Zacks: Brokerages Anticipate LaSalle Hotel Properties (LHO) to Post $0.68 Earnings Per Share

Brokerages predict that LaSalle Hotel Properties (NYSE:LHO) will report $0.68 earnings per share for the current quarter, Zacks reports. Eight analysts have issued estimates for LaSalle Hotel Properties’ earnings, with the highest EPS estimate coming in at $0.77 and the lowest estimate coming in at $0.63. LaSalle Hotel Properties also reported earnings per share of $0.68 in the same quarter last year. The firm is scheduled to announce its next earnings report after the market closes on Thursday, November 1st.

On average, analysts expect that LaSalle Hotel Properties will report full-year earnings of $2.28 per share for the current financial year, with EPS estimates ranging from $2.18 to $2.40. For the next year, analysts forecast that the company will post earnings of $2.35 per share, with EPS estimates ranging from $2.24 to $2.39. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow LaSalle Hotel Properties.

LaSalle Hotel Properties (NYSE:LHO) last released its quarterly earnings data on Thursday, August 9th. The real estate investment trust reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by ($0.49). LaSalle Hotel Properties had a net margin of 7.08% and a return on equity of 3.31%. The business had revenue of $304.60 million for the quarter, compared to the consensus estimate of $300.86 million. During the same quarter last year, the business earned $0.81 EPS. LaSalle Hotel Properties’s revenue for the quarter was down .8% compared to the same quarter last year.

LHO has been the subject of several research reports. JPMorgan Chase & Co. increased their price objective on shares of LaSalle Hotel Properties from $29.00 to $30.00 and gave the company a “neutral” rating in a research report on Friday, August 10th. Zacks Investment Research upgraded shares of LaSalle Hotel Properties from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research report on Friday, August 10th. Barclays reiterated a “hold” rating and set a $39.00 price objective on shares of LaSalle Hotel Properties in a research report on Sunday, September 9th. Finally, ValuEngine upgraded shares of LaSalle Hotel Properties from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company’s stock. LaSalle Hotel Properties presently has a consensus rating of “Hold” and an average price target of $29.54.

LHO stock opened at $31.76 on Friday. LaSalle Hotel Properties has a 52 week low of $24.10 and a 52 week high of $36.13. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.86 and a quick ratio of 1.86. The firm has a market cap of $3.82 billion, a price-to-earnings ratio of 12.86, a price-to-earnings-growth ratio of 3.03 and a beta of 1.07.

Several institutional investors have recently added to or reduced their stakes in the company. Hsbc Holdings PLC lifted its holdings in shares of LaSalle Hotel Properties by 13.5% in the 1st quarter. Hsbc Holdings PLC now owns 15,833 shares of the real estate investment trust’s stock worth $459,000 after acquiring an additional 1,881 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of LaSalle Hotel Properties by 1.9% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 113,222 shares of the real estate investment trust’s stock worth $3,876,000 after acquiring an additional 2,090 shares during the last quarter. Mutual of America Capital Management LLC lifted its holdings in shares of LaSalle Hotel Properties by 2.5% in the 2nd quarter. Mutual of America Capital Management LLC now owns 94,906 shares of the real estate investment trust’s stock worth $3,249,000 after acquiring an additional 2,311 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in shares of LaSalle Hotel Properties by 1.7% in the 1st quarter. New York State Common Retirement Fund now owns 143,390 shares of the real estate investment trust’s stock worth $4,160,000 after acquiring an additional 2,421 shares during the last quarter. Finally, OppenheimerFunds Inc. lifted its holdings in shares of LaSalle Hotel Properties by 3.1% in the 2nd quarter. OppenheimerFunds Inc. now owns 81,368 shares of the real estate investment trust’s stock worth $2,785,000 after acquiring an additional 2,480 shares during the last quarter. Hedge funds and other institutional investors own 97.90% of the company’s stock.

LaSalle Hotel Properties Company Profile

LaSalle Hotel Properties is a leading multi-operator real estate investment trust. The Company owns 41 properties, which are upscale, full-service hotels, totaling 10,452 guest rooms in 11 markets in seven states and the District of Columbia. The Company focuses on owning, redeveloping and repositioning upscale, full-service hotels located in urban, resort and convention markets.

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

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