About LaSalle Hotel Properties (NYSE:LHO)
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). As of December 31, 2016, the Company's properties included Hotel Amarano Burbank; Hilton San Diego Gaslamp Quarter; Hotel Solamar; San Diego Paradise Point Resort and Spa; The Hilton San Diego Resort and Spa; Harbor Court Hotel; The Marker San Francisco; Chamberlain West Hollywood; Le Montrose Suite Hotel; The Grafton on Sunset; Hotel George; Hotel Rouge; Mason & Rook Hotel; The Donovan; The Liaison Capitol Hill; The Marker Waterfront Resort; Hotel Chicago; Onyx Hotel; Park Central Hotel New York; The Heathman Hotel; Westin Philadelphia, and Lansdowne Resort.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Hospitality REITs
- Sub-Industry: Specialized REITs
- Symbol: NYSE:LHO
- CUSIP: 51794210
- Web: www.lasallehotels.com
Capitalization:- Market Cap: $3.23 billion
- Outstanding Shares: 113,232,000
Average Prices:- 50 Day Moving Avg: $29.16
- 200 Day Moving Avg: $29.21
- 52 Week Range: $23.05 - $31.87
P/E:- Trailing P/E Ratio: 10.61
- Foreward P/E Ratio: 33.95
- P/E Growth: -0.79
Sales & Book Value:- Annual Revenue: $1.18 billion
- Price / Sales: 2.74
- Book Value: $22.30 per share
- Price / Book: 1.28
Dividend:- Annual Dividend: $1.80
- Dividend Yield: 5.9%
Profitability:- EBITDA: $371.93 million
- Net Margins: 18.10%
- Return on Equity: 8.27%
- Return on Assets: 5.38%
Debt:- Debt-to-Equity Ratio: 0.44%
- Current Ratio: 3.34%
- Quick Ratio: 3.34%
Misc:- Average Volume: 1.04 million shs.
- Beta: 1.18
- Short Ratio: 10
Frequently Asked Questions for LaSalle Hotel Properties (NYSE:LHO)
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 declared a quarterly dividend on Friday, September 15th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.45 per share on Monday, October 16th. This represents a $1.80 dividend on an annualized basis and a yield of 6.31%. The ex-dividend date of this dividend is Thursday, September 28th. View LaSalle Hotel Properties' Dividend History.
How will LaSalle Hotel Properties' stock buyback program work?
LaSalle Hotel Properties declared that its Board of Directors has approved a stock repurchase program on Saturday, April 8th 2017, which permits the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 14.8% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its stock is undervalued.
How were LaSalle Hotel Properties' earnings last quarter?
LaSalle Hotel Properties (NYSE:LHO) issued its earnings results on Thursday, October, 19th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.73 by $0.46. The company earned $285.90 million during 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 8.27%. LaSalle Hotel Properties's quarterly revenue was down 12.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.84 earnings per share. View LaSalle Hotel Properties' Earnings History.
When will LaSalle Hotel Properties make its next earnings announcement?
Where is LaSalle Hotel Properties' stock going? Where will LaSalle Hotel Properties' stock price be in 2017?
12 equities research analysts have issued 1 year target prices for LaSalle Hotel Properties' shares. Their predictions range from $24.00 to $35.00. On average, they expect LaSalle Hotel Properties' share price to reach $29.41 in the next twelve months. View Analyst Ratings for LaSalle Hotel Properties.
What are analysts saying about LaSalle Hotel Properties stock?
Here are some recent quotes from research analysts about LaSalle Hotel Properties stock:
- 1. Boenning Scattergood analysts commented, "We are lowering estimates for both 4Q17 and FY2018, suggesting that the company’s 2018 dividend is uncovered by AFFO without meaningful share repurchases." (10/23/2017)
- 2. 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. " (10/18/2017)
Who are some of LaSalle Hotel Properties' key competitors?
Some companies that are related to LaSalle Hotel Properties include Park Hotels & Resorts (PK), Hospitality Properties Trust (HPT), Apple Hospitality REIT (APLE), Strategic Hotels and Resorts (BEE), Sunstone Hotel Investors (SHO), RLJ Lodging Trust (RLJ), Pebblebrook Hotel Trust (PEB), Xenia Hotels & Resorts (XHR), Diamondrock Hospitality Company (DRH), MGM Growth Properties LLC (MGP), Summit Hotel Properties (INN), Chesapeake Lodging Trust (CHSP), FelCor Lodging Trust Incorporated (FCH), Chatham Lodging Trust (REIT) (CLDT), Hersha Hospitality Trust (HT), Ashford Hospitality Trust (AHT), Empiric Student Property PLC (ESP) and Ashford Hospitality Prime (AHP).
Who are LaSalle Hotel Properties' key executives?
