Chesapeake Lodging Trust (NYSE:CHSP) – Research analysts at SunTrust Banks dropped their Q1 2018 earnings per share (EPS) estimates for Chesapeake Lodging Trust in a report issued on Thursday. SunTrust Banks analyst P. Scholes now anticipates that the real estate investment trust will post earnings of $0.40 per share for the quarter, down from their prior forecast of $0.45. SunTrust Banks also issued estimates for Chesapeake Lodging Trust’s Q2 2018 earnings at $0.69 EPS, Q4 2018 earnings at $0.68 EPS, FY2018 earnings at $2.42 EPS, Q1 2019 earnings at $0.44 EPS, Q2 2019 earnings at $0.74 EPS, Q3 2019 earnings at $0.70 EPS, Q4 2019 earnings at $0.73 EPS and FY2019 earnings at $2.61 EPS.
Chesapeake Lodging Trust (NYSE:CHSP) last posted its quarterly earnings results on Thursday, February 15th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.02). Chesapeake Lodging Trust had a return on equity of 6.55% and a net margin of 12.34%. The business had revenue of $142.70 million during the quarter, compared to analyst estimates of $143.85 million. During the same period last year, the company earned $0.48 EPS. The business’s revenue for the quarter was down 1.7% on a year-over-year basis.
Shares of Chesapeake Lodging Trust (NYSE CHSP) opened at $26.66 on Monday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.56 and a current ratio of 1.56. The firm has a market cap of $1,609.76, a PE ratio of 24.02, a price-to-earnings-growth ratio of 2.24 and a beta of 1.08. Chesapeake Lodging Trust has a 52 week low of $22.55 and a 52 week high of $29.36.
In other Chesapeake Lodging Trust news, Director Jeffrey D. Nuechterlein sold 6,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $28.68, for a total transaction of $172,080.00. Following the sale, the director now directly owns 19,485 shares of the company’s stock, valued at $558,829.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.20% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Invictus RG bought a new stake in shares of Chesapeake Lodging Trust during the third quarter valued at approximately $139,000. FNY Managed Accounts LLC bought a new stake in shares of Chesapeake Lodging Trust during the third quarter valued at approximately $161,000. Acadian Asset Management LLC bought a new stake in shares of Chesapeake Lodging Trust during the fourth quarter valued at approximately $200,000. Amalgamated Bank bought a new stake in shares of Chesapeake Lodging Trust during the third quarter valued at approximately $216,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Chesapeake Lodging Trust during the third quarter valued at approximately $223,000. 98.58% of the stock is currently owned by institutional investors and hedge funds.
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About Chesapeake Lodging Trust
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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