LaSalle Hotel Properties is a leading multi-operator real estate investment trust. The Company owns 41 properties, which are upscale, full-service hotels, totaling approximately 10,400 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. LaSalle Hotel Properties seeks to grow through strategic relationships with premier lodging groups, including Access Hotels & Resorts, Accor, Benchmark Hospitality, Davidson Hotel Company, Evolution Hospitality, HEI Hotels & Resorts, Highgate Hotels, Hilton, Hyatt Hotels Corporation, IHG, JRK Hotel Group, Inc., Marriott International, Noble House Hotels & Resorts, Outrigger Lodging Services, Provenance Hotels, Two Roads Hospitality, and Viceroy Hotel Group.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustrySpecialized REITs
SectorFinance
SymbolNYSE:LHO
CUSIP51794210
Phone301-941-1500
Debt
Debt-to-Equity Ratio0.46
Current Ratio1.87
Quick Ratio1.87
Price-To-Earnings
Trailing P/E Ratio14.14
Forward P/E Ratio15.73
P/E GrowthN/A
Sales & Book Value
Annual Sales$1.10 billion
Price / Sales3.49
Cash Flow$3.5025 per share
Price / Cash9.97
Book Value$21.87 per share
Price / Book1.60
Profitability
EPS (Most Recent Fiscal Year)$2.47
Net Income$195.03 million
Net Margins9.55%
Return on Equity4.46%
Return on Assets2.88%
Miscellaneous
Employees36
Outstanding Shares110,380,000
LaSalle Hotel Properties (NYSE:LHO) Frequently Asked Questions
What is LaSalle Hotel Properties' stock symbol?
LaSalle Hotel Properties trades on the New York Stock Exchange (NYSE) under the ticker symbol "LHO."
How often does LaSalle Hotel Properties pay dividends? What is the dividend yield for LaSalle Hotel Properties?
LaSalle Hotel Properties announced a quarterly dividend on Friday, June 15th. Investors of record on Friday, June 29th will be paid a dividend of $0.225 per share on Monday, July 16th. This represents a $0.90 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend is Thursday, June 28th. View LaSalle Hotel Properties' Dividend History.
How will LaSalle Hotel Properties' stock buyback program work?
LaSalle Hotel Properties announced that its board has approved a stock repurchase plan on Saturday, April 8th 2017, which authorizes the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 14.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its stock is undervalued.
How were LaSalle Hotel Properties' earnings last quarter?
LaSalle Hotel Properties (NYSE:LHO) issued its quarterly earnings results on Thursday, May, 10th. The real estate investment trust reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of $0.27 by $0.37. The real estate investment trust earned $223 million during the quarter, compared to analyst estimates of $216.67 million. LaSalle Hotel Properties had a return on equity of 4.46% and a net margin of 9.55%. The company's revenue for the quarter was down 12.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.67 EPS. View LaSalle Hotel Properties' Earnings History.
When is LaSalle Hotel Properties' next earnings date?
What guidance has LaSalle Hotel Properties issued on next quarter's earnings?
LaSalle Hotel Properties issued an update on its FY18 earnings guidance on Thursday, May, 10th. The company provided EPS guidance of $2.16-2.19 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.12. LaSalle Hotel Properties also updated its Q2 guidance to $0.74-0.77 EPS.
What price target have analysts set for LHO?
17 equities research analysts have issued 12 month price targets for LaSalle Hotel Properties' stock. Their forecasts range from $24.00 to $35.00. On average, they expect LaSalle Hotel Properties' share price to reach $27.1923 in the next year. View Analyst Ratings for LaSalle Hotel Properties.
What are Wall Street analysts saying about LaSalle Hotel Properties stock?
Here are some recent quotes from research analysts about LaSalle Hotel Properties stock:
- 1. According to Zacks Investment Research, "Lasalle Hotel Properties, which intends to operate as a real estate investment trust for federal income tax purposes, has been formed to own hotel properties and to continue and expand the hotel investment activities of LaSalle Partners Incorporated and certain of its affiliates collectively, LaSalle. LaSalle is an institutionally respected real estate services and investment firm which has extensive experience in the acquisition, investment management, finance, development and disposition of hotel properties. " (5/9/2018)
- 2. Boenning Scattergood analysts commented, "We remain Underperform-rated on LHO shares, but believe further weakness could eventually entice potential bidders for this high-quality portfolio. Key Points: FFO In-Line: LHO reported fourth quarter Adjusted FFO of $0.53 per share, in-line with both consensus and B&S. Full year Adjusted FFO was $2.47 per share compared to $2.90 in 2016, a 14.8% decline." (2/22/2018)
Are investors shorting LaSalle Hotel Properties?
