LaSalle Hotel Properties (NYSE:LHO) released its quarterly earnings data on Wednesday. The real estate investment trust reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.38, Bloomberg Earnings reports. LaSalle Hotel Properties had a return on equity of 13.02% and a net margin of 26.61%. The firm had revenue of $307.04 million for the quarter, compared to analysts’ expectations of $318.94 million. During the same period in the prior year, the firm posted $0.95 earnings per share. The firm’s quarterly revenue was down 12.5% on a year-over-year basis.

LaSalle Hotel Properties (NYSE:LHO) traded up 0.72% during mid-day trading on Wednesday, hitting $30.75. The stock had a trading volume of 839,927 shares. LaSalle Hotel Properties has a one year low of $23.05 and a one year high of $31.87. The company has a market cap of $3.48 billion, a price-to-earnings ratio of 11.43 and a beta of 1.16. The company has a 50 day moving average price of $30.18 and a 200-day moving average price of $29.58.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.85%. The ex-dividend date of this dividend was Wednesday, June 28th. LaSalle Hotel Properties’s dividend payout ratio is currently 66.91%.

A number of research firms recently commented on LHO. BidaskClub upgraded LaSalle Hotel Properties from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Boenning Scattergood reiterated an “outperform” rating and issued a $35.00 price objective on shares of LaSalle Hotel Properties in a report on Tuesday, April 18th. Goldman Sachs Group, Inc. (The) started coverage on LaSalle Hotel Properties in a report on Monday, April 10th. They issued a “neutral” rating and a $27.00 price objective on the stock. Barclays PLC restated an “underweight” rating and set a $28.00 price target (up from $27.00) on shares of LaSalle Hotel Properties in a research note on Sunday, April 23rd. Finally, Zacks Investment Research upgraded LaSalle Hotel Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, June 6th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $28.96.

ILLEGAL ACTIVITY WARNING: This story was first reported by American Banking News and is owned by of American Banking News. If you are accessing this story on another domain, it was illegally stolen and republished in violation of United States & international trademark & copyright laws. The original version of this story can be accessed at

In related news, COO Alfred L. Young sold 15,000 shares of LaSalle Hotel Properties stock in a transaction on Thursday, April 27th. The shares were sold at an average price of $30.44, for a total transaction of $456,600.00. Following the transaction, the chief operating officer now owns 100,027 shares in the company, valued at approximately $3,044,821.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.38% of the company’s stock.

LaSalle Hotel Properties Company Profile

LaSalle Hotel Properties is a self-administered and self-managed real estate investment trust. The Company primarily buys, owns, redevelops and leases upscale and luxury full-service hotels located in convention, resort and urban business markets. As of December 31, 2016, the Company owned interests in 46 hotels with approximately 11,450 guest rooms located in nine states of the United States and the District of Columbia (DC).

Earnings History for LaSalle Hotel Properties (NYSE:LHO)

Receive News & Ratings for LaSalle Hotel Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LaSalle Hotel Properties and related companies with's FREE daily email newsletter.