$143.61 Million in Sales Expected for Chesapeake Lodging Trust (CHSP) This Quarter

Brokerages predict that Chesapeake Lodging Trust (NYSE:CHSP) will report $143.61 million in sales for the current quarter, according to Zacks. Six analysts have made estimates for Chesapeake Lodging Trust’s earnings, with the highest sales estimate coming in at $147.53 million and the lowest estimate coming in at $140.80 million. Chesapeake Lodging Trust posted sales of $145.13 million during the same quarter last year, which suggests a negative year over year growth rate of 1%. The firm is expected to issue its next quarterly earnings report after the market closes on Thursday, February 15th.

According to Zacks, analysts expect that Chesapeake Lodging Trust will report full year sales of $143.61 million for the current fiscal year, with estimates ranging from $596.50 million to $603.14 million. For the next year, analysts anticipate that the company will report sales of $607.59 million per share, with estimates ranging from $600.35 million to $613.73 million. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Chesapeake Lodging Trust.

A number of brokerages have recently issued reports on CHSP. Zacks Investment Research raised Chesapeake Lodging Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. JPMorgan Chase & Co. lowered Chesapeake Lodging Trust from a “neutral” rating to an “underweight” rating in a research report on Thursday, November 16th. Robert W. Baird reaffirmed a “buy” rating and set a $27.00 target price on shares of Chesapeake Lodging Trust in a research report on Sunday, November 5th. Finally, Deutsche Bank lifted their target price on Chesapeake Lodging Trust from $23.00 to $26.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $27.83.

Chesapeake Lodging Trust (NYSE:CHSP) opened at $26.33 on Thursday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.56 and a quick ratio of 1.56. Chesapeake Lodging Trust has a 52-week low of $22.55 and a 52-week high of $29.36. The company has a market capitalization of $1,587.64, a PE ratio of 12.11, a price-to-earnings-growth ratio of 2.22 and a beta of 1.08.

In other news, Director Jeffrey D. Nuechterlein sold 6,000 shares of Chesapeake Lodging Trust stock in a transaction dated Thursday, November 30th. The stock was 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 filing with the SEC, which can be accessed through this hyperlink. 2.20% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in CHSP. Teachers Advisors LLC increased its holdings in Chesapeake Lodging Trust by 5.6% in the second quarter. Teachers Advisors LLC now owns 109,229 shares of the real estate investment trust’s stock valued at $2,673,000 after buying an additional 5,836 shares during the last quarter. New York State Common Retirement Fund increased its holdings in Chesapeake Lodging Trust by 62.6% in the second quarter. New York State Common Retirement Fund now owns 101,630 shares of the real estate investment trust’s stock valued at $2,487,000 after buying an additional 39,129 shares during the last quarter. Parametric Portfolio Associates LLC increased its holdings in Chesapeake Lodging Trust by 169.1% in the second quarter. Parametric Portfolio Associates LLC now owns 199,917 shares of the real estate investment trust’s stock valued at $4,892,000 after buying an additional 125,627 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Chesapeake Lodging Trust by 2.5% in the second quarter. Dimensional Fund Advisors LP now owns 880,531 shares of the real estate investment trust’s stock valued at $21,547,000 after buying an additional 21,333 shares during the last quarter. Finally, Voya Investment Management LLC increased its holdings in Chesapeake Lodging Trust by 3.2% in the second quarter. Voya Investment Management LLC now owns 67,454 shares of the real estate investment trust’s stock valued at $1,651,000 after buying an additional 2,110 shares during the last quarter. 98.58% of the stock is owned by hedge funds and other institutional investors.

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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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