Brokerages expect that LaSalle Hotel Properties (NYSE:LHO) will report sales of $261.39 million for the current fiscal quarter, according to Zacks. Nine analysts have issued estimates for LaSalle Hotel Properties’ earnings, with the lowest sales estimate coming in at $250.08 million and the highest estimate coming in at $271.01 million. LaSalle Hotel Properties posted sales of $289.49 million during the same quarter last year, which would indicate a negative year over year growth rate of 9.7%. The company is expected to issue its next quarterly earnings results on Wednesday, February 28th.

On average, analysts expect that LaSalle Hotel Properties will report full-year sales of $261.39 million for the current fiscal year, with estimates ranging from $1.10 billion to $1.12 billion. For the next year, analysts forecast that the firm will post sales of $1.08 billion per share, with estimates ranging from $1.06 billion to $1.11 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow LaSalle Hotel Properties.

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

Several equities research analysts have issued reports on LHO shares. Stifel Nicolaus reaffirmed a “hold” rating on shares of LaSalle Hotel Properties in a research note on Tuesday, October 17th. Zacks Investment Research raised LaSalle Hotel Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Goldman Sachs Group, Inc. (The) lowered LaSalle Hotel Properties from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $25.00 to $24.00 in a research note on Wednesday, August 2nd. Robert W. Baird set a $31.00 price target on LaSalle Hotel Properties and gave the stock a “hold” rating in a research note on Sunday, October 1st. Finally, Barclays PLC dropped 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, October 23rd. Five investment analysts have rated the stock with a sell rating and thirteen have given a hold rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $28.47.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased its holdings in shares of LaSalle Hotel Properties by 2.8% in the third quarter. Public Employees Retirement System of Ohio now owns 147,426 shares of the real estate investment trust’s stock worth $4,278,000 after buying an additional 4,072 shares during the period. California Public Employees Retirement System increased its holdings in shares of LaSalle Hotel Properties by 3.7% in the third quarter. California Public Employees Retirement System now owns 320,623 shares of the real estate investment trust’s stock worth $9,304,000 after buying an additional 11,364 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of LaSalle Hotel Properties by 58.1% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,766 shares of the real estate investment trust’s stock worth $312,000 after buying an additional 3,956 shares during the period. Cubist Systematic Strategies LLC purchased a new position in shares of LaSalle Hotel Properties in the third quarter worth about $601,000. Finally, AMP Capital Investors Ltd increased its holdings in shares of LaSalle Hotel Properties by 251.2% in the third quarter. AMP Capital Investors Ltd now owns 157,144 shares of the real estate investment trust’s stock worth $4,561,000 after buying an additional 112,400 shares during the period.

Shares of LaSalle Hotel Properties (NYSE:LHO) opened at $28.34 on Wednesday. The stock has a market capitalization of $3,190.87, a price-to-earnings ratio of 11.01, a P/E/G ratio of 2.29 and a beta of 1.12. LaSalle Hotel Properties has a 52 week low of $26.82 and a 52 week high of $31.87. The company has a debt-to-equity ratio of 0.45, a quick ratio of 3.22 and a current ratio of 3.22.

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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