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. The Company conducts its operations primarily though Chesapeake Lodging, L.P., its operating partnership (the Operating Partnership). As of February 17, 2017, the Company owned 22 hotels. As of February 17, 2017, the Company's portfolio included Hyatt Regency Boston; Hilton Checkers Los Angeles; Boston Marriott Newton; Le Meridien San Francisco; Hotel Indigo San Diego Gaslamp Quarter; Courtyard Washington Capitol Hill/Navy Yard; Hotel Adagio San Francisco, Autograph Collection; Denver Marriott City Center; Hyatt Herald Square New York, and Ace Hotel and Theater Downtown Los Angeles. As of February 17, 2017, the Company's hotels had 6,694 rooms.
Industry, Sector and Symbol:
Capitalization:- Market Cap: $1.54734 billion
- Outstanding Shares: 59,043,000
Average Prices:- 50 Day Moving Avg: $25.24
- 200 Day Moving Avg: $24.34
- 52 Week Range: $20.81 - $27.08
P/E:- Trailing P/E Ratio: 25.95
- Foreward P/E Ratio: 10.53
- P/E Growth: 3.93
Sales & Book Value:- Annual Revenue: $606.99 million
- Price / Sales: 2.47
- Book Value: $19.78 per share
- Price / Book: 1.28
Dividend:- Annual Dividend: $1.60
- Dividend Yield: 6.2%
Profitability:- EBIDTA: $175.85 million
- Net Margins: 10.77%
- Return on Equity: 5.53%
- Return on Assets: 3.19%
Debt:- Debt-to-Equity Ratio: 0.66%
- Current Ratio: 1.77%
- Quick Ratio: 1.77%
Misc:- Average Volume: 276,625 shs.
- Beta: 1.11
- Short Ratio: 5.64
Frequently Asked Questions for Chesapeake Lodging Trust (NYSE:CHSP)
What is Chesapeake Lodging Trust's stock symbol?
Chesapeake Lodging Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "CHSP."
How often does Chesapeake Lodging Trust pay dividends? What is the dividend yield for Chesapeake Lodging Trust?
Chesapeake Lodging Trust announced a quarterly dividend on Tuesday, September 19th. Stockholders of record on Friday, September 29th will be given a dividend of $0.40 per share on Friday, October 13th. This represents a $1.60 annualized dividend and a dividend yield of 6.30%. The ex-dividend date is Thursday, September 28th. View Chesapeake Lodging Trust's Dividend History.
How were Chesapeake Lodging Trust's earnings last quarter?
Chesapeake Lodging Trust (NYSE:CHSP) posted its earnings results on Wednesday, August, 2nd. The company reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.63 by $0.02. The firm had revenue of $162.50 million for the quarter, compared to analysts' expectations of $161.41 million. Chesapeake Lodging Trust had a net margin of 10.77% and a return on equity of 5.53%. Chesapeake Lodging Trust's quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.75 EPS. View Chesapeake Lodging Trust's Earnings History.
When will Chesapeake Lodging Trust make its next earnings announcement?
What guidance has Chesapeake Lodging Trust issued on next quarter's earnings?
Chesapeake Lodging Trust updated its FY17 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share guidance of $2.16-2.24 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.17. Chesapeake Lodging Trust also updated its Q3 guidance to $0.62-0.66 EPS.
Where is Chesapeake Lodging Trust's stock going? Where will Chesapeake Lodging Trust's stock price be in 2017?
4 brokers have issued 1-year price targets for Chesapeake Lodging Trust's stock. Their predictions range from $22.00 to $27.00. On average, they anticipate Chesapeake Lodging Trust's share price to reach $24.50 in the next twelve months. View Analyst Ratings for Chesapeake Lodging Trust.
What are analysts saying about Chesapeake Lodging Trust stock?
Here are some recent quotes from research analysts about Chesapeake Lodging Trust stock:
- 1. According to Zacks Investment Research, "Chesapeake Lodging Trust is a real estate investment trust. It is a self-advised hotel investment company focused on investments in upper upscale hotels in business, airport, convention markets, and select-service hotels in urban settings or locations in the United States. " (9/19/2017)
- 2. Janney Montgomery Scott analysts commented, "We maintain our NEUTRAL on CHSP post its 4Q16 earnings. We generally view 2017 as a transitional year for the company given renovation disruptions and several onetime issues in its markets. We also still think there are a number of industry challenges impacting sentiment including: Airbnb, increased supply, price transparency and uncertainty about corporate travel. Our FV remains $24, which is 13x (from 12x) our 2017 EBITDA. We use a one-turn higher multiple to account for renovation and other disruptions in 2017." (2/23/2017)
Who are some of Chesapeake Lodging Trust's key competitors?
