NYSE:LHO - LaSalle Hotel Properties Stock Price, News, & Analysis

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$32.06 -0.39 (-1.20 %)
(As of 12/14/2018 04:00 PM ET)
Previous Close$32.06
Today's Range$31.36 - $32.49
52-Week Range$24.10 - $36.13
Volume13.58 million shs
Average Volume3.07 million shs
Market Capitalization$3.54 billion
P/E Ratio12.98
Dividend Yield3.51%
Beta0.99
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.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustrySpecialized REITs
SectorFinance
Current SymbolNYSE:LHO
Previous Symbol
CUSIP51794210
Phone301-941-1500

Debt

Debt-to-Equity Ratio0.47
Current Ratio1.97
Quick Ratio1.97

Price-To-Earnings

Trailing P/E Ratio12.98
Forward P/E Ratio13.82
P/E Growth2.76

Sales & Book Value

Annual Sales$1.10 billion
Price / Sales3.20
Cash Flow$3.4924 per share
Price / Cash Flow9.18
Book Value$21.87 per share
Price / Book1.47

Profitability

EPS (Most Recent Fiscal Year)$2.47
Net Income$195.03 million
Net Margins-3.94%
Return on Equity3.56%
Return on Assets2.28%

Miscellaneous

Employees36
Outstanding Shares110,400,000
Market Cap$3.54 billion
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. Investors of record on Friday, June 29th will be given a dividend of $0.225 per share on Monday, July 16th. This represents a $0.90 annualized dividend and a yield of 2.81%. 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 declared that its Board of Directors has initiated a share repurchase 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 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) announced its quarterly earnings results on Thursday, November, 1st. The real estate investment trust reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.05. The real estate investment trust had revenue of $298 million for the quarter, compared to analysts' expectations of $291.71 million. LaSalle Hotel Properties had a positive return on equity of 3.56% and a negative net margin of 3.94%. LaSalle Hotel Properties's revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.68 earnings per share. View LaSalle Hotel Properties' Earnings History.

When is LaSalle Hotel Properties' next earnings date?

LaSalle Hotel Properties is scheduled to release their next quarterly earnings announcement on Tuesday, February 19th 2019. View Earnings Estimates for LaSalle Hotel Properties.

What price target have analysts set for LHO?

11 equities research analysts have issued 12 month price targets for LaSalle Hotel Properties' shares. Their forecasts range from $24.00 to $39.00. On average, they anticipate LaSalle Hotel Properties' stock price to reach $30.4375 in the next year. 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?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LaSalle Hotel Properties in the last year. There are currently 1 sell rating, 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?

Media stories about LHO stock have trended very negative on Saturday, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. LaSalle Hotel Properties earned a news sentiment score of -3.8 on InfoTrie's scale. They also assigned media headlines about the real estate investment trust a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the next few days.

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 presently 2.2 days. Currently, 9.4% of the company's shares are short sold. View LaSalle Hotel Properties' Current Options Chain.

Who are some of LaSalle Hotel Properties' key competitors?

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

Who are LaSalle Hotel Properties' major shareholders?

LaSalle Hotel Properties' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (14.77%), Vanguard Group Inc (14.77%), BlackRock Inc. (14.33%), Dimensional Fund Advisors LP (1.59%), Bank of New York Mellon Corp (1.54%) and Wells Fargo & Company MN (1.18%). 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 Zimmer Partners LP, Alpine Associates Management Inc., Prudential Financial Inc., Deutsche Bank AG, Pentwater Capital Management LP, LSV Asset Management, Russell Investments Group Ltd. and SG Americas Securities LLC. View Insider Buying and Selling for LaSalle Hotel Properties.

Which major investors are buying LaSalle Hotel Properties stock?

LHO stock was bought by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Marshall Wace LLP, Perella Weinberg Partners Capital Management LP, BlackRock Inc., Hsbc Holdings PLC, GAM Holding AG, DLD Asset Management LP and Alliancebernstein L.P.. 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 $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?

The official website for LaSalle Hotel Properties is http://www.lasallehotels.com.

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)

Community Ranking:  1.6 out of 5 (star)
Outperform Votes:  254 (Vote Outperform)
Underperform Votes:  561 (Vote Underperform)
Total Votes:  815
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.
This page was last updated on 12/15/2018 by MarketBeat.com Staff

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