00 to $26.00 and gave the stock a “hold” rating in a research report on Friday. One investment 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 company’s stock. The company has a consensus rating of “Hold” and an average target price of $27.83.

Shares of Chesapeake Lodging Trust (NYSE CHSP) opened at $26.33 on Tuesday. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.84. Chesapeake Lodging Trust has a fifty-two week low of $22.55 and a fifty-two week high of $29.36. The company has a market cap of $1,603.87, a price-to-earnings ratio of 32.51, a price-to-earnings-growth ratio of 2.24 and a beta of 1.08.

In other Chesapeake Lodging Trust news, Director Jeffrey D. Nuechterlein sold 6,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $28.68, for a total transaction of $172,080.00. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.50% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Invictus RG bought a new stake in shares of Chesapeake Lodging Trust in the 3rd quarter valued at about $139,000. Flinton Capital Management LLC raised its holdings in shares of Chesapeake Lodging Trust by 78.4% in the 2nd quarter. Flinton Capital Management LLC now owns 5,796 shares of the real estate investment trust’s stock valued at $142,000 after purchasing an additional 2,548 shares during the period. FNY Managed Accounts LLC bought a new stake in shares of Chesapeake Lodging Trust in the 3rd quarter valued at about $161,000. Acadian Asset Management LLC bought a new stake in shares of Chesapeake Lodging Trust in the 4th quarter valued at about $200,000. Finally, Amalgamated Bank bought a new stake in shares of Chesapeake Lodging Trust in the 3rd quarter valued at about $216,000. 98.58% of the stock is currently owned by institutional investors.

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Chesapeake Lodging Trust Company Profile

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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