Today, a Director at Chesapeake Lodging (CHSP), Jeffrey Nuechterlein, bought shares of CHSP for $45.17K.
Following this transaction Jeffrey Nuechterlein’s holding in the company was increased by 11.4% to a total of $443.7K. This is Nuechterlein’s first Buy trade following 4 Sell transactions.
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Based on Chesapeake Lodging’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $156 million and quarterly net profit of $53.11 million. In comparison, last year the company earned revenue of $142 million and had a net profit of $27.48 million. CHSP’s market cap is $1.83B and the company has a P/E ratio of 16.28. Currently, Chesapeake Lodging has an average volume of 287.2K.
Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $30.50, reflecting a 1.3% upside.
The insider sentiment on Chesapeake Lodging has been negative according to 30 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Jeffrey Nuechterlein’s trades have generated a 10.9% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Chesapeake Lodging Trust engages in the management and operation of hotels. Its portfolio includes The Royal Palm, Hyatt Regency, Le Meridien, JW Marriott, Hotel Adagio, Ace Hotel, Hilton Checkers, Homewood Suites, and Hotel Indigo. The company was founded by Douglas W. Vicari and James L. Francis on June 12, 2009 and is headquartered in Annapolis, MD.