LaSalle Hotel Properties saw a increase in short interest in the month of May. As of May 31st, there was short interest totalling 6,998,340 shares, an increase of 159.3% from the May 15th total of 2,699,413 shares. Based on an average daily trading volume, of 5,172,852 shares, the short-interest ratio is currently 1.4 days. Currently, 6.4% of the shares of the stock are sold short. View LaSalle Hotel Properties' Current Options Chain.
Who are some of LaSalle Hotel Properties' key competitors?
Some companies that are related to LaSalle Hotel Properties include Essex Property Trust (ESS), Realty Income (O), Vornado Realty Trust (VNO), Alexandria Real Estate Equities (ARE), Gecina (GECFF), Klépierre (KLPEF), Extra Space Storage (EXR), ANNALY Cap Mgmt/SH (NLY), HCP (HCP), Mid-America Apartment Communities (MAA), SINO Ld Ltd/S (SNLAY), Duke Realty (DRE), Regency Centers (REG), UDR (UDR) and Iron Mountain (IRM).
Who are LaSalle Hotel Properties' key executives?
LaSalle Hotel Properties' management team includes the folowing people:
- Mr. Michael D. Barnello, Pres, CEO & Trustee (Age 53)
- Mr. Kenneth G. Fuller, CFO, Exec. VP, Sec. & Treasurer (Age 40)
- Mr. Alfred L. Young Jr., Exec. VP & COO (Age 50)
- Mr. Ian Gaum, Chief Investment Officer
Has LaSalle Hotel Properties been receiving favorable news coverage?
News coverage about LHO stock has trended somewhat positive recently, according to Accern Sentiment. The research firm scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. LaSalle Hotel Properties earned a media sentiment score of 0.07 on Accern's scale. They also gave media stories about the real estate investment trust an impact score of 45.67 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the next few days.
Who are LaSalle Hotel Properties' major shareholders?
LaSalle Hotel Properties' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (13.53%), HG VORA CAPITAL MANAGEMENT, LLC (9.10%), HG VORA CAPITAL MANAGEMENT, LLC (8.20%),
HG VORA CAPITAL MANAGEMENT, LLC
(7.10%),
HG VORA CAPITAL MANAGEMENT, LLC
(7.10%) and HG Vora Capital Management LLC (7.25%). Company insiders that own LaSalle Hotel Properties stock include Alfred L Young and Michael D Barnello. View Institutional Ownership Trends for LaSalle Hotel Properties.
Which major investors are selling LaSalle Hotel Properties stock?
LHO stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Principal Financial Group Inc., Principal Financial Group Inc., Nuveen Asset Management LLC, Wells Fargo & Company MN, Sei Investments Co., Seizert Capital Partners LLC and Royal Bank of Canada. View Insider Buying and Selling for LaSalle Hotel Properties.
Which major investors are buying LaSalle Hotel Properties stock?
LHO stock was acquired by a variety of institutional investors in the last quarter, including HG Vora Capital Management LLC, Zimmer Partners LP, Centersquare Investment Management LLC, Millennium Management LLC, Russell Investments Group Ltd., Long Pond Capital LP, BlackRock Inc. and Kempen Capital Management N.V.. View Insider Buying and Selling for LaSalle Hotel Properties.
How do I buy shares of LaSalle Hotel Properties?
Shares of LHO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is LaSalle Hotel Properties' stock price today?
One share of LHO stock can currently be purchased for approximately $34.92.
How big of a company is LaSalle Hotel Properties?
LaSalle Hotel Properties has a market capitalization of $3.84 billion and generates $1.10 billion in revenue each year. The real estate investment trust earns $195.03 million in net income (profit) each year or $2.47 on an earnings per share basis. LaSalle Hotel Properties employs 36 workers across the globe.
How can I contact LaSalle Hotel Properties?
LaSalle Hotel Properties' mailing address is 7550 WISCONSIN AVE 10TH FLOOR, BETHESDA MD, 20814. The real estate investment trust can be reached via phone at 301-941-1500 or via email at [email protected]
MarketBeat Community Rating for LaSalle Hotel Properties (LHO)
MarketBeat's community ratings are surveys of what our community members think about LaSalle Hotel Properties and other stocks. Vote "Outperform" if you believe LHO will outperform the S&P 500 over the long term. Vote "Underperform" if you believe LHO will underperform the S&P 500 over the long term. You may vote once every thirty days.
