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
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 Ratio14.24
Forward P/E Ratio14.76
P/E Growth2.91
Sales & Book Value
Annual Sales$1.10 billion
Price / Sales3.42
Cash Flow$3.5445 per share
Price / Cash9.66
Book Value$20.62 per share
Price / Book1.66
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$3.73 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 declared a quarterly dividend on Friday, June 15th. Stockholders 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 annualized dividend and a dividend yield of 2.63%. 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 authorized a stock buyback plan on Saturday, April 8th 2017, which allows the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 14.8% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its stock is undervalued.
How were LaSalle Hotel Properties' earnings last quarter?
LaSalle Hotel Properties (NYSE:LHO) announced its earnings results on Thursday, November, 1st. The real estate investment trust reported $0.74 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 firm's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business 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?
13 equities research analysts have issued 12-month target prices for LaSalle Hotel Properties' shares. Their predictions range from $24.00 to $39.00. On average, they expect LaSalle Hotel Properties' stock price to reach $29.45 in the next twelve months. This suggests that the stock has a possible downside of 14.0%. View Analyst Price Targets for LaSalle Hotel Properties.
What is the consensus analysts' recommendation for LaSalle Hotel Properties?
13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LaSalle Hotel Properties in the last year. There are currently 3 sell ratings, 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 coverage about LHO stock has trended somewhat positive this week, InfoTrie Sentiment reports. The research group identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, 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 gave media stories about the real estate investment trust a news buzz of 4.0 out of 10, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the next several days.
Are investors shorting LaSalle Hotel Properties?
LaSalle Hotel Properties saw a drop in short interest in October. As of October 15th, there was short interest totalling 5,062,544 shares, a drop of 34.3% from the September 28th total of 7,702,728 shares. Based on an average trading volume of 1,653,059 shares, the days-to-cover ratio is currently 3.1 days. Currently, 5.1% of the shares of the stock are short sold. 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 Host Hotels and Resorts (HST), Vornado Realty Trust (VNO), HCP (HCP), Alexandria Real Estate Equities (ARE), ANNALY CAP MGMT/SH (NLY), Extra Space Storage (EXR), Mid-America Apartment Communities (MAA), Gecina (GECFF), Regency Centers (REG), UDR (UDR), Klepierre (KLPEF), WP Carey (WPC), SINO Ld Ltd/S (SNLAY), Duke Realty (DRE) and Federal Realty Investment Trust (FRT).
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 BlackRock Inc. (14.33%), Dimensional Fund Advisors LP (1.59%), Bank of New York Mellon Corp (1.54%), Wells Fargo & Company MN (1.18%), Manikay Partners LLC (0.95%) and Alpine Associates Management Inc. (0.79%). 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 institutional 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 institutional investors are buying LaSalle Hotel Properties stock?
LHO stock was acquired by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Perella Weinberg Partners Capital Management LP, BlackRock Inc., Hsbc Holdings PLC, GAM Holding AG, DLD Asset Management LP, Alliancebernstein L.P. and Canada Pension Plan Investment Board. 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 $34.24.
How big of a company is LaSalle Hotel Properties?
LaSalle Hotel Properties has a market capitalization of $3.73 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.
