Chesapeake Lodging Trust (NYSE:chsp) declared a quarterly dividend on Monday, March 20th. Investors of record on Friday, March 31st will be given a dividend of 0.40 per share by the real estate investment trust on Friday, April 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.73%. The ex-dividend date of this dividend is Wednesday, March 29th.
Chesapeake Lodging Trust (NYSE:CHSP) opened at 23.78 on Tuesday. The company has a 50 day moving average price of $24.81 and a 200-day moving average price of $24.26. Chesapeake Lodging Trust has a 52-week low of $20.81 and a 52-week high of $27.18. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 21.04 and a beta of 1.04.
Chesapeake Lodging Trust (NYSE:CHSP) last posted its quarterly earnings data on Wednesday, February 22nd. The real estate investment trust reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.31. The company had revenue of $145.13 million for the quarter, compared to analyst estimates of $142.75 million. Chesapeake Lodging Trust had a return on equity of 6.60% and a net margin of 12.77%. The business’s revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.52 earnings per share. Equities research analysts anticipate that Chesapeake Lodging Trust will post $0.98 EPS for the current year.
In other Chesapeake Lodging Trust news, Director Thomas D. Eckert sold 16,000 shares of the business’s stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $24.36, for a total value of $389,760.00. Following the transaction, the director now owns 34,178 shares of the company’s stock, valued at $832,576.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.20% of the stock is currently owned by insiders.
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CHSP has been the topic of a number of recent analyst reports. Zacks Investment Research raised Chesapeake Lodging Trust from a “sell” rating to a “hold” rating in a research note on Friday, January 6th. Janney Montgomery Scott reissued a “neutral” rating and issued a $24.00 price objective on shares of Chesapeake Lodging Trust in a research note on Thursday, February 23rd.
About Chesapeake Lodging Trust
Chesapeake Lodging Trust (the Trust) is a self-advised real estate investment trust (REIT). The Trust is focused on investments primarily in upper-upscale hotels in business and convention markets and, on service hotels in urban settings or locations in the United States. The Trust owns over 20 hotels with over 6,700 rooms in approximately nine states and the District of Columbia.
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