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Chesapeake Lodging Trust

NYSE:CHSP
Snowflake Description

Proven track record and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CHSP
NYSE
$2B
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

Chesapeake Lodging Trust is a self-advised lodging real estate investment trust (REIT) focused on investments primarily in upper-upscale hotels in major business and convention markets and, on a selective basis, premium select-service hotels in urban settings or unique locations in the United States. The last earnings update was 18 days ago. More info.


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CHSP Share Price and Events
7 Day Returns
-0.7%
NYSE:CHSP
0.1%
US REITs
-1.4%
US Market
1 Year Returns
-5.4%
NYSE:CHSP
13.9%
US REITs
1.6%
US Market
CHSP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Chesapeake Lodging Trust (CHSP) -0.7% 3.8% -0.8% -5.4% 27.6% 2.3%
US REITs 0.1% 2.1% 3.4% 13.9% 11.4% 25.6%
US Market -1.4% -3.9% 0.2% 1.6% 33.2% 38.2%
1 Year Return vs Industry and Market
  • CHSP underperformed the REITs industry which returned 13.9% over the past year.
  • CHSP underperformed the Market in United States of America which returned 1.6% over the past year.
Price Volatility
CHSP
Industry
5yr Volatility vs Market

CHSP Value

 Is Chesapeake Lodging Trust undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Chesapeake Lodging Trust to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Chesapeake Lodging Trust.

NYSE:CHSP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations
Levered Adjusted Funds From Operations Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:CHSP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.53
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.529 (1 + (1- 21%) (45.96%))
0.813
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.81
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.813 * 5.96%)
7.58%

Discounted Cash Flow Calculation for NYSE:CHSP using 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations Model

The calculations below outline how an intrinsic value for Chesapeake Lodging Trust is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Chesapeake Lodging Trust is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.

NYSE:CHSP DCF 1st Stage: Next 10 year cash flow forecast
Adjusted Funds From Operations (AFFO) (USD, Millions) Source Present Value
Discounted (@ 7.58%)
2019 138.55 Analyst x3 128.79
2020 130.87 Analyst x6 113.08
2021 135.95 Est @ 3.89% 109.21
2022 140.77 Est @ 3.54% 105.11
2023 145.41 Est @ 3.3% 100.93
2024 149.96 Est @ 3.13% 96.76
2025 154.47 Est @ 3.01% 92.65
2026 158.98 Est @ 2.92% 88.64
2027 163.54 Est @ 2.87% 84.76
2028 168.16 Est @ 2.83% 81.02
Present value of next 10 years cash flows $1,000.95
NYSE:CHSP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $168.16 × (1 + 2.73%) ÷ (7.58% – 2.73%)
$3,565.13
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $3,565.13 ÷ (1 + 7.58%)10
$1,717.66
NYSE:CHSP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,000.95 + $1,717.66
$2,718.61
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,718.61 / 59.81
$45.45
NYSE:CHSP Discount to Share Price
Calculation Result
Value per share (USD) From above. $45.45
Current discount Discount to share price of $29.85
= -1 x ($29.85 - $45.45) / $45.45
34.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Chesapeake Lodging Trust is available for.
Intrinsic value
34%
Share price is $29.85 vs Future cash flow value of $45.45
Current Discount Checks
For Chesapeake Lodging Trust to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Chesapeake Lodging Trust's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Chesapeake Lodging Trust's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Chesapeake Lodging Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Chesapeake Lodging Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:CHSP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $1.66
NYSE:CHSP Share Price ** NYSE (2019-05-24) in USD $29.85
United States of America REITs Industry PE Ratio Median Figure of 155 Publicly-Listed REITs Companies 32.61x
United States of America Market PE Ratio Median Figure of 3,084 Publicly-Listed Companies 17.44x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Chesapeake Lodging Trust.

NYSE:CHSP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:CHSP Share Price ÷ EPS (both in USD)

= 29.85 ÷ 1.66

18x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Chesapeake Lodging Trust is good value based on earnings compared to the US REITs industry average.
  • Chesapeake Lodging Trust is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Chesapeake Lodging Trust's expected growth come at a high price?
Raw Data
NYSE:CHSP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
-4.4%per year
United States of America REITs Industry PEG Ratio Median Figure of 141 Publicly-Listed REITs Companies 2.41x
United States of America Market PEG Ratio Median Figure of 2,121 Publicly-Listed Companies 1.51x

*Line of best fit is calculated by linear regression .

