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About LaSalle Hotel Properties (NYSE:LHO)
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
Trailing P/E Ratio13.61
Forward P/E Ratio15.14
Sales & Book Value
Annual Sales$1.10 billion
Price / Sales3.36
Cash Flow$3.6813 per share
Price / Cash9.13
Book Value$21.87 per share
Price / Book1.54
EPS (Most Recent Fiscal Year)$2.47
Net Income$195.03 million
Return on Equity4.46%
Return on Assets2.88%
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, March 16th. Shareholders of record on Thursday, March 29th will be paid a dividend of $0.45 per share on Monday, April 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.36%. The ex-dividend date of this dividend is Wednesday, March 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 authorized a stock buyback plan on Saturday, April 8th 2017, which authorizes the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 14.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's management believes its stock is undervalued.
How were LaSalle Hotel Properties' earnings last quarter?
LaSalle Hotel Properties (NYSE:LHO) issued its quarterly earnings data on Thursday, May, 10th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.27 by $0.37. The real estate investment trust had revenue of $223 million for the quarter, compared to the consensus estimate of $216.67 million. LaSalle Hotel Properties had a return on equity of 4.46% and a net margin of 9.55%. The business's revenue for the quarter was down 12.3% compared to the same quarter last year. During the same period last year, the business posted $0.67 earnings per share. View LaSalle Hotel Properties' Earnings History.
When is LaSalle Hotel Properties' next earnings date?
What guidance has LaSalle Hotel Properties issued on next quarter's earnings?
LaSalle Hotel Properties updated its FY18 earnings guidance on Thursday, May, 10th. The company provided earnings per share (EPS) guidance of $2.16-2.19 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.12. LaSalle Hotel Properties also updated its Q2 guidance to $0.74-0.77 EPS.
What price target have analysts set for LHO?
17 equities research analysts have issued 1 year price objectives for LaSalle Hotel Properties' shares. Their forecasts range from $24.00 to $35.00. On average, they anticipate LaSalle Hotel Properties' share price to reach $27.1923 in the next year. 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. " (5/9/2018)
- 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)
Are investors shorting LaSalle Hotel Properties?
LaSalle Hotel Properties saw a decrease in short interest in the month of April. As of April 13th, there was short interest totalling 5,031,928 shares, a decrease of 60.0% from the March 30th total of 12,588,531 shares. Based on an average daily trading volume, of 1,672,723 shares, the short-interest ratio is currently 3.0 days. Currently, 4.5% of the company's shares are short sold.
Who are some of LaSalle Hotel Properties' key competitors?
Some companies that are related to LaSalle Hotel Properties include Gecina (GECFF), Klépierre (KLPEF), Vornado Realty Trust (VNO), Alexandria Real Estate Equities (ARE), Annaly Capital Management (NLY), Extra Space Storage (EXR), Sino Land (SNLAY), HCP (HCP), Mid-America Apartment Communities (MAA), Duke Realty (DRE), Regency Centers (REG), United Dominion Realty Trust (UDR), Iron Mountain (IRM), Federal Realty Investment Trust (FRT) and SL Green Realty (SLG).
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, Exec. VP, Sec., Treasurer, CFO & Principal Accounting Officer (Age 39)
- Mr. Alfred L. Young, Chief Operating Officer and Exec. VP (Age 50)
- Mr. Ian Gaum, Chief Investment Officer
Has LaSalle Hotel Properties been receiving favorable news coverage?
News coverage about LHO stock has been trending somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm identifies negative and positive press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. LaSalle Hotel Properties earned a media sentiment score of 0.12 on Accern's scale. They also assigned news coverage about the real estate investment trust an impact score of 46.60 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.
Who are LaSalle Hotel Properties' major shareholders?
LaSalle Hotel Properties' stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (13.53%), HG VORA CAPITAL MANAGEMENT, LLC (9.10%), HG VORA CAPITAL MANAGEMENT, LLC (8.20%),
HG VORA CAPITAL MANAGEMENT, LLC
HG VORA CAPITAL MANAGEMENT, LLC
(7.10%) and HG Vora Capital Management LLC (7.25%). 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 JPMorgan Chase & Co., Principal Financial Group Inc., Principal Financial Group Inc., Nuveen Asset Management LLC, Wells Fargo & Company MN, Sei Investments Co., Seizert Capital Partners LLC and Royal Bank of Canada. View Insider Buying and Selling for LaSalle Hotel Properties.
