Wall Street brokerages expect that Chesapeake Lodging Trust (NYSE:CHSP) will post $164.69 million in sales for the current quarter, according to Zacks. Seven analysts have made estimates for Chesapeake Lodging Trust’s earnings. The lowest sales estimate is $161.96 million and the highest is $167.60 million. Chesapeake Lodging Trust reported sales of $163.29 million during the same quarter last year, which indicates a positive year over year growth rate of 0.9%. The firm is scheduled to issue its next quarterly earnings results on Friday, July 26th.
According to Zacks, analysts expect that Chesapeake Lodging Trust will report full year sales of $609.46 million for the current financial year, with estimates ranging from $604.96 million to $617.80 million. For the next fiscal year, analysts expect that the firm will report sales of $623.67 million, with estimates ranging from $617.43 million to $628.41 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Chesapeake Lodging Trust.
Chesapeake Lodging Trust (NYSE:CHSP) last released its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.14 earnings per share (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 the consensus estimate of $134.00 million. Chesapeake Lodging Trust had a return on equity of 6.25% and a net margin of 16.56%. The business’s revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.43 EPS.
Several hedge funds have recently modified their holdings of CHSP. CWM Advisors LLC purchased a new position in Chesapeake Lodging Trust during the second quarter worth approximately $208,000. Oregon Public Employees Retirement Fund increased its holdings in shares of Chesapeake Lodging Trust by 1.7% in the second quarter. Oregon Public Employees Retirement Fund now owns 23,791 shares of the real estate investment trust’s stock valued at $676,000 after purchasing an additional 400 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Chesapeake Lodging Trust by 35.6% in the second quarter. Nisa Investment Advisors LLC now owns 8,977 shares of the real estate investment trust’s stock valued at $255,000 after purchasing an additional 2,357 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Chesapeake Lodging Trust in the second quarter valued at approximately $201,000. Finally, First Trust Advisors LP increased its holdings in shares of Chesapeake Lodging Trust by 15.3% in the first quarter. First Trust Advisors LP now owns 200,824 shares of the real estate investment trust’s stock valued at $5,585,000 after purchasing an additional 26,626 shares during the last quarter. Institutional investors and hedge funds own 97.81% of the company’s stock.
Shares of Chesapeake Lodging Trust stock traded down $0.37 on Wednesday, reaching $27.47. The company had a trading volume of 177,394 shares, compared to its average volume of 369,514. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 11.74, a price-to-earnings-growth ratio of 2.29 and a beta of 0.98. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.79. The firm’s 50-day simple moving average is $28.45. Chesapeake Lodging Trust has a 1 year low of $23.68 and a 1 year high of $33.81.
The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 5.82%. The ex-dividend date was Thursday, June 27th. Chesapeake Lodging Trust’s dividend payout ratio is 68.38%.
About Chesapeake Lodging Trust
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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