Chesapeake Lodging Trust (CHSP) Set to Announce Earnings on Thursday

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Chesapeake Lodging Trust (NYSE:CHSP) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, November 1st. Analysts expect the company to announce earnings of $0.66 per share for the quarter.

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 for the quarter, meeting the Zacks’ consensus estimate of $0.72. Chesapeake Lodging Trust had a net margin of 12.84% and a return on equity of 7.39%. The business had revenue of $163.30 million during the quarter, compared to the consensus estimate of $165.62 million. During the same quarter last year, the firm earned $0.65 earnings per share. The business’s revenue for the quarter was up .5% on a year-over-year basis. On average, analysts expect Chesapeake Lodging Trust to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of NYSE CHSP opened at $29.42 on Wednesday. Chesapeake Lodging Trust has a fifty-two week low of $24.98 and a fifty-two week high of $33.81. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 13.56, a price-to-earnings-growth ratio of 2.42 and a beta of 0.88. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.80.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 28th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.44%. The ex-dividend date was Thursday, September 27th. Chesapeake Lodging Trust’s dividend payout ratio is 73.73%.

CHSP has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Chesapeake Lodging Trust from a “sell” rating to a “hold” rating in a research note on Monday, September 17th. Royal Bank of Canada reaffirmed a “hold” rating and set a $30.00 target price on shares of Chesapeake Lodging Trust in a research note on Monday, July 30th. Robert W. Baird raised their target price on shares of Chesapeake Lodging Trust from $30.00 to $31.00 and gave the company a “neutral” rating in a research note on Monday, July 30th. Finally, ValuEngine downgraded shares of Chesapeake Lodging Trust from a “buy” rating to a “hold” rating in a research note on Friday, October 12th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $29.86.

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. The Trust owns 20 hotels with an aggregate of 6,279 rooms in eight states and the District of Columbia.

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Earnings History for Chesapeake Lodging Trust (NYSE:CHSP)

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