Revenue Update on Chesapeake Lodging Trust(NYSE:CHSP)

Chesapeake Lodging Trust(NYSE:CHSP) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $145.128M. Analysts estimated a revenue of $142.950M. The revenues were 1.52% above the estimates. Earnings per share were $0.48. The reported EPS was above estimates by 182.35%. Analysts had estimated an EPS of $0.17.

Chesapeake Lodging Trust (CHSP) shares turned negative on Wednesdays trading session with the shares closing down -0.23 points or -0.90% at a volume of 4,40,575. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $25.78. The peak price level was also seen at $25.78 while the days lowest was $25.11. Finally the shares closed at $25.4. The 52-week high of the shares is $27.18 while the 52-week low is $20.81. According to the latest information available, the market cap of the company is $1,527 M.

Several Insider Transactions has been reported to the SEC. On Dec 19, 2016, Douglas W Vicari (CFO) purchased 1,000 shares at $26.69 per share price.Also, On Nov 29, 2016, James L Francis (CEO) purchased 2,500 shares at $23.26 per share price.On Nov 21, 2016, George F Mckenzie (director) purchased 1,500 shares at $22.84 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.

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