Brokerages expect Chesapeake Lodging Trust (NYSE:CHSP) to announce sales of $164.69 million for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for Chesapeake Lodging Trust’s earnings, with the lowest sales estimate coming in at $161.96 million and the highest estimate coming in at $167.60 million. Chesapeake Lodging Trust posted sales of $163.29 million in the same quarter last year, which would indicate a positive year over year growth rate of 0.9%. The company is scheduled to report its next quarterly earnings report 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 business will report sales of $623.67 million, with estimates ranging from $617.43 million to $628.41 million. Zacks’ sales averages are an average based on a survey of research firms that cover Chesapeake Lodging Trust.
Chesapeake Lodging Trust (NYSE:CHSP) last announced its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.30). The business had revenue of $133.70 million for the quarter, compared to analysts’ expectations of $134.00 million. Chesapeake Lodging Trust had a net margin of 16.56% and a return on equity of 6.25%. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 earnings per share.
Several large investors have recently modified their holdings of CHSP. NumerixS Investment Technologies Inc increased its holdings in shares of Chesapeake Lodging Trust by 757.1% in the 4th quarter. NumerixS Investment Technologies Inc now owns 6,000 shares of the real estate investment trust’s stock worth $147,000 after buying an additional 5,300 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Chesapeake Lodging Trust by 74.2% in the 1st quarter. Nisa Investment Advisors LLC now owns 6,620 shares of the real estate investment trust’s stock worth $184,000 after buying an additional 2,820 shares during the last quarter. CIBC Asset Management Inc bought a new position in shares of Chesapeake Lodging Trust in the 1st quarter worth $217,000. Jane Street Group LLC bought a new position in shares of Chesapeake Lodging Trust in the 4th quarter worth $221,000. Finally, Paloma Partners Management Co bought a new position in shares of Chesapeake Lodging Trust during the 4th quarter valued at $227,000. 97.81% of the stock is currently owned by hedge funds and other institutional investors.
NYSE CHSP traded down $0.30 on Monday, hitting $28.12. The stock had a trading volume of 393,878 shares, compared to its average volume of 382,843. Chesapeake Lodging Trust has a 52-week low of $23.68 and a 52-week high of $33.81. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $1.71 billion, a P/E ratio of 12.02, a price-to-earnings-growth ratio of 2.34 and a beta of 0.98. The business has a 50-day moving average of $29.07.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.69%. The ex-dividend date is Thursday, June 27th. Chesapeake Lodging Trust’s payout ratio is 68.38%.
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.
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