Some companies that are related to Chesapeake Lodging Trust include RLJ Lodging Trust (RLJ), Pebblebrook Hotel Trust (PEB), Xenia Hotels & Resorts (XHR), Diamondrock Hospitality Company (DRH), MGM Growth Properties LLC (MGP), Summit Hotel Properties (INN), FelCor Lodging Trust Incorporated (FCH), Chatham Lodging Trust (REIT) (CLDT), Hersha Hospitality Trust (HT), Ashford Hospitality Trust (AHT), Empiric Student Property PLC (ESP), Ashford Hospitality Prime (AHP), Sotherly Hotels (SOHO) and Gaming and Leisure Properties (GLPIV).
Who are Chesapeake Lodging Trust's key executives?
Chesapeake Lodging Trust's management team includes the folowing people:
- James L. Francis, President, Chief Executive Officer, Trustee
- Douglas W. Vicari, Chief Financial Officer, Executive Vice President, Trustee
- D. Rick Adams, Chief Operating Officer, Executive Vice President
- Graham J. Wootten CPA, Senior Vice President, Chief Accounting Officer and Secretary
- Thomas A. Natelli, Non-Executive Independent Chairman of the Board of Trustee
- Thomas D. Eckert, Independent Trustee
- John W. Hill, Independent Trustee
- George F. McKenzie, Independent Trustee
- Jeffrey D. Nuechterlein, Independent Trustee
Who owns Chesapeake Lodging Trust stock?
Chesapeake Lodging Trust's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (15.98%), Goldman Sachs Group Inc. (14.63%), BlackRock Inc. (14.22%), Bank of New York Mellon Corp (4.61%), State Street Corp (3.94%) and Northern Trust Corp (3.73%). Company insiders that own Chesapeake Lodging Trust stock include George F Mckenzie, Graham J Wootten, James L Francis and Thomas D Eckert. View Institutional Ownership Trends for Chesapeake Lodging Trust.
Who sold Chesapeake Lodging Trust stock? Who is selling Chesapeake Lodging Trust stock?
Chesapeake Lodging Trust's stock was sold by a variety of institutional investors in the last quarter, including Schroder Investment Management Group, Pioneer Investment Management Inc., Vanguard Group Inc., Prudential Financial Inc., TIAA CREF Investment Management LLC, Goldman Sachs Group Inc., KBC Group NV and JPMorgan Chase & Co.. View Insider Buying and Selling for Chesapeake Lodging Trust.
Who bought Chesapeake Lodging Trust stock? Who is buying Chesapeake Lodging Trust stock?
Chesapeake Lodging Trust's stock was purchased by a variety of institutional investors in the last quarter, including Mesirow Financial Investment Management Equity Management, Bank of New York Mellon Corp, Northern Trust Corp, M&T Bank Corp, Parametric Portfolio Associates LLC, Bank of Montreal Can, AJO LP and Russell Investments Group Ltd.. Company insiders that have bought Chesapeake Lodging Trust stock in the last two years include George F Mckenzie, Graham J Wootten and James L Francis. View Insider Buying and Selling for Chesapeake Lodging Trust.
How do I buy Chesapeake Lodging Trust stock?
Shares of Chesapeake Lodging Trust can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Chesapeake Lodging Trust's stock price today?
One share of Chesapeake Lodging Trust stock can currently be purchased for approximately $25.38.
MarketBeat Community Rating for Chesapeake Lodging Trust (NYSE CHSP)MarketBeat's community ratings are surveys of what our community members think about Chesapeake Lodging Trust and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Chesapeake Lodging Trust (NYSE:CHSP) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 3 Hold Ratings, 1 Buy Rating |
| Consensus Rating: | Hold (Score: 2.25) |
| Consensus Price Target: | $24.50 (3.47% downside) |
Analysts' Ratings History for Chesapeake Lodging Trust (NYSE:CHSP)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 8/25/2017 | Robert W. Baird | Set Price Target | Buy | $27.00 | Low |  |
