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
Industry Hospitality REITs
Trailing P/E Ratio11.04
Forward P/E Ratio11.49
Sales & Book Value
Annual Sales$1.23 billion
Price / Sales2.61
Cash Flow$4.09 per share
Price / Cash6.92
Book Value$22.15 per share
Price / Book1.28
Net Income$252.78 million
Return on Equity8.31%
Return on Assets5.40%
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 6.37%. 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 has initiated 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 buy up to 14.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its shares are undervalued.
How were LaSalle Hotel Properties' earnings last quarter?
LaSalle Hotel Properties (NYSE:LHO) released its quarterly earnings results on Thursday, October, 19th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.73 by $0.46. The real estate investment trust earned $285.90 million during the quarter, compared to the consensus estimate of $295.02 million. LaSalle Hotel Properties had a return on equity of 8.31% and a net margin of 18.10%. LaSalle Hotel Properties's revenue for the quarter was down 12.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.84 EPS. 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?
15 equities research analysts have issued 12 month 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 $28.47 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. " (11/10/2017)
- 2. 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)
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), RLJ Lodging Trust (RLJ), Sunstone Hotel Investors (SHO), Pebblebrook Hotel Trust (PEB), Xenia Hotels & Resorts (XHR), Diamondrock Hospitality Company (DRH), MGM Growth Properties LLC (MGP), Ryman Hospitality Properties (GET), Chesapeake Lodging Trust (CHSP), Summit Hotel Properties (INN), Chatham Lodging Trust (REIT) (CLDT), FelCor Lodging Trust Incorporated (FCH), Hersha Hospitality Trust (HT), Ashford Hospitality Trust (AHT), Empiric Student Property (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 (Age 78)
- Michael D. Barnello, President, Chief Executive Officer, Trustee (Age 51)
- Kenneth G. Fuller, Chief Financial Officer, Executive Vice President, Treasurer, Secretary (Age 39)
- Alfred L. Young, Chief Operating Officer, Executive Vice President (Age 49)
- Denise M. Coll, Independent Trustee (Age 63)
- Jeffrey T. Foland, Independent Trustee (Age 46)
- Darryl W. Hartley-Leonard, Independent Trustee (Age 71)
- Jeffrey L. Martin, Independent Trustee (Age 57)
- Donald Arthur Washburn, Independent Trustee (Age 72)
Who owns LaSalle Hotel Properties stock?
LaSalle Hotel Properties' stock is owned by many different of institutional and retail investors. Top institutional investors include Bank of New York Mellon Corp (3.66%), Principal Financial Group Inc. (2.19%), Wells Fargo & Company MN (1.64%), Dimensional Fund Advisors LP (1.51%), Schwab Charles Investment Management Inc. (1.24%) and JPMorgan Chase & Co. (1.06%). 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?
LaSalle Hotel Properties' stock was sold by a variety of institutional investors in the last quarter, including New York State Common Retirement Fund, Old Mutual Global Investors UK Ltd., Neuberger Berman Group LLC, Chicago Equity Partners LLC, Dupont Capital Management Corp, American Century Companies Inc., Vident Investment Advisory LLC and Schwab Charles Investment Management Inc.. View Insider Buying and Selling for LaSalle Hotel Properties.
Who bought LaSalle Hotel Properties stock? Who is buying LaSalle Hotel Properties stock?
LaSalle Hotel Properties' stock was acquired by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Macquarie Group Ltd., JPMorgan Chase & Co., Ameriprise Financial Inc., Westpac Banking Corp, AMP Capital Investors Ltd, APG Asset Management N.V. and Wells Fargo & Company MN. View Insider Buying and Selling for LaSalle Hotel Properties.
How do I buy LaSalle Hotel Properties stock?
Shares of LaSalle Hotel Properties 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 LaSalle Hotel Properties stock can currently be purchased for approximately $28.27.
How big of a company is LaSalle Hotel Properties?
LaSalle Hotel Properties has a market capitalization of $3.20 billion and generates $1.23 billion in revenue each year. The real estate investment trust earns $252.78 million in net income (profit) each year or $1.62 on an earnings per share basis. LaSalle Hotel Properties employs 35 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 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.
Analysts' Consensus Rating for LaSalle Hotel Properties (NYSE:LHO) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks 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). 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 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: ||4 Sell Ratings, 11 Hold Ratings, 0 Buy Ratings, 0 Strong Buy Ratings|
|Consensus Rating:||Hold (Score: 1.73)|
|Consensus Price Target: ||$28.47 (0.70% upside)|
Consensus Price Target History for LaSalle Hotel Properties (NYSE:LHO)
Analysts' Ratings History for LaSalle Hotel Properties (NYSE:LHO)
(Data available from 11/24/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|11/20/2017||Evercore ISI||Downgrade||In-Line -> Underperform||$26.00||N/A|
|11/16/2017||J P Morgan Chase & Co||Downgrade||Neutral -> Underweight||$24.00||N/A|
|10/30/2017||Raymond James Financial, Inc.||Reiterated Rating||Outperform -> Market Perform||N/A|
|10/25/2017||Citigroup Inc.||Lower Price Target||Neutral||$29.00 -> $26.50||N/A|
|10/23/2017||Robert W. Baird||Set Price Target||Hold||$30.00||N/A|
|10/24/2017||Wells Fargo & Co||Lower Price Target||Market Perform||$30.00 -> $29.00||N/A|
|10/23/2017||Barclays PLC||Lower Price Target||Underweight||$28.00 -> $27.00||N/A|
|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|
|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|
|2/14/2017||Canaccord Genuity||Reiterated Rating||Hold||$28.00||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 Inc||Reiterated Rating||Market Perform||$25.00||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|
Earnings History and Estimates Chart for LaSalle Hotel Properties (NYSE:LHO)
Earnings History by Quarter for LaSalle Hotel Properties (NYSE LHO)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|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|
|2/5/2014||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|
Earnings Estimates for LaSalle Hotel Properties (NYSE:LHO)
2017 EPS Consensus Estimate: $2.44
2018 EPS Consensus Estimate: $2.29
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for LaSalle Hotel Properties (NYSE:LHO)
|Most Recent Dividend:||10/16/2017|
|Dividend Growth:||26.90% (3 Year Average)|
|Payout Ratio:||111.11% (Trailing 12 Months of Earnings) |
73.17% (Based on This Year's Estimates)
77.25% (Based on Next Year's Estimates)
|Track Record:||5 Years of Consecutive Dividend Growth|
Dividend History by Quarter for LaSalle Hotel Properties (NYSE LHO)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
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)
(Data available from 1/1/2013 forward)
|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|| |
Latest Headlines for LaSalle Hotel Properties (NYSE LHO)
LaSalle Hotel Properties (NYSE LHO) Chart for Friday, November, 24, 2017