LaSalle Hotel Properties' management team includes the folowing people:
- Stuart L. Scott J.D., Independent Chairman of the Board of Trustees
- Michael D. Barnello, President, Chief Executive Officer, Trustee
- Kenneth G. Fuller, Chief Financial Officer, Executive Vice President, Treasurer, Secretary
- Alfred L. Young, Chief Operating Officer, Executive Vice President
- Denise M. Coll, Independent Trustee
- Jeffrey T. Foland, Independent Trustee
- Darryl W. Hartley-Leonard, Independent Trustee
- Jeffrey L. Martin, Independent Trustee
- Donald Arthur Washburn, Independent Trustee
Who owns LaSalle Hotel Properties stock?
LaSalle Hotel Properties' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Strs Ohio (0.27%), APG Asset Management N.V. (0.09%), State Treasurer State of Michigan (0.04%) and Alpha Windward LLC (0.02%). Company insiders that own LaSalle Hotel Properties stock include Alfred L Young, Bruce A Riggins, Michael D Barnello and William S Mccalmont. View Institutional Ownership Trends for LaSalle Hotel Properties.
Who sold LaSalle Hotel Properties stock? Who is selling LaSalle Hotel Properties stock?
Who bought LaSalle Hotel Properties stock? Who is buying LaSalle Hotel Properties stock?
How do I buy LaSalle Hotel Properties stock?
Shares of LaSalle Hotel Properties can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is LaSalle Hotel Properties' stock price today?
One share of LaSalle Hotel Properties stock can currently be purchased for approximately $28.52.
MarketBeat Community Rating for LaSalle Hotel Properties (NYSE 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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for LaSalle Hotel Properties (NYSE:LHO) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 2 Sell Ratings, 9 Hold Ratings, 1 Buy Rating |
| Consensus Rating: | Hold (Score: 1.92) |
| Consensus Price Target: | $29.41 (3.12% upside) |
Consensus Price Target History for LaSalle Hotel Properties (NYSE:LHO)
Analysts' Ratings History for LaSalle Hotel Properties (NYSE:LHO)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 10/23/2017 | Morgan Stanley | Lower Price Target | Equal Weight | $29.00 -> $27.00 | N/A |  |
| 10/23/2017 | Boenning Scattergood | Reiterated Rating | Hold | | N/A | |
| 10/17/2017 | Stifel Nicolaus | Reiterated Rating | Hold | | N/A | |
| 10/1/2017 | Robert W. Baird | Set Price Target | Hold | $31.00 | Low | |
| 8/2/2017 | Goldman Sachs Group, Inc. (The) | Downgrade | Neutral -> Sell | $25.00 -> $24.00 | High | |
| 7/21/2017 | Deutsche Bank AG | Lower Price Target | Hold | $28.00 -> $27.00 | Low | |
| 4/23/2017 | Barclays PLC | Reiterated Rating | Underweight | $27.00 -> $28.00 | High | |
| 2/14/2017 | Canaccord Genuity | Reiterated Rating | Hold | $28.00 | N/A | |
| 1/9/2017 | Raymond James Financial, Inc. | Upgrade | Market Perform -> Outperform | $33.00 | N/A | |
| 12/14/2016 | Nomura | Initiated Coverage | Neutral | $31.00 | N/A | |
| 12/14/2016 | Instinet | Initiated Coverage | Neutral | $31.00 | N/A | |
| 12/13/2016 | Wells Fargo & Company | Downgrade | Outperform -> Market Perform | | N/A | |
| 10/5/2016 | Citigroup Inc. | Reiterated Rating | Hold | $24.00 | N/A | |
| 8/25/2016 | BTIG Research | Initiated Coverage | Neutral | | N/A | |
| 7/21/2016 | Credit Suisse Group | Downgrade | Outperform -> Neutral | $26.00 -> $25.00 | N/A | |
| 5/23/2016 | Janney Montgomery Scott | Initiated Coverage | Neutral | $26.00 -> $24.00 | N/A | |
| 5/20/2016 | Bank of America Corporation | Reiterated Rating | Neutral | $26.00 -> $25.00 | N/A | |
