Brokerages Expect LaSalle Hotel Properties (LHO) to Post $0.53 Earnings Per Share

Analysts expect that LaSalle Hotel Properties (NYSE:LHO) will post earnings of $0.53 per share for the current fiscal quarter, according to Zacks. Nine analysts have provided estimates for LaSalle Hotel Properties’ earnings, with the lowest EPS estimate coming in at $0.47 and the highest estimate coming in at $0.61. LaSalle Hotel Properties reported earnings of $0.62 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 14.5%. The firm is scheduled to issue its next quarterly earnings report after the market closes on Tuesday, February 20th.

On average, analysts expect that LaSalle Hotel Properties will report full-year earnings of $2.46 per share for the current financial year, with EPS estimates ranging from $2.41 to $2.52. For the next fiscal year, analysts expect that the company will post earnings of $2.33 per share, with EPS estimates ranging from $2.21 to $2.43. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow LaSalle Hotel Properties.

Several equities research analysts have weighed in on LHO shares. Zacks Investment Research raised shares of LaSalle Hotel Properties from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research note on Tuesday, January 9th. TheStreet downgraded shares of LaSalle Hotel Properties from a “b” rating to a “c+” rating in a research note on Friday, October 20th. Morgan Stanley decreased their price target on shares of LaSalle Hotel Properties from $29.00 to $27.00 and set an “equal weight” rating for the company in a research note on Monday, October 23rd. Robert W. Baird set a $30.00 price target on shares of LaSalle Hotel Properties and gave the company a “hold” rating in a research note on Monday, October 23rd. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of LaSalle Hotel Properties in a research note on Monday, October 23rd. Eight research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. The stock currently has an average rating of “Hold” and an average price target of $28.00.

In other news, COO Alfred L. Young sold 17,750 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $28.28, for a total transaction of $501,970.00. Following the completion of the sale, the chief operating officer now directly owns 88,808 shares of the company’s stock, valued at $2,511,490.24. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.38% of the company’s stock.

Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in shares of LaSalle Hotel Properties by 14.9% during the third quarter. JPMorgan Chase & Co. now owns 1,201,025 shares of the real estate investment trust’s stock worth $34,831,000 after acquiring an additional 155,893 shares in the last quarter. Brookfield Asset Management Inc. bought a new stake in shares of LaSalle Hotel Properties during the second quarter worth about $72,146,000. Alpha Windward LLC increased its position in shares of LaSalle Hotel Properties by 1,435.5% during the third quarter. Alpha Windward LLC now owns 17,842 shares of the real estate investment trust’s stock worth $518,000 after acquiring an additional 16,680 shares in the last quarter. Royce & Associates LP bought a new stake in shares of LaSalle Hotel Properties during the third quarter worth about $798,000. Finally, Bank of New York Mellon Corp increased its position in shares of LaSalle Hotel Properties by 65.1% during the third quarter. Bank of New York Mellon Corp now owns 4,147,536 shares of the real estate investment trust’s stock worth $120,362,000 after acquiring an additional 1,635,160 shares in the last quarter.

LaSalle Hotel Properties (LHO) traded up $0.26 on Wednesday, reaching $28.89. 2,637,604 shares of the company’s stock traded hands, compared to its average volume of 1,710,552. LaSalle Hotel Properties has a 12-month low of $27.44 and a 12-month 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 company has a market capitalization of $3,233.90, a P/E ratio of 17.83, a P/E/G ratio of 2.45 and a beta of 1.12.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 6.23%. The ex-dividend date was Thursday, December 28th. LaSalle Hotel Properties’s payout ratio is presently 111.11%.

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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).

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

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