Analysts Offer Predictions for Chesapeake Lodging Trust’s FY2019 Earnings (CHSP)

Chesapeake Lodging Trust (NYSE:CHSP) – Equities research analysts at KeyCorp issued their FY2019 earnings per share estimates for Chesapeake Lodging Trust in a research report issued on Tuesday. KeyCorp analyst A. Wurschmidt anticipates that the real estate investment trust will earn $2.56 per share for the year. KeyCorp currently has a “Hold” rating on the stock.

Chesapeake Lodging Trust (NYSE:CHSP) last released its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.64 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.01). Chesapeake Lodging Trust had a return on equity of 5.11% and a net margin of 9.71%. The firm had revenue of $158.28 million during the quarter, compared to analysts’ expectations of $159.18 million. During the same period in the previous year, the firm posted $0.71 earnings per share. The firm’s revenue was down 3.8% on a year-over-year basis.

Several other analysts have also recently issued reports on CHSP. Robert W. Baird set a $27.00 price objective on shares of Chesapeake Lodging Trust and gave the company a “buy” rating in a research note on Friday, August 25th. Zacks Investment Research raised shares of Chesapeake Lodging Trust from a “hold” rating to a “strong-buy” rating and set a $30.00 price objective for the company in a research note on Tuesday, September 19th. Royal Bank of Canada reissued a “hold” rating and set a $25.00 price objective on shares of Chesapeake Lodging Trust in a research note on Friday, September 22nd. Janney Montgomery Scott raised shares of Chesapeake Lodging Trust from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $25.00 to $32.00 in a research note on Wednesday, September 27th. Finally, BidaskClub raised shares of Chesapeake Lodging Trust from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 28th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Chesapeake Lodging Trust currently has an average rating of “Hold” and an average price target of $27.17.

Shares of Chesapeake Lodging Trust (NYSE CHSP) traded down $0.10 during midday trading on Thursday, hitting $27.49. 350,879 shares of the stock traded hands, compared to its average volume of 345,054. Chesapeake Lodging Trust has a one year low of $22.55 and a one year high of $29.36. The stock has a market cap of $1,663.98, a PE ratio of 33.94, a PEG ratio of 2.52 and a beta of 1.09. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.56 and a quick ratio of 1.56.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be issued a dividend of $0.40 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.60 annualized dividend and a dividend yield of 5.82%. Chesapeake Lodging Trust’s payout ratio is 197.53%.

In related news, Director Jeffrey D. Nuechterlein sold 6,000 shares of Chesapeake Lodging Trust stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $28.68, for a total transaction of $172,080.00. Following the transaction, the director now owns 19,485 shares in the company, valued at approximately $558,829.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.20% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Chesapeake Lodging Trust by 9.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,843 shares of the real estate investment trust’s stock worth $119,000 after buying an additional 399 shares in the last quarter. Invictus RG acquired a new position in Chesapeake Lodging Trust in the 3rd quarter worth $139,000. GAM Holding AG lifted its holdings in Chesapeake Lodging Trust by 8.8% in the 2nd quarter. GAM Holding AG now owns 5,307 shares of the real estate investment trust’s stock worth $130,000 after buying an additional 429 shares in the last quarter. Flinton Capital Management LLC lifted its holdings in 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 worth $142,000 after buying an additional 2,548 shares in the last quarter. Finally, FNY Managed Accounts LLC acquired a new position in Chesapeake Lodging Trust in the 3rd quarter worth $161,000. Institutional investors and hedge funds own 99.83% of the company’s stock.

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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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