Equities analysts predict that LaSalle Hotel Properties (NYSE:LHO) will announce $294.32 million in sales for the current fiscal quarter, according to Zacks. Nine analysts have issued estimates for LaSalle Hotel Properties’ earnings. The highest sales estimate is $302.08 million and the lowest is $287.07 million. LaSalle Hotel Properties reported sales of $326.94 million during the same quarter last year, which would indicate a negative year over year growth rate of 10%. The company is expected to issue its next earnings results after the market closes on Thursday, October 19th.

According to Zacks, analysts expect that LaSalle Hotel Properties will report full-year sales of $294.32 million for the current financial year, with estimates ranging from $1.11 billion to $1.18 billion. For the next financial year, analysts expect that the firm will report sales of $1.11 billion per share, with estimates ranging from $1.07 billion to $1.18 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover LaSalle Hotel Properties.

LaSalle Hotel Properties (NYSE:LHO) last released its quarterly earnings results on Wednesday, July 19th. The real estate investment trust reported $0.81 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.01). The firm had revenue of $307.04 million during the quarter, compared to analysts’ expectations of $318.94 million. LaSalle Hotel Properties had a return on equity of 13.05% and a net margin of 27.85%. LaSalle Hotel Properties’s revenue for the quarter was down 12.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.95 earnings per share.

LHO has been the topic of several analyst reports. Robert W. Baird set a $31.00 target price on shares of LaSalle Hotel Properties and gave the company a “hold” rating in a report on Sunday, October 1st. BidaskClub cut shares of LaSalle Hotel Properties from a “hold” rating to a “sell” rating in a research note on Friday, August 25th. Boenning Scattergood cut shares of LaSalle Hotel Properties from an “outperform” rating to a “neutral” rating in a research note on Thursday, August 24th. Goldman Sachs Group, Inc. (The) cut shares of LaSalle Hotel Properties from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $25.00 to $24.00 in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research cut shares of LaSalle Hotel Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, September 20th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $28.86.

Several large investors have recently bought and sold shares of the company. First Mercantile Trust Co. lifted its stake in LaSalle Hotel Properties by 1.9% during the second quarter. First Mercantile Trust Co. now owns 3,790 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 70 shares in the last quarter. Laurel Wealth Advisors Inc. lifted its position in shares of LaSalle Hotel Properties by 0.7% in the first quarter. Laurel Wealth Advisors Inc. now owns 31,050 shares of the real estate investment trust’s stock worth $898,000 after purchasing an additional 225 shares in the last quarter. GAM Holding AG lifted its position in shares of LaSalle Hotel Properties by 3.7% in the second quarter. GAM Holding AG now owns 9,786 shares of the real estate investment trust’s stock worth $292,000 after purchasing an additional 347 shares in the last quarter. IFP Advisors Inc lifted its position in shares of LaSalle Hotel Properties by 14.9% in the second quarter. IFP Advisors Inc now owns 4,577 shares of the real estate investment trust’s stock worth $136,000 after purchasing an additional 592 shares in the last quarter. Finally, Capstone Asset Management Co. lifted its position in shares of LaSalle Hotel Properties by 6.4% in the second quarter. Capstone Asset Management Co. now owns 11,385 shares of the real estate investment trust’s stock worth $339,000 after purchasing an additional 680 shares in the last quarter.

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LaSalle Hotel Properties (NYSE:LHO) traded up 0.03% during midday trading on Wednesday, reaching $29.76. 214,227 shares of the company’s stock traded hands. The company has a market capitalization of $3.37 billion, a PE ratio of 11.06 and a beta of 1.18. The firm’s 50 day moving average price is $28.68 and its 200-day moving average price is $29.12. LaSalle Hotel Properties has a 1-year low of $23.05 and a 1-year high of $31.87.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be given a $0.45 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.80 dividend on an annualized basis and a yield of 6.05%. LaSalle Hotel Properties’s dividend payout ratio is presently 66.91%.

About LaSalle Hotel Properties

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).

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Earnings History and Estimates for LaSalle Hotel Properties (NYSE:LHO)

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