| 8/4/2017 | Royal Bank Of Canada | Reiterated Rating | Hold | $25.00 | High | |
| 7/18/2017 | Deutsche Bank AG | Reiterated Rating | Hold | $21.00 -> $22.00 | Low | |
| 2/23/2017 | Janney Montgomery Scott | Reiterated Rating | Neutral | $24.00 | N/A | |
| 7/14/2016 | JMP Securities | Reiterated Rating | Hold | | N/A | |
| 3/3/2016 | Wells Fargo & Company | Downgrade | Outperform -> Market Perform | | N/A | |
| 2/19/2016 | J P Morgan Chase & Co | Boost Price Target | Neutral | $20.00 -> $21.00 | N/A | |
| 1/19/2016 | Ladenburg Thalmann Financial Services | Downgrade | Neutral -> Sell | | N/A | |
| 11/3/2015 | SunTrust Banks, Inc. | Lower Price Target | | $32.00 -> $29.00 | N/A | |
| 10/5/2015 | KeyCorp | Downgrade | Overweight | | N/A | |
(Data available from 9/20/2015 forward)
Earnings History for Chesapeake Lodging Trust (NYSE:CHSP)Earnings History by Quarter for Chesapeake Lodging Trust (NYSE CHSP)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 10/30/2017 | | $0.26 | | | | | N/A | |
| 8/2/2017 | Q2 2017 | $0.63 | $0.65 | $161.41 million | $162.50 million | View | Listen | |
| 4/25/2017 | Q1 2017 | $0.36 | $0.41 | $132.06 million | $134.90 million | View | N/A | |
| 2/22/2017 | Q416 | $0.46 | $0.16 | $142.75 million | $145.13 million | View | Listen | |
| 11/1/2016 | Q3 | $0.74 | $0.40 | $167.65 million | $164.50 million | View | Listen | |
| 7/29/2016 | Q216 | $0.47 | $0.44 | $171.20 million | $169.40 million | View | Listen | |
| 2/18/2016 | Q4 | $0.54 | $0.52 | $149.99 million | $146.20 million | View | Listen | |
| 11/2/2015 | Q3 | $0.73 | $0.73 | $165.18 million | $165.00 million | View | Listen | |
| 7/30/2015 | Q2 | $0.36 | $0.68 | $163.89 million | $162.10 million | View | Listen | |
| 4/30/2015 | Q1 | ($0.04) | ($0.02) | $107.90 million | $109.30 million | View | Listen | |
| 2/19/2015 | Q414 | $0.46 | $0.44 | $124.48 million | $123.50 million | View | Listen | |
| 11/3/2014 | Q415 | $0.64 | $0.65 | $128.17 million | $130.80 million | View | Listen | |
| 8/4/2014 | Q315 | $0.62 | $0.64 | $129.99 million | $128.90 million | View | Listen | |
| 4/30/2014 | Q215 | ($0.04) | ($0.01) | $92.98 million | $94.80 million | View | Listen | |
| 2/20/2014 | Q115 | $0.17 | $0.18 | $112.36 million | $111.60 million | View | Listen | |
| 11/6/2013 | Q313 | $0.35 | $0.61 | $125.16 million | $122.40 million | View | Listen | |
| 8/5/2013 | Q213 | $0.32 | $0.56 | $111.47 million | $115.60 million | View | Listen | |
| 5/7/2013 | Q113 | ($0.12) | $0.15 | $70.01 million | $70.60 million | View | Listen | |
| 1/31/2013 | Q412 | $0.12 | $0.41 | | | View | N/A | |
| 11/1/2012 | Q312 | $0.15 | $0.21 | $72.61 million | $75.90 million | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Chesapeake Lodging Trust (NYSE:CHSP)Current Year EPS Consensus Estimate: $2.22 EPS
Next Year EPS Consensus Estimate: $2.41 EPS
Current Dividend Information for Chesapeake Lodging Trust (NYSE:CHSP)| Next Dividend: | 10/13/2017 |
| Annual Dividend: | $1.60 |
| Dividend Yield: | 6.30% |
| Dividend Growth: | 18.60% (3 Year Average) |
| Payout Ratio: | 164.95% (Trailing 12 Months of Earnings)
72.07% (Based on This Year's Estimates)
66.39% (Based on Next Year's Estimates)
|
| Track Record: | 5 Years of Consecutive Dividend Growth |
Dividend History by Quarter for Chesapeake Lodging Trust (NYSE CHSP)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 9/19/2017 | quarterly | $0.40 | 6.3% | 9/28/2017 | 9/29/2017 | 10/13/2017 |
| 5/18/2017 | quarterly | $0.40 | 6.95% | 6/28/2017 | 6/30/2017 | 7/14/2017 |
| 3/20/2017 | Quarterly | $0.40 | | 3/29/2017 | 3/31/2017 | 4/14/2017 |