| 4/12/2016 | Cowen and Company | Reiterated Rating | Market Perform | $25.00 | N/A | |
| 3/21/2016 | Evercore ISI | Boost Price Target | | $26.00 | N/A | |
| 2/22/2016 | Royal Bank Of Canada | Lower Price Target | Sector Perform | $32.00 -> $28.00 | N/A | |
| 1/19/2016 | Ladenburg Thalmann Financial Services | Downgrade | Neutral -> Sell | | N/A | |
| 10/26/2015 | SunTrust Banks, Inc. | Lower Price Target | | $37.00 -> $32.00 | N/A | |
(Data available from 10/23/2015 forward)
Earnings History for LaSalle Hotel Properties (NYSE:LHO)Earnings History by Quarter for LaSalle Hotel Properties (NYSE LHO)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 2/28/2018 | | | | | | | | |
| 10/19/2017 | Q3 2017 | $0.73 | $0.27 | $295.02 million | $285.90 million | View | N/A | |
| 7/19/2017 | Q2 2017 | $0.82 | $0.81 | $318.94 million | $307.04 million | View | N/A | |
| 2/22/2017 | Q416 | $0.63 | $0.62 | $286.22 million | $289.50 million | View | Listen | |
| 10/19/2016 | Q316 | $0.87 | $0.84 | $328.95 million | $326.90 million | View | Listen | |
| 7/20/2016 | Q216 | $0.95 | $0.95 | $344.43 million | $351.10 million | View | Listen | |
| 4/21/2016 | Q116 | $0.43 | $0.49 | $263.81 million | $260.10 million | View | Listen | |
| 2/18/2016 | Q415 | $0.64 | $0.66 | $298.48 million | $294.70 million | View | Listen | |
| 10/22/2015 | Q315 | $0.89 | $0.87 | $336.88 million | $329.70 million | View | Listen | |
| 7/22/2015 | Q215 | $0.89 | $0.91 | $346.51 million | $341.40 million | View | Listen | |
| 4/22/2015 | Q115 | $0.35 | $0.40 | $240.23 million | $250.80 million | View | Listen | |
| 2/18/2015 | Q414 | $0.60 | $0.21 | $269.20 million | $269.00 million | View | Listen | |
| 10/22/2014 | Q314 | $0.79 | $0.84 | $298.40 million | $308.00 million | View | Listen | |
| 7/23/2014 | Q214 | $0.81 | $0.82 | $305.60 million | $313.10 million | View | Listen | |
| 4/23/2014 | Q114 | $0.30 | $0.32 | $214.35 million | $218.86 million | View | Listen | |
| 2/19/2014 | Q4 | $0.55 | $0.55 | | | View | Listen | |
| 2/5/2014 | Q413 | $0.54 | $0.56 | $249.65 million | $252.00 million | View | N/A | |
| 10/17/2013 | Q313 | $0.68 | $0.76 | $256.64 million | $270.00 million | View | Listen | |
| 7/18/2013 | Q213 | $0.72 | $0.73 | $259.26 million | $263.60 million | View | Listen | |
| 4/18/2013 | Q1 13 | $0.25 | $0.27 | $188.64 million | $191.70 million | View | Listen | |
| 2/21/2013 | Q412 | $0.44 | $0.47 | $210.57 million | $215.70 million | View | Listen | |
| 10/17/2012 | | $0.70 | $0.68 | | | View | N/A | |
| 7/18/2012 | | $0.65 | $0.72 | | | View | N/A | |
| 4/18/2012 | | $0.17 | $0.21 | | | View | N/A | |
| 2/22/2012 | | $0.37 | $0.36 | | | View | N/A | |
| 10/19/2011 | | $0.49 | $0.50 | | | View | N/A | |
| 7/20/2011 | | $0.56 | $0.55 | | | View | N/A | |
| 4/20/2011 | | $0.11 | $0.13 | | | View | N/A | |
| 2/23/2011 | | $0.29 | $0.37 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for LaSalle Hotel Properties (NYSE:LHO)2017 EPS Consensus Estimate: $2.47
2018 EPS Consensus Estimate: $2.43
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 2 | $0.42 | $0.43 | $0.43 |
| Q2 2017 | 2 | $0.73 | $0.82 | $0.78 |
| Q3 2017 | 2 | $0.67 | $0.75 | $0.71 |
| Q4 2017 | 2 | $0.53 | $0.58 | $0.56 |
| Q1 2018 | 2 | $0.30 | $0.41 | $0.36 |
| Q2 2018 | 2 | $0.75 | $0.82 | $0.79 |
| Q3 2018 | 2 | $0.66 | $0.79 | $0.73 |
| Q4 2018 | 2 | $0.54 | $0.58 | $0.56 |
(Data provided by Zacks Investment Research)
Current Dividend Information for LaSalle Hotel Properties (NYSE:LHO)| Most Recent Dividend: | 10/16/2017 |
| Annual Dividend: | $1.80 |
| Dividend Yield: | 6.31% |