NYSE:CHSP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 18x ÷ -4.4%

-4.06x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Chesapeake Lodging Trust earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Chesapeake Lodging Trust's assets?
Raw Data
NYSE:CHSP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $17.45
NYSE:CHSP Share Price * NYSE (2019-05-24) in USD $29.85
United States of America REITs Industry PB Ratio Median Figure of 191 Publicly-Listed REITs Companies 1.89x
United States of America Market PB Ratio Median Figure of 5,207 Publicly-Listed Companies 1.8x
NYSE:CHSP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:CHSP Share Price ÷ Book Value per Share (both in USD)

= 29.85 ÷ 17.45

1.71x

* Primary Listing of Chesapeake Lodging Trust.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Chesapeake Lodging Trust is good value based on assets compared to the US REITs industry average.
X
Value checks
We assess Chesapeake Lodging Trust's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. Chesapeake Lodging Trust has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

CHSP Future Performance

 How is Chesapeake Lodging Trust expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-4.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Chesapeake Lodging Trust expected to grow at an attractive rate?
  • Chesapeake Lodging Trust's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Chesapeake Lodging Trust's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Chesapeake Lodging Trust's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:CHSP Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:CHSP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts -4.4%
NYSE:CHSP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 2.4%
United States of America REITs Industry Earnings Growth Rate Market Cap Weighted Average 5.8%
United States of America REITs Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:CHSP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:CHSP Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 623 159 74 8
2019-12-31 609 153 71 7
NYSE:CHSP Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 596 155 98
2018-12-31 597 159 96
2018-09-30 597 149 111
2018-06-30 599 140 72
2018-03-31 598 140 67
2017-12-31 598 144 66
2017-09-30 601 145 48
2017-06-30 607 151 58
2017-03-31 614 158 64
2016-12-31 620 160 66
2016-09-30 621 165 69
2016-06-30 621 168 70

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Chesapeake Lodging Trust's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Chesapeake Lodging Trust's revenue is expected to grow by 2.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:CHSP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from Chesapeake Lodging Trust Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:CHSP Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 1.25 1.31 1.18 5.00
2019-12-31 1.21 1.21 1.20 3.00
NYSE:CHSP Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 1.66
2018-12-31 1.63
2018-09-30 1.87
2018-06-30 1.21
2018-03-31 1.13
2017-12-31 1.12
2017-09-30 0.82
2017-06-30 0.98
2017-03-31 1.10
2016-12-31 1.13
2016-09-30 1.18
2016-06-30 1.20

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Chesapeake Lodging Trust will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Chesapeake Lodging Trust's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Chesapeake Lodging Trust has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

CHSP Past Performance

  How has Chesapeake Lodging Trust performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Chesapeake Lodging Trust's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Chesapeake Lodging Trust's year on year earnings growth rate has been positive over the past 5 years.
  • Chesapeake Lodging Trust's 1-year earnings growth exceeds its 5-year average (46.5% vs 14.6%)
  • Chesapeake Lodging Trust's earnings growth has exceeded the US REITs industry average in the past year (46.5% vs 16%).
Earnings and Revenue History
Chesapeake Lodging Trust's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Chesapeake Lodging Trust Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:CHSP Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 595.88 98.19 171.76
2018-12-31 597.17 96.48 171.82
2018-09-30 597.32 110.80 191.95
2018-06-30 599.24 71.58 192.57
2018-03-31 598.42 67.00 159.68
2017-12-31 598.27 66.05 159.38
2017-09-30 600.74 48.17 180.96
2017-06-30 606.99 57.57 179.18
2017-03-31 613.96 64.43 192.47
2016-12-31 619.70 66.46 177.56
2016-09-30 620.75 69.03 210.20
2016-06-30 621.23 70.26 225.15
2016-03-31 613.95 65.77 222.83
2015-12-31 582.62 57.26 194.77
2015-09-30 559.95 51.39 206.25
2015-06-30 525.78 52.92 194.46
2015-03-31 492.50 50.13 182.46
2014-12-31 477.98 50.77 174.95
2014-09-30 466.04 53.49 170.77
2014-06-30 457.65 44.07 166.15
2014-03-31 444.35 39.92 161.39
2013-12-31 420.18 35.27 151.25
2013-09-30 393.71 33.64 140.73
2013-06-30 347.13 23.92 125.66
2013-03-31 298.61 18.40 110.29
2012-12-31 278.28 22.59 102.17
2012-09-30 249.31 18.08 92.97
2012-06-30 225.23 16.74 85.10

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Chesapeake Lodging Trust has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Chesapeake Lodging Trust used its assets more efficiently than the US REITs industry average last year based on Return on Assets.
  • Chesapeake Lodging Trust's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Chesapeake Lodging Trust's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Chesapeake Lodging Trust has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

CHSP Health

 How is Chesapeake Lodging Trust's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Chesapeake Lodging Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Chesapeake Lodging Trust is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Chesapeake Lodging Trust's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Chesapeake Lodging Trust's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Chesapeake Lodging Trust Company Filings, last reported 1 month ago.

