About LaSalle Hotel Properties (NYSE:LHO)
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 Ratio0.45%
Current Ratio3.30%
Quick Ratio3.30%
Price-To-Earnings
Trailing P/E Ratio12.64
Forward P/E Ratio14.83
P/E Growth2.97
Sales & Book Value
Annual Sales$1.10 billion
Price / Sales3.19
Cash Flow$3.4832 per share
Price / Cash8.94
Book Value$21.87 per share
Price / Book1.42
Profitability
EPS (Most Recent Fiscal Year)$2.47
Net Income$195.03 million
Net Margins17.65%
Return on Equity8.11%
Return on Assets5.27%
Miscellaneous
Employees36
Outstanding Shares113,210,000
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, March 16th. Shareholders of record on Thursday, March 29th will be paid a dividend of $0.45 per share on Monday, April 16th. This represents a $1.80 dividend on an annualized basis and a yield of 5.78%. The ex-dividend date of this dividend is Wednesday, March 28th. View LaSalle Hotel Properties' Dividend History.
How will LaSalle Hotel Properties' stock buyback program work?
LaSalle Hotel Properties announced that its Board of Directors has approved a share buyback program on Saturday, April 8th 2017, which authorizes the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 14.8% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its stock is undervalued.
How were LaSalle Hotel Properties' earnings last quarter?
LaSalle Hotel Properties (NYSE:LHO) announced its earnings results on Tuesday, February, 20th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.53 by $0.39. The real estate investment trust earned $257.51 million during the quarter, compared to the consensus estimate of $261.42 million. LaSalle Hotel Properties had a net margin of 17.65% and a return on equity of 8.11%. View LaSalle Hotel Properties' Earnings History.
What price target have analysts set for LHO?
15 analysts have issued 12 month price objectives for LaSalle Hotel Properties' shares. Their predictions range from $24.00 to $35.00. On average, they expect LaSalle Hotel Properties' stock price to reach $26.7917 in the next twelve months. 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. " (2/27/2018)
- 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)
Who are some of LaSalle Hotel Properties' key competitors?
Some companies that are related to LaSalle Hotel Properties include Kilroy Realty (KRC), Vici Properties (VICI), VEREIT (VER), W. P. Carey (WPC), Apartment Inv & Mgmt (AIV), Douglas Emmett (DEI), National Retail Properties (NNN), Howard Hughes (HHC), Kimco Realty (KIM), Liberty Property Trust (LPT), American Homes 4 Rent (AMH), New Residential Inv (NRZ), Hammerson (HMSNF), Starwood Property Trust (STWD), DCT Industrial Trust (DCT), American Campus Communities (ACC), Lamar Advertising (LAMR) and Healthcare Trust Of America (HTA).
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, Exec. VP, Sec., Treasurer, CFO & Principal Accounting Officer (Age 39)
- Mr. Alfred L. Young, Chief Operating Officer and Exec. VP (Age 50)
- Mr. Ian Gaum, Chief Investment Officer
Has LaSalle Hotel Properties been receiving favorable news coverage?
Headlines about LHO stock have been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. Accern scores the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. LaSalle Hotel Properties earned a coverage optimism score of 0.17 on Accern's scale. They also gave media headlines about the real estate investment trust an impact score of 46.37 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near term.
Who are LaSalle Hotel Properties' major shareholders?
LaSalle Hotel Properties' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include
HG VORA CAPITAL MANAGEMENT, LLC
(7.10%) and
HG VORA CAPITAL MANAGEMENT, LLC
(7.10%). 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.
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 $31.15.
How big of a company is LaSalle Hotel Properties?
LaSalle Hotel Properties has a market capitalization of $3.54 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.
