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
Phone301-941-1500
Debt
Current Ratio1.97
Quick Ratio1.97
Price-To-Earnings
Sales & Book Value
Annual Sales$1.10 billion
Price / Sales3.20
Price / Cash Flow9.18
Price / Book1.47
Profitability
Net Income$195.03 million
Net Margins-3.94%
Return on Assets2.28%
Miscellaneous
Employees36
OptionableOptionable
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. Shareholders 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 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date is Thursday, June 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 authorized a stock buyback plan on Saturday, April 8th 2017, which allows the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy up to 14.8% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its shares are undervalued.
How were LaSalle Hotel Properties' earnings last quarter?
LaSalle Hotel Properties (NYSE:LHO) issued its earnings results on Thursday, November, 1st. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.05. The real estate investment trust had revenue of $298 million for the quarter, compared to the consensus estimate of $291.71 million. LaSalle Hotel Properties had a negative net margin of 3.94% and a positive return on equity of 3.56%. The business's revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.68 earnings per share. View LaSalle Hotel Properties' Earnings History.
When is LaSalle Hotel Properties' next earnings date?
What price target have analysts set for LHO?
10 analysts have issued twelve-month price objectives for LaSalle Hotel Properties' stock. Their predictions range from $24.00 to $39.00. On average, they anticipate LaSalle Hotel Properties' share price to reach $30.4375 in the next twelve months. This suggests that the stock has a possible downside of 5.1%. View Analyst Price Targets for LaSalle Hotel Properties.
What is the consensus analysts' recommendation for LaSalle Hotel Properties?
10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LaSalle Hotel Properties in the last year. There are currently 9 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." 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. " (8/10/2018)
- 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)
Has LaSalle Hotel Properties been receiving favorable news coverage?
News stories about LHO stock have trended somewhat negative recently, InfoTrie Sentiment reports. The research group ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. LaSalle Hotel Properties earned a media sentiment score of -1.2 on InfoTrie's scale. They also assigned media headlines about the real estate investment trust a news buzz of 5.0 out of 10, meaning that recent press coverage is somewhat likely to have an impact on the company's share price in the near future.
Are investors shorting LaSalle Hotel Properties?
LaSalle Hotel Properties saw a increase in short interest during the month of November. As of November 30th, there was short interest totalling 9,324,855 shares, an increase of 78.7% from the November 15th total of 5,217,718 shares. Based on an average trading volume of 4,201,789 shares, the short-interest ratio is currently 2.2 days. Currently, 9.4% of the company's 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 HCP (HCP), ANNALY CAP MGMT/SH (NLY), Host Hotels and Resorts (HST), Alexandria Real Estate Equities (ARE), Vornado Realty Trust (VNO), SINO LD LTD/S (SNLAY), Extra Space Storage (EXR), Regency Centers (REG), WP Carey (WPC), Mid-America Apartment Communities (MAA), UDR (UDR), Gecina (GECFF), Iron Mountain (IRM), Duke Realty (DRE) and AGNC Investment (AGNC).
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
- Mr. Max D. Leinweber, VP of Fin. & Asset Management
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 $32.06.
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.
What is LaSalle Hotel Properties' official website?
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 (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 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.