NYSE:CHSP Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,036.58 820.50 48.25
2018-12-31 1,053.98 751.39 71.26
2018-09-30 1,069.90 754.60 76.85
2018-06-30 1,037.86 832.29 47.66
2018-03-31 1,035.11 831.68 37.70
2017-12-31 1,048.43 829.55 48.58
2017-09-30 1,039.95 877.35 43.59
2017-06-30 1,168.12 770.23 59.94
2017-03-31 1,171.21 754.52 40.96
2016-12-31 1,188.68 737.31 43.06
2016-09-30 1,201.80 750.17 56.91
2016-06-30 1,199.71 767.07 55.51
2016-03-31 1,195.20 777.96 46.96
2015-12-31 1,209.56 769.75 50.54
2015-09-30 1,218.70 784.71 45.74
2015-06-30 1,216.10 807.15 47.91
2015-03-31 1,213.43 709.77 29.28
2014-12-31 1,081.98 551.72 29.33
2014-09-30 1,092.80 589.29 180.50
2014-06-30 937.57 576.78 40.05
2014-03-31 932.23 564.28 34.68
2013-12-31 946.56 531.77 28.71
2013-09-30 929.89 564.32 40.76
2013-06-30 920.73 580.49 42.76
2013-03-31 916.40 421.71 106.25
2012-12-31 766.81 405.21 33.19
2012-09-30 767.16 356.86 27.85
2012-06-30 515.22 420.52 19.93
  • Chesapeake Lodging Trust's level of debt (79.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (60.5% vs 79.2% today).
  • Debt is not well covered by operating cash flow (18.9%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 3x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Chesapeake Lodging Trust's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Chesapeake Lodging Trust has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

CHSP Dividends

 What is Chesapeake Lodging Trust's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.36%
Current annual income from Chesapeake Lodging Trust dividends. Estimated to be 5.21% next year.
If you bought $2,000 of Chesapeake Lodging Trust shares you are expected to receive $107 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Chesapeake Lodging Trust's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).
  • Chesapeake Lodging Trust's dividend is above the markets top 25% of dividend payers in United States of America (3.75%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:CHSP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
United States of America REITs Industry Average Dividend Yield Market Cap Weighted Average of 184 Stocks 3.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2007 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:CHSP Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 1.60 4.00
2019-12-31 1.52 5.00
NYSE:CHSP Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-19 1.600 5.507
2018-12-18 1.600 5.790
2018-09-10 1.600 5.323
2018-06-12 1.600 4.968
2018-03-07 1.600 5.461
2017-12-18 1.600 5.932
2017-09-18 1.600 5.752
2017-05-17 1.600 6.473
2017-03-17 1.600 6.771
2016-12-15 1.600 6.341
2016-09-19 1.600 6.906
2016-05-17 1.600 6.587
2016-03-16 1.600 6.353
2015-12-17 1.600 6.369
2015-11-02 1.600 5.947
2015-05-20 1.400 4.672
2015-01-26 1.400 4.144
2014-12-12 1.200 3.225
2014-09-16 1.200 3.782
2014-05-16 1.200 4.012
2014-02-20 1.200 4.535
2013-12-16 1.040 4.187
2013-08-05 1.040 4.450
2013-05-21 0.960 4.307
2013-02-21 0.960 4.214
2012-12-13 0.880 4.153
2012-08-13 0.880 4.628
2012-05-29 0.880 5.108
2012-02-08 0.880 4.920
2011-12-15 0.800 4.881
2011-09-19 0.800 5.868
2011-06-16 0.800 5.434
2011-03-17 0.800 4.654
2010-12-16 0.800 4.321
2010-09-10 0.800 4.426

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Chesapeake Lodging Trust has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Chesapeake Lodging Trust only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Chesapeake Lodging Trust's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.5x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Chesapeake Lodging Trust's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Chesapeake Lodging Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Chesapeake Lodging Trust has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

CHSP Management

 What is the CEO of Chesapeake Lodging Trust's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
James Francis
COMPENSATION $5,517,645
AGE 56
TENURE AS CEO 9.9 years
CEO Bio

