Chesapeake Lodging Trust (CHSP) Releases FY 2018 Earnings Guidance

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Chesapeake Lodging Trust (NYSE:CHSP) updated its FY 2018 earnings guidance on Thursday. The company provided EPS guidance of $2.28-2.32 for the period. Chesapeake Lodging Trust also updated its Q4 guidance to $0.48-0.52 EPS.

Several equities analysts recently commented on the stock. Zacks Investment Research upgraded 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 restated a hold rating and issued a $30.00 price objective on shares of Chesapeake Lodging Trust in a research note on Monday, July 30th. Robert W. Baird increased their price objective 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 cut shares of Chesapeake Lodging Trust from a buy rating to a hold rating in a research note on Friday, October 12th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. The company has an average rating of Hold and a consensus price target of $29.86.

NYSE:CHSP traded down $0.50 during mid-day trading on Thursday, reaching $28.89. 90,599 shares of the company were exchanged, compared to its average volume of 261,886. Chesapeake Lodging Trust has a 12 month low of $24.98 and a 12 month high of $33.81. 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 has a market cap of $1.78 billion, a P/E ratio of 13.31, a P/E/G ratio of 2.51 and a beta of 0.88.

Chesapeake Lodging Trust (NYSE:CHSP) last released its earnings results on Thursday, November 1st. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Chesapeake Lodging Trust had a net margin of 12.84% and a return on equity of 7.39%. The business had revenue of $156.35 million for the quarter, compared to analyst estimates of $157.13 million. During the same quarter in the previous year, the company posted $0.64 earnings per share. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. As a group, equities analysts predict that Chesapeake Lodging Trust will post 2.35 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Friday, September 28th were given a $0.40 dividend. The ex-dividend date was Thursday, September 27th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.54%. Chesapeake Lodging Trust’s dividend payout ratio is 73.73%.

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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Earnings History and Estimates for Chesapeake Lodging Trust (NYSE:CHSP)

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