LaSalle Hotel Properties (NYSE:LHO) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst 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's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
15 Wall Street analysts have issued ratings and price targets for LaSalle Hotel Properties in the last 12 months. Their average twelve-month price target is $26.7917, suggesting that the stock has a possible downside of 13.96%. The high price target for LHO is $35.00 and the low price target for LHO is $24.00. There are currently 6 sell ratings, 8 hold ratings and 1 buy rating for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 1.67 | 1.60 | 1.53 | 1.92 |
| Ratings Breakdown: | 6 Sell Rating(s)
8 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 7 Sell Rating(s)
7 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 7 Sell Rating(s)
8 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 2 Sell Rating(s)
9 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $26.7917 | $26.1250 | $27.4545 | $28.8636 |
| Price Target Upside: | 13.96% downside | 4.50% upside | 3.02% downside | 4.49% downside |
LaSalle Hotel Properties (NYSE:LHO) Consensus Price Target History
LaSalle Hotel Properties (NYSE:LHO) Analyst Ratings History
Show:
(Data available from 4/19/2016 forward)
LaSalle Hotel Properties (NYSE:LHO) Dividend Information
LaSalle Hotel Properties pays an annual dividend of $1.80 per share, with a dividend yield of 5.78%. LHO's most recent quarterly dividend payment was Monday, April 16. LaSalle Hotel Properties pays out 72.87% of its earnings out as a dividend.
| Most Recent Dividend: | 4/16/2018 |
| Annual Dividend: | $1.80 |
| Dividend Yield: | 5.78% |
| Dividend Growth: | 11.20% (3 Year Average) |
| Payout Ratio: | 72.87% (Trailing 12 Months of Earnings)
85.71% (Based on This Year's Estimates)
83.72% (Based on Next Year's Estimates)
|
| Frequency: | Quarterly Dividend |
LaSalle Hotel Properties (NYSE:LHO) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 3/16/2018 | quarterly | $0.45 | 6.87% | 3/28/2018 | 3/29/2018 | 4/16/2018 |
| 12/15/2017 | Quarterly | $0.45 | 6.15% | 12/28/2017 | 12/29/2017 | 1/16/2018 |
| 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 | $0.3750 | 3.8% | 3/27/2015 | 3/31/2015 | 4/15/2015 |
| 12/16/2014 | quarterly | $0.3750 | 3.75% | 12/29/2014 | 12/31/2014 | 1/15/2015 |
| 9/15/2014 | quarterly | $0.3750 | 4.19% | 9/26/2014 | 9/30/2014 | 10/15/2014 |
| 4/23/2014 | quarterly | $0.3750 | 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)
LaSalle Hotel Properties (NYSE LHO) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.38%
LaSalle Hotel Properties (NYSE LHO) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 3/2/2018 | Michael D Barnello | CEO | Buy | 19,398 | $24.65 | $478,160.70 | 183,221 |  |
| 11/22/2017 | Alfred L Young | COO | Sell | 17,750 | $28.28 | $501,970.00 | 88,808 | |
| 4/27/2017 | Alfred L Young | COO | Sell | 15,000 | $30.44 | $456,600.00 | 100,027 | |
| 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 | 90,024 | |
| 5/2/2016 | William S Mccalmont | Director | Sell | 2,091 | $24.10 | $50,393.10 | 10,250 | |
| 4/26/2016 | Bruce A Riggins | EVP | Sell | 15,000 | $24.46 | $366,900.00 | 56,696 | |
| 3/4/2016 | William S Mccalmont | Director | Sell | 2,412 | $26.48 | $63,869.76 | 12,553 | |
| 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 | 191,516 | |
| 3/4/2014 | William Mccalmont | Director | Sell | 2,638 | $32.31 | $85,233.78 | 11,750 | |
| 12/5/2013 | Alfred Young | COO | Sell | 9,144 | $30.11 | $275,325.84 | 53,579 | |
(Data available from 1/1/2013 forward)
LaSalle Hotel Properties (NYSE LHO) News Headlines
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LaSalle Hotel Properties (NYSE:LHO) SEC Filings
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LaSalle Hotel Properties (NYSE:LHO) Income Statement, Balance Sheet and Cash Flow Statement
LaSalle Hotel Properties (NYSE LHO) Stock Chart for Thursday, April, 19, 2018
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