Mr. James L. Francis has been the Chief Executive Officer and President and a Trustee of Chesapeake Lodging Trust since June 2009. Mr. Francis serves as the President and Chief Executive Officer of CHSP DC Holding Trust. Prior to co-founding the Trust, He served as the Chief Executive Officer and President at Highland Hospitality Corporation (“Highland”) from July 2003 to July 2007 and served as its Director from December 2003 to July 2007. Mr. Francis served as a Consultant to the affiliate of JER Partners that acquired Highland until September 2008. Mr. Francis served as the Chief Operating Officer, Chief Financial Officer and Treasurer at Barcelo Crestline from June 2002 to December 2003 and previously served as the Executive Vice President and Chief Financial Officer at Crestline Capital Corporation, prior to its acquisition by Barceló, from December 1998 to June 2002. Prior to the spin-off of Barcelo Crestline from Host Marriott Corporation, Mr. Francis held various finance and strategic planning positions at Host Marriott and Marriott International, Inc. From June 1997 to December 1998, he held the position of Assistant Treasurer and Vice President of Corporate Finance at Host Marriott Corporation, where he was responsible for its corporate finance function, business strategy and investor relations. Over a period of ten years, Mr. Francis served in various capacities at Marriott International’s lodging business, including Vice President of Finance at Marriott Lodging from 1995 to 1997, Brand Executive, Courtyard by Marriott from 1994 to 1995, Controller of the Courtyard by Marriott and Fairfield Inn businesses from 1993 to 1994, Director of Finance and Strategic Planning at Courtyard by Marriott and Fairfield Inn from 1991 to 1993 and Director of Hotel Development Finance from 1987 to 1991. He serves as the Chairman of CHSP DC Holding Trust. He has been an Independent Trustee of Gramercy Property Trust Inc. since September, 2013. He has been a Trustee of Chesapeake Lodging Trust since June 2009. He served as an Independent Trustee of Chambers Street Properties from September 17, 2013 to December 2015. Mr. Francis received an M.B.A. in Finance and Accounting from Vanderbilt University and his B.A. in Economics and Business from Western Maryland College.

CEO Compensation
  • James's compensation has been consistent with company performance over the past year, both up more than 20%.
  • James's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Chesapeake Lodging Trust management team in years:

6.8
Average Tenure
55
Average Age
  • The average tenure for the Chesapeake Lodging Trust management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

James Francis

TITLE
President
COMPENSATION
$6M
AGE
56
TENURE
9.9 yrs

Doug Vicari

TITLE
Executive VP
COMPENSATION
$2M
AGE
59
TENURE
9.9 yrs

D. Adams

TITLE
Executive VP & COO
COMPENSATION
$2M
AGE
54
TENURE
4.2 yrs

Graham Wootten

TITLE
Senior VP
COMPENSATION
$1M
AGE
45
TENURE
9.3 yrs

Nicholas Jette

TITLE
Vice President of Acquisitions & Asset Management
TENURE
4.3 yrs

Nishil Patel

TITLE
VP & Treasurer
TENURE
4.3 yrs
Board of Directors Tenure

Average tenure and age of the Chesapeake Lodging Trust board of directors in years:

9.3
Average Tenure
59
Average Age
  • The tenure for the Chesapeake Lodging Trust board of directors is about average.
Board of Directors

Thomas Natelli

TITLE
Chairman of the Board
COMPENSATION
$200K
AGE
58
TENURE
9.3 yrs

James Francis

TITLE
President
COMPENSATION
$6M
AGE
56
TENURE
9.9 yrs

Doug Vicari

TITLE
Executive VP
COMPENSATION
$2M
AGE
59
TENURE
9.9 yrs

John Hill

TITLE
COMPENSATION
$170K
AGE
64
TENURE
9.3 yrs

Tom Eckert

TITLE
COMPENSATION
$170K
AGE
70
TENURE
9.3 yrs

Jeffrey Nuechterlein

TITLE
COMPENSATION
$161K
AGE
61
TENURE
9.3 yrs

Angelique Brunner

TITLE
COMPENSATION
$126K
AGE
46
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
25. Feb 19 Buy Jeffrey Nuechterlein Individual 22. Feb 19 22. Feb 19 1,500 $30.11 $45,169
14. Dec 18 Sell Jeffrey Nuechterlein Individual 13. Dec 18 13. Dec 18 -1,000 $28.45 $-28,446
09. Nov 18 Sell Jeffrey Nuechterlein Individual 07. Nov 18 07. Nov 18 -3,000 $29.74 $-89,213
X
Management checks
We assess Chesapeake Lodging Trust's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Chesapeake Lodging Trust has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

CHSP News

Simply Wall St News

Does Chesapeake Lodging Trust (NYSE:CHSP) Have A Volatile Share Price?

