Chesapeake Lodging Trust (CHSP) Releases Earnings Results, Beats Expectations By $0.01 EPS

Chesapeake Lodging Trust (CHSP) reported quarterly earnings results on Friday, Jul-29-2016. The company said it had a profit of $0.75 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.74. The company posted revenue of $169.40 million in the period, compared to analysts expectations of $171.20 million. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 EPS.

Chesapeake Lodging Trust opened for trading at $24.43 and hit $24.96 on the upside on Thursday, eventually ending the session at $24.93, with a gain of 1.84% or 0.45 points. The heightened volatility saw the trading volume jump to 2,02,930 shares. Company has a market cap of $1,498 M.

In a different news, on Nov 13, 2015, Douglas W Vicari (CFO) purchased 10,000 shares at $27.50 per share price. According to the SEC, on Nov 9, 2015, Graham J. Wootten (SVP, CAO & Secretary) purchased 930 shares at $27.25 per share price. On Aug 31, 2015, Jeffrey D Nuechterlein (director) purchased 3,000 shares at $29.53 per share price, according to the Form-4 filing with the securities and exchange commission.

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 a selective basis select-service hotels in urban settings or locations in the United States. The Trust owns approximately 20 hotels with an aggregate of 6116 rooms in eight states and the District of Columbia. The Trust’s hotel portfolio includes Le Meridien San Francisco Hyatt Regency Boston Hilton Checkers Los Angeles Hyatt Herald Square New York Hyatt Santa Barbara JW Marriott San Francisco Union Square and Denver Marriott City Center among others. The Trust’s operations are conducted through Chesapeake Lodging L.P. its operating partnership (the Operating Partnership). The Operating Partnership leases its hotels to CHSP TRS LLC (CHSP TRS) which is a wholly owned subsidiary of the Operating Partnership.

Chesapeake Lodging Trust

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