| 12/16/2016 | quarterly | $0.40 | 6% | 12/28/2016 | 12/30/2016 | 1/13/2017 |
| 9/19/2016 | Quarterly | $0.40 | 6.86% | 9/28/2016 | 9/30/2016 | 10/14/2016 |
| 5/18/2016 | quarterly | $0.40 | 6.86% | 6/28/2016 | 6/30/2016 | 7/15/2016 |
| 3/17/2016 | quarterly | $0.40 | 6.13% | 3/29/2016 | 3/31/2016 | 4/15/2016 |
| 12/18/2015 | Quarterly | $0.40 | 6.22% | 12/29/2015 | 12/31/2015 | 1/15/2016 |
| 7/31/2015 | quarterly | $0.40 | 4.99% | 9/28/2015 | 9/30/2015 | 10/15/2015 |
| 5/21/2015 | quarterly | $0.35 | 4.39% | 6/26/2015 | 6/30/2015 | 7/15/2015 |
| 1/27/2015 | quarterly | $0.35 | 3.63% | 3/27/2015 | 3/31/2015 | 4/15/2015 |
| 12/15/2014 | quarterly | $0.30 | 3.41% | 12/29/2014 | 12/31/2014 | 1/15/2015 |
| 9/16/2014 | quarterly | $0.30 | 4.04% | 9/26/2014 | 9/30/2014 | 10/15/2014 |
| 5/16/2014 | quarterly | $0.30 | 4.26% | 6/26/2014 | 6/30/2014 | 7/15/2014 |
| 2/20/2014 | quarterly | $0.30 | 4.62% | 3/27/2014 | 3/31/2014 | 4/15/2014 |
| 12/16/2013 | quarterly | $0.26 | 4.34% | 12/27/2013 | 12/31/2013 | 1/15/2014 |
| 8/5/2013 | quarterly | $0.26 | 4.58% | 9/26/2013 | 9/30/2013 | 10/15/2013 |
| 5/21/2013 | quarterly | $0.24 | 4.12% | 6/26/2013 | 6/28/2013 | 7/15/2013 |
| 2/21/2013 | quarterly | $0.24 | 4.35% | 3/26/2013 | 3/29/2013 | 4/15/2013 |
| 12/13/2012 | quarterly | $0.22 | 4.54% | 12/27/2012 | 12/31/2012 | 1/15/2013 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for Chesapeake Lodging Trust (NYSE:CHSP)Insider Ownership Percentage: 2.50%
Institutional Ownership Percentage: 98.54%
Insider Trades by Quarter for Chesapeake Lodging Trust (NYSE:CHSP)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 3/16/2017 | Thomas D Eckert | Director | Sell | 16,000 | $24.36 | $389,760.00 | |
| 12/19/2016 | James L Francis | CEO | Buy | 1,500 | $26.71 | $40,065.00 | |
| 11/28/2016 | James L Francis | CEO | Buy | 2,500 | $23.26 | $58,150.00 | |
| 11/18/2016 | George F Mckenzie | Director | Buy | 1,500 | $22.84 | $34,260.00 | |
| 11/15/2016 | James L Francis | CEO | Buy | 5,000 | $22.79 | $113,950.00 | |
| 11/3/2016 | Graham J Wootten | CAO | Buy | 1,500 | $21.00 | $31,500.00 | |
| 8/11/2016 | Thomas D Eckert | Director | Sell | 21,000 | $25.34 | $532,140.00 | |
| 8/28/2015 | Jeffrey D. Nuechterlein | Director | Sell | 3,000 | $29.48 | $88,440.00 | |
| 8/24/2015 | D. Rick Adams | COO | Buy | 2,500 | $30.11 | $75,275.00 | |
| 8/12/2015 | Graham J Wootten | CAO | Buy | 11,000 | $30.60 | $336,600.00 | |
| 8/11/2015 | Graham J Wootten | CAO | Buy | 5,000 | $30.80 | $154,000.00 | |
| 5/6/2015 | Jeffrey D Nuechterlein | Director | Buy | 2,000 | $30.40 | $60,800.00 | |
| 11/7/2014 | James L Francis | CEO | Sell | 35,000 | $33.22 | $1,162,700.00 | |
| 11/8/2013 | Douglas Vicari | CFO | Buy | 1,000 | $22.50 | $22,500.00 | |
| 11/8/2013 | Graham Wootten | CAO | Buy | 2,000 | $22.19 | $44,380.00 | |
| 8/30/2013 | Douglas Vicari | CFO | Buy | 2,000 | $22.00 | $44,000.00 | |
| 8/19/2013 | Thomas Eckert | Director | Buy | 16,000 | $22.13 | $354,080.00 | |
| 8/16/2013 | John Hill | Director | Sell | 4,000 | $22.46 | $89,840.00 | |
| 5/22/2013 | James L Francis | CEO | Sell | 5,000 | $23.91 | $119,550.00 | |
| 5/17/2013 | James L Francis | CEO | Sell | 25,000 | $23.65 | $591,250.00 | |
| 11/16/2012 | Douglas W Vicari | CFO | Buy | 2,000 | $17.81 | $35,620.00 | |
| 9/18/2012 | Thomas A Natelli | Director | Buy | 5,000 | $18.50 | $92,500.00 | |
| 8/16/2012 | Graham J Wootten | CAO | Buy | 2,200 | $16.97 | $37,334.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for Chesapeake Lodging Trust (NYSE:CHSP)
Latest Headlines for Chesapeake Lodging Trust (NYSE:CHSP)
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Chesapeake Lodging Trust (CHSP) Chart for Wednesday, September, 20, 2017
