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
Price-To-Earnings
Sales & Book Value
Annual Sales$1.10 billion
Profitability
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 announced that its Board of Directors has initiated a stock buyback program on Saturday, April 8th 2017, which authorizes the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 14.8% of its stock through open market purchases. Stock buyback programs are typically 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) released its 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 earned $298 million during 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 was up 4.2% on a year-over-year basis. During the same period in the prior year, the business posted $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 brokerages have issued twelve-month target prices for LaSalle Hotel Properties' shares. 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 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?
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 headlines about LHO stock have been trending somewhat negative on Sunday, according to InfoTrie Sentiment. The research firm rates the sentiment of press coverage by analyzing more than six thousand news and blog 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 -1.4 on InfoTrie's scale. They also gave press coverage about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near term.
Who are some of LaSalle Hotel Properties' key competitors?
Some companies that are related to LaSalle Hotel Properties include ANNALY CAP MGMT/SH (NLY), Alexandria Real Estate Equities (ARE), Host Hotels and Resorts (HST), Vornado Realty Trust (VNO), Extra Space Storage (EXR), SINO LD LTD/S (SNLAY), Mid-America Apartment Communities (MAA), WP Carey (WPC), UDR (UDR), Regency Centers (REG), Gecina (GECFF), Iron Mountain (IRM), Duke Realty (DRE), Klepierre (KLPEF) 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.