| Dividend Growth: | 26.90% (3 Year Average) |
| Payout Ratio: | 111.11% (Trailing 12 Months of Earnings)
100.00% (Based on This Year's Estimates)
214.29% (Based on Next Year's Estimates)
|
| Track Record: | 5 Years of Consecutive Dividend Growth |
Dividend History by Quarter for LaSalle Hotel Properties (NYSE LHO)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 9/15/2017 | quarterly | $0.45 | 6.2% | 9/28/2017 | 9/29/2017 | 10/16/2017 |
| 6/15/2017 | quarterly | $0.45 | 5.84% | 6/28/2017 | 6/30/2017 | 7/17/2017 |
| 3/15/2017 | quarterly | $0.45 | 6.18% | 3/29/2017 | 3/31/2017 | 4/17/2017 |
| 12/15/2016 | Quarterly | $0.45 | 5.92% | 12/28/2016 | 12/30/2016 | 1/17/2017 |
| 9/15/2016 | Quarterly | $0.45 | | 9/28/2016 | 9/30/2016 | 10/17/2016 |
| 6/15/2016 | Quarterly | $0.45 | | 6/28/2016 | 6/30/2016 | 7/15/2016 |
| 3/10/2016 | Quarterly | $0.45 | | 3/29/2016 | 3/31/2016 | 4/15/2016 |
| 12/15/2015 | Quarterly | $0.45 | | 12/29/2015 | 12/31/2015 | 1/15/2016 |
| 9/15/2015 | | $0.45 | | 9/28/2015 | 9/30/2015 | 10/15/2015 |
| 4/23/2015 | quarterly | $0.45 | 4.68% | 6/26/2015 | 6/30/2015 | 7/15/2015 |
| 3/16/2015 | quarterly | $0.38 | 3.8% | 3/27/2015 | 3/31/2015 | 4/15/2015 |
| 12/16/2014 | quarterly | $0.38 | 3.75% | 12/29/2014 | 12/31/2014 | 1/15/2015 |
| 9/15/2014 | quarterly | $0.38 | 4.19% | 9/26/2014 | 9/30/2014 | 10/15/2014 |
| 4/23/2014 | quarterly | $0.38 | 4.57% | 6/26/2014 | 6/30/2014 | 7/15/2014 |
| 3/14/2014 | quarterly | $0.28 | 3.41% | 3/27/2014 | 3/31/2014 | 4/15/2014 |
| 12/13/2013 | quarterly | $0.28 | 3.67% | 12/27/2013 | 12/31/2013 | 1/15/2014 |
| 7/17/2013 | quarterly | $0.28 | 4.23% | 9/26/2013 | 9/30/2013 | 10/15/2013 |
| 6/14/2013 | quarterly | $0.20 | 3.18% | 6/26/2013 | 6/28/2013 | 7/15/2013 |
| 3/15/2013 | quarterly | $0.20 | 3.07% | 3/26/2013 | 3/28/2013 | 4/15/2013 |
| 12/14/2012 | quarterly | $0.20 | 3.3% | 12/27/2012 | 12/31/2012 | 1/15/2013 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for LaSalle Hotel Properties (NYSE:LHO)Insider Ownership Percentage: 0.38%
Insider Trades by Quarter for LaSalle Hotel Properties (NYSE:LHO)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 4/27/2017 | Alfred L Young | COO | Sell | 15,000 | $30.44 | $456,600.00 | |
| 8/26/2016 | Michael D. Barnello | Insider | Sell | 150,000 | $28.49 | $4,273,500.00 | |
| 7/26/2016 | Alfred L Young | COO | Sell | 17,000 | $28.11 | $477,870.00 | |
| 5/2/2016 | William S Mccalmont | Director | Sell | 2,091 | $24.10 | $50,393.10 | |
| 4/26/2016 | Bruce A Riggins | EVP | Sell | 15,000 | $24.46 | $366,900.00 | |
| 3/4/2016 | William S Mccalmont | Director | Sell | 2,412 | $26.48 | $63,869.76 | |
| 11/18/2014 | William S Mccalmont | Director | Sell | 1,500 | $39.41 | $59,115.00 | |
| 10/31/2014 | Michael D Barnello | CEO | Sell | 30,000 | $39.08 | $1,172,400.00 | |
| 9/3/2014 | Alfred L Young | COO | Sell | 10,000 | $37.09 | $370,900.00 | |
| 8/4/2014 | Michael D Barnello | CEO | Sell | 30,000 | $35.57 | $1,067,100.00 | |
| 7/28/2014 | Bruce A Riggins | CFO | Sell | 11,000 | $36.13 | $397,430.00 | |
| 3/12/2014 | Michael Barnello | CEO | Sell | 30,000 | $32.57 | $977,100.00 | |
| 3/4/2014 | William Mccalmont | Director | Sell | 2,638 | $32.31 | $85,233.78 | |
| 12/5/2013 | Alfred Young | COO | Sell | 9,144 | $30.11 | $275,325.84 | |
(Data available from 1/1/2013 forward)
Headline Trends for LaSalle Hotel Properties (NYSE:LHO)
Latest Headlines for LaSalle Hotel Properties (NYSE:LHO)
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LaSalle Hotel Properties (LHO) Chart for Monday, October, 23, 2017
