LaSalle Hotel Properties (LHO) to Release Earnings on Tuesday

LaSalle Hotel Properties (NYSE:LHO) is scheduled to post its quarterly earnings results after the market closes on Tuesday, February 20th. Analysts expect LaSalle Hotel Properties to post earnings of $0.15 per share for the quarter.

Shares of LaSalle Hotel Properties (LHO) opened at $28.56 on Tuesday. The stock has a market cap of $3,246.36, a P/E ratio of 17.63, a P/E/G ratio of 2.45 and a beta of 1.12. LaSalle Hotel Properties has a 1 year low of $27.44 and a 1 year high of $31.75. The company has a current ratio of 3.22, a quick ratio of 3.22 and a debt-to-equity ratio of 0.45.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 6.30%. The ex-dividend date of this dividend was Thursday, December 28th. LaSalle Hotel Properties’s dividend payout ratio (DPR) is presently 111.11%.

Several brokerages have issued reports on LHO. Boenning Scattergood reaffirmed a “hold” rating on shares of LaSalle Hotel Properties in a research report on Monday, October 23rd. TheStreet downgraded shares of LaSalle Hotel Properties from a “b” rating to a “c+” rating in a research report on Friday, October 20th. Zacks Investment Research raised shares of LaSalle Hotel Properties from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research report on Tuesday, January 9th. Stifel Nicolaus reaffirmed a “hold” rating on shares of LaSalle Hotel Properties in a research report on Tuesday, October 17th. Finally, ValuEngine downgraded shares of LaSalle Hotel Properties from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Eight analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. LaSalle Hotel Properties has a consensus rating of “Hold” and an average price target of $28.00.

In other news, COO Alfred L. Young sold 17,750 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $28.28, for a total transaction of $501,970.00. Following the completion of the transaction, the chief operating officer now directly owns 88,808 shares in the company, valued at approximately $2,511,490.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.38% of the company’s stock.

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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)

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