The EVP & COO of Chesapeake Lodging (NYSE: CHSP) is Selling Shares


Today, the EVP & COO of Chesapeake Lodging (NYSE: CHSP), Rick Adams, sold shares of CHSP for $2.25M.

Following Rick Adams’ last CHSP Sell transaction on August 24, 2015, the stock climbed by 5.0%.

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Based on Chesapeake Lodging’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $135 million and quarterly net profit of $6.43 million. In comparison, last year the company earned revenue of $135 million and had a net profit of $7.9 million. The company has a one-year high of $30.21 and a one-year low of $22.55. CHSP’s market cap is $1.79B and the company has a P/E ratio of 24.57.

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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.

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