LaSalle Hotel Properties (LHO) Scheduled to Post Earnings on Wednesday
LaSalle Hotel Properties (NYSE:LHO) is scheduled to announce its Q316 earnings results on Wednesday, October 19th. Analysts expect the company to announce earnings of $0.87 per share and revenue of $328.95 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.
LaSalle Hotel Properties (NYSE:LHO) last announced its quarterly earnings data on Wednesday, July 20th. The real estate investment trust reported $0.95 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.95. The firm earned $351.10 million during the quarter, compared to the consensus estimate of $344.43 million. LaSalle Hotel Properties had a return on equity of 6.51% and a net margin of 11.54%. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 EPS. On average, analysts expect LaSalle Hotel Properties to post $2.92 EPS for the current fiscal year and $2.79 EPS for the next fiscal year.
LaSalle Hotel Properties (NYSE:LHO) opened at 24.55 on Tuesday. The firm has a 50-day moving average price of $25.07 and a 200-day moving average price of $24.93. LaSalle Hotel Properties has a 52 week low of $19.01 and a 52 week high of $32.10. The company has a market cap of $2.78 billion, a P/E ratio of 21.54 and a beta of 1.35.
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The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 17th. Stockholders of record on Friday, September 30th were given a $0.45 dividend. The ex-dividend date was Wednesday, September 28th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.33%. LaSalle Hotel Properties’s dividend payout ratio is currently 157.90%.
LHO has been the topic of a number of recent analyst reports. Deutsche Bank AG reiterated a “hold” rating on shares of LaSalle Hotel Properties in a research report on Sunday, June 26th. TheStreet upgraded LaSalle Hotel Properties from a “hold” rating to a “buy” rating in a research report on Monday, July 18th. Zacks Investment Research lowered LaSalle Hotel Properties from a “hold” rating to a “sell” rating in a research report on Thursday, July 21st. Credit Suisse Group AG lowered LaSalle Hotel Properties from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $26.00 to $25.00 in a research report on Thursday, July 21st. Finally, Barclays PLC set a $25.00 price target on LaSalle Hotel Properties and gave the company a “sell” rating in a research report on Thursday, July 21st. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and one has issued a buy rating to the stock. LaSalle Hotel Properties has a consensus rating of “Hold” and an average price target of $26.85.
In other news, COO Alfred L. Young sold 17,000 shares of the business’s stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $28.11, for a total value of $477,870.00. Following the completion of the transaction, the chief operating officer now owns 90,024 shares in the company, valued at $2,530,574.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael D. Barnello sold 150,000 shares of the business’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $28.49, for a total value of $4,273,500.00. The disclosure for this sale can be found here. 0.54% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Hsbc Holdings PLC boosted its stake in LaSalle Hotel Properties by 2.5% in the second quarter. Hsbc Holdings PLC now owns 18,346 shares of the real estate investment trust’s stock worth $433,000 after buying an additional 445 shares during the period. Ameritas Investment Partners Inc. boosted its stake in LaSalle Hotel Properties by 2.0% in the second quarter. Ameritas Investment Partners Inc. now owns 26,194 shares of the real estate investment trust’s stock worth $618,000 after buying an additional 502 shares during the period. Mackenzie Financial Corp boosted its stake in LaSalle Hotel Properties by 7.3% in the second quarter. Mackenzie Financial Corp now owns 18,120 shares of the real estate investment trust’s stock worth $427,000 after buying an additional 1,237 shares during the period. Comerica Bank boosted its stake in LaSalle Hotel Properties by 2.2% in the second quarter. Comerica Bank now owns 78,874 shares of the real estate investment trust’s stock worth $2,226,000 after buying an additional 1,667 shares during the period. Finally, Sei Investments Co. boosted its stake in LaSalle Hotel Properties by 1.7% in the second quarter. Sei Investments Co. now owns 138,658 shares of the real estate investment trust’s stock worth $3,269,000 after buying an additional 2,259 shares during the period.
LaSalle Hotel Properties Company Profile
Lasalle Hotel Properties is a self-administered and self-managed real estate investment trust (REIT). The Company primarily buys, owns, redevelops and leases upscale and luxury hotels located in convention, resort and urban business markets. The Company owns interest in approximately 50 hotels with over 12,000 guest rooms located in approximately 10 states and the District of Columbia.
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