Which institutional investors are buying LaSalle Hotel Properties stock?
LHO stock was bought by a variety of institutional investors in the last quarter, including HG Vora Capital Management LLC, Zimmer Partners LP, Centersquare Investment Management LLC, Millennium Management LLC, Russell Investments Group Ltd., Long Pond Capital LP, BlackRock Inc. and Teachers Insurance & Annuity Association of America. 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 $33.61.
How big of a company is LaSalle Hotel Properties?
LaSalle Hotel Properties has a market capitalization of $3.52 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.
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 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.
LaSalle Hotel Properties (NYSE:LHO) Price Target and Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's 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's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
17 Wall Street analysts have issued ratings and price targets for LaSalle Hotel Properties in the last 12 months. Their average twelve-month price target is $27.1923, suggesting that the stock has a possible downside of 19.09%. The high price target for LHO is $35.00 and the low price target for LHO is $24.00. There are currently 4 sell ratings, 11 hold ratings and 2 buy ratings for the stock, resulting in a consensus rating of "Hold."
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Hold||Hold||Hold||Hold|
|Consensus Rating Score: ||1.88||1.67||1.50||1.75|
|Ratings Breakdown: ||4 Sell Rating(s)|
11 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s)
|6 Sell Rating(s)|
8 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s)
|7 Sell Rating(s)|
7 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s)
|4 Sell Rating(s)|
12 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$27.1923||$26.7917||$27.40||$28.4667|
|Price Target Upside: ||19.09% downside||12.76% downside||3.21% downside||1.02% upside|
LaSalle Hotel Properties (NYSE:LHO) Consensus Price Target History
LaSalle Hotel Properties (NYSE:LHO) Analyst Ratings History
(Data available from 5/21/2016 forward)
LaSalle Hotel Properties (NYSE:LHO) Dividend Information
LaSalle Hotel Properties pays an annual dividend of $1.80 per share, with a dividend yield of 5.36%. LHO's most recent quarterly dividend payment was Monday, April 16. LaSalle Hotel Properties pays out 72.87% of its earnings out as a dividend.
|Most Recent Dividend:||4/16/2018|
|Dividend Growth:||11.20% (3 Year Average)|
|Payout Ratio(s):||72.87% (Trailing 12 Months of Earnings) |
81.08% (Based on This Year's Estimates)
79.30% (Based on Next Year's Estimates)
48.90% (Based on Cash Flow)
LaSalle Hotel Properties (NYSE:LHO) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
LaSalle Hotel Properties (NYSE LHO) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.43%
LaSalle Hotel Properties (NYSE LHO) Insider Trading History
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|3/2/2018||Michael D Barnello||CEO||Buy||19,398||$24.65||$478,160.70||183,221|| |
|11/22/2017||Alfred L Young||COO||Sell||17,750||$28.28||$501,970.00||88,808|| |
|4/27/2017||Alfred L Young||COO||Sell||15,000||$30.44||$456,600.00||100,027|| |
|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||90,024|| |
|5/2/2016||William S Mccalmont||Director||Sell||2,091||$24.10||$50,393.10||10,250|| |
|4/26/2016||Bruce A Riggins||EVP||Sell||15,000||$24.46||$366,900.00||56,696|| |
|3/4/2016||William S Mccalmont||Director||Sell||2,412||$26.48||$63,869.76||12,553|| |
|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||191,516|| |
|3/4/2014||William Mccalmont||Director||Sell||2,638||$32.31||$85,233.78||11,750|| |
|12/5/2013||Alfred Young||COO||Sell||9,144||$30.11||$275,325.84||53,579|| |
LaSalle Hotel Properties (NYSE LHO) News Headlines
LaSalle Hotel Properties (NYSE:LHO) SEC Filings
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LaSalle Hotel Properties (NYSE:LHO) Income Statement, Balance Sheet and Cash Flow Statement
LaSalle Hotel Properties (NYSE LHO) Stock Chart for Monday, May, 21, 2018