LaSalle Hotel Properties (NYSE:LHO) – Equities research analysts at Boenning Scattergood reduced their FY2017 earnings estimates for LaSalle Hotel Properties in a research note issued to investors on Monday. Boenning Scattergood analyst F. Van. Dijkum now expects that the real estate investment trust will post earnings of $2.47 per share for the year, down from their prior forecast of $2.59. Boenning Scattergood currently has a “Hold” rating on the stock. Boenning Scattergood also issued estimates for LaSalle Hotel Properties’ Q4 2017 earnings at $0.53 EPS, Q1 2018 earnings at $0.35 EPS, Q2 2018 earnings at $0.77 EPS, Q3 2018 earnings at $0.67 EPS and FY2018 earnings at $2.33 EPS.

LaSalle Hotel Properties (NYSE:LHO) last released its earnings results on Thursday, October 19th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.46). The firm had revenue of $285.90 million during the quarter, compared to analysts’ expectations of $295.02 million. LaSalle Hotel Properties had a return on equity of 8.31% and a net margin of 18.10%. The business’s revenue was down 12.5% on a year-over-year basis. During the same period last year, the business earned $0.84 earnings per share.

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A number of other analysts have also recently commented on the company. Barclays PLC lowered their price target on LaSalle Hotel Properties from $28.00 to $27.00 and set an “underweight” rating for the company in a research note on Monday. Morgan Stanley lowered their price target on LaSalle Hotel Properties from $29.00 to $27.00 and set an “equal weight” rating for the company in a research note on Monday. Zacks Investment Research raised LaSalle Hotel Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Stifel Nicolaus reissued a “hold” rating on shares of LaSalle Hotel Properties in a research note on Tuesday, October 17th. Finally, Robert W. Baird set a $31.00 target price on LaSalle Hotel Properties and gave the stock a “hold” rating in a research note on Sunday, October 1st. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company. LaSalle Hotel Properties currently has an average rating of “Hold” and an average price target of $29.32.

LaSalle Hotel Properties (LHO) opened at 27.79 on Tuesday. The stock has a market capitalization of $3.15 billion, a P/E ratio of 10.33 and a beta of 1.18. The stock has a 50 day moving average of $29.14 and a 200 day moving average of $29.21. LaSalle Hotel Properties has a 52-week low of $23.05 and a 52-week high of $31.87.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.80 annualized dividend and a dividend yield of 6.48%. LaSalle Hotel Properties’s dividend payout ratio is currently 111.11%.

Several institutional investors and hedge funds have recently modified their holdings of LHO. UBS Asset Management Americas Inc. grew its stake in shares of LaSalle Hotel Properties by 21.1% during the 1st quarter. UBS Asset Management Americas Inc. now owns 232,063 shares of the real estate investment trust’s stock worth $6,718,000 after acquiring an additional 40,505 shares in the last quarter. OppenheimerFunds Inc. grew its stake in shares of LaSalle Hotel Properties by 36.0% during the 1st quarter. OppenheimerFunds Inc. now owns 61,900 shares of the real estate investment trust’s stock worth $1,792,000 after acquiring an additional 16,401 shares in the last quarter. Teachers Advisors LLC grew its stake in shares of LaSalle Hotel Properties by 256.3% during the 1st quarter. Teachers Advisors LLC now owns 677,053 shares of the real estate investment trust’s stock worth $19,601,000 after acquiring an additional 487,027 shares in the last quarter. Utah Retirement Systems grew its stake in shares of LaSalle Hotel Properties by 10.3% during the 1st quarter. Utah Retirement Systems now owns 8,593 shares of the real estate investment trust’s stock worth $249,000 after acquiring an additional 800 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of LaSalle Hotel Properties by 30.5% during the 1st quarter. Geode Capital Management LLC now owns 1,352,896 shares of the real estate investment trust’s stock worth $39,166,000 after acquiring an additional 316,222 shares in the last quarter.

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 and Estimates for LaSalle Hotel Properties (NYSE:LHO)

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