Chesapeake Lodging Trust (CHSP) Issues FY17 Earnings Guidance

Chesapeake Lodging Trust (NYSE:CHSP) issued an update on its FY17 earnings guidance on Wednesday morning. The company provided EPS guidance of $2.16-2.24 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.17. Chesapeake Lodging Trust also updated its Q3 guidance to $0.62-0.66 EPS.

Chesapeake Lodging Trust (NYSE:CHSP) traded down 0.61% on Friday, hitting $24.52. The company’s stock had a trading volume of 287,213 shares. Chesapeake Lodging Trust has a 1-year low of $20.81 and a 1-year high of $27.08. The company has a market capitalization of $1.45 billion, a P/E ratio of 25.07 and a beta of 1.13. The company has a 50 day moving average price of $24.92 and a 200-day moving average price of $24.36.

Chesapeake Lodging Trust (NYSE:CHSP) last released its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.02. Chesapeake Lodging Trust had a net margin of 13.33% and a return on equity of 6.56%. The business had revenue of $162.50 million for the quarter, compared to analysts’ expectations of $161.41 million. During the same period in the prior year, the firm earned $0.75 earnings per share. Chesapeake Lodging Trust’s revenue was down 4.1% compared to the same quarter last year. On average, equities analysts forecast that Chesapeake Lodging Trust will post $0.77 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were paid a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.60 dividend on an annualized basis and a yield of 6.53%. Chesapeake Lodging Trust’s payout ratio is presently 164.95%.

A number of brokerages have issued reports on CHSP. TheStreet raised shares of Chesapeake Lodging Trust from a c+ rating to a b rating in a research note on Friday, August 4th. Zacks Investment Research raised shares of Chesapeake Lodging Trust from a sell rating to a hold rating in a research note on Friday, August 4th. Royal Bank Of Canada reaffirmed a hold rating and issued a $25.00 price objective on shares of Chesapeake Lodging Trust in a research note on Friday, August 4th. BidaskClub raised shares of Chesapeake Lodging Trust from a hold rating to a buy rating in a research note on Wednesday, August 2nd. Finally, Deutsche Bank AG reaffirmed a hold rating and issued a $22.00 price objective (up from $21.00) on shares of Chesapeake Lodging Trust in a research note on Tuesday, July 18th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Chesapeake Lodging Trust currently has an average rating of Hold and a consensus price target of $25.20.

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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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