Some stocks mimic the volatility of the market quite closely, while others demonstrate muted, exagerrated or uncorrelated price movements. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

Simply Wall St -

How Many Chesapeake Lodging Trust (NYSE:CHSP) Shares Have Insiders Sold, In The Last Year?

So shareholders might well want to know whether insiders have been buying or selling shares in Chesapeake Lodging Trust (NYSE:CHSP). … Chesapeake Lodging Trust Insider Transactions Over The Last Year. … Over the last year we saw more insider selling of Chesapeake Lodging Trust shares, than buying

Simply Wall St -

Chesapeake Lodging Trust (NYSE:CHSP): A Fundamentally Attractive Investment

Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on Chesapeake Lodging Trust (NYSE:CHSP) due to its excellent fundamentals in more than one area.

Simply Wall St -

Is Chesapeake Lodging Trust (NYSE:CHSP) Potentially Undervalued?

Chesapeake Lodging Trust (NYSE:CHSP), which is in the reits business, and is based in United States,. … saw a decent share price growth in the teens level on the NYSE over the last few months. … Let’s take a look at Chesapeake Lodging Trust’s outlook and value based on the most recent financial data to see if the opportunity still exists

Simply Wall St -

Update: Chesapeake Lodging Trust Stock Gained19% In The Last Three Years

Unfortunately for shareholders, while the Chesapeake Lodging Trust (NYSE:CHSP) share price is up 19% in the last three years, that falls short of the market return. … One flawed but reasonable way to assess how sentiment around a company has changed, is to compare the earnings per share (EPS) with the share price. … Chesapeake Lodging Trust was able to grow its EPS at 18% per year over three years, sending the share price higher.

Simply Wall St -

Our Take On Chesapeake Lodging Trust's (NYSE:CHSP) CEO Salary

James Francis became the CEO of Chesapeake Lodging Trust (NYSE:CHSP) in 2009. … Check out our latest analysis for Chesapeake Lodging Trust … How Does James Francis's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Does Chesapeake Lodging Trust (NYSE:CHSP) Have A Volatile Share Price?

Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … While we should keep in mind that Warren Buffett has cautioned that 'Volatility is far from synonymous with risk', beta is still a useful factor to consider. … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Brief Commentary On Chesapeake Lodging Trust's (NYSE:CHSP) Fundamentals

I've been keeping an eye on Chesapeake Lodging Trust (NYSE:CHSP) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe CHSP has a lot to offer. … dividend-paying company

Simply Wall St -

Is Chesapeake Lodging Trust (NYSE:CHSP) A High Quality Stock To Own?

Chesapeake Lodging Trust has a ROE of 10%, based on the last twelve months. … One way to conceptualize this, is that for each $1 of shareholders' equity it has, the company made $0.10 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Did Chesapeake Lodging Trust (NYSE:CHSP) Insiders Sell Shares?

So before you buy or sell Chesapeake Lodging Trust (NYSE:CHSP), you may well want to know whether insiders have been buying or selling. … The Last 12 Months Of Insider Transactions At Chesapeake Lodging Trust. … In the last twelve months insiders netted US$7.2m for 239.61k shares sold

Simply Wall St -

CHSP Company Info

Description

Chesapeake Lodging Trust is a self-advised lodging real estate investment trust (REIT) focused on investments primarily in upper-upscale hotels in major business and convention markets and, on a selective basis, premium select-service hotels in urban settings or unique locations in the United States. The Trust owns 20 hotels with an aggregate of 6,288 rooms in eight states and the District of Columbia.

Details
Name: Chesapeake Lodging Trust
CHSP
Exchange: NYSE
Founded: 2009
$1,785,399,154
59,812,367
Website: http://www.chesapeakelodgingtrust.com
Address: Chesapeake Lodging Trust
4300 Wilson Boulevard,
Suite 625,
Arlington,
Virginia, 22203,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE CHSP Common Shares New York Stock Exchange US USD 22. Jan 2010
Number of employees
Current staff
Staff numbers
13
Chesapeake Lodging Trust employees.
Industry
Hotel and Resort REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/26 00:21
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2019/05/18
Last earnings filing: 2019/05/08
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.