NYSE:LHO - LaSalle Hotel Properties Stock Price, Price Target & More

LaSalle Hotel Properties trades on the New York Stock Exchange (NYSE) under the ticker symbol "LHO."

LaSalle Hotel Properties declared a quarterly dividend on Friday, June 15th. Stockholders 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 dividend yield of 2.58%. The ex-dividend date is Thursday, June 28th. View LaSalle Hotel Properties' Dividend History.

LaSalle Hotel Properties announced that its Board of Directors has approved a stock repurchase program 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 programs are usually a sign that the company's leadership believes its shares are undervalued.

LaSalle Hotel Properties (NYSE:LHO) released its earnings results on Thursday, May, 10th. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.27 by $0.37. The real estate investment trust had revenue of $223 million for the quarter, compared to analyst estimates of $216.67 million. LaSalle Hotel Properties had a net margin of 9.55% and a return on equity of 4.46%. LaSalle Hotel Properties's revenue for the quarter was down 12.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.67 EPS. View LaSalle Hotel Properties' Earnings History.

LaSalle Hotel Properties is scheduled to release their next quarterly earnings announcement on Wednesday, July, 18th 2018. View Earnings Estimates for LaSalle Hotel Properties.

LaSalle Hotel Properties updated its FY18 earnings guidance on Thursday, May, 10th. The company provided earnings per share guidance of $2.16-2.19 for the period, compared to the Thomson Reuters consensus estimate of $2.12. LaSalle Hotel Properties also updated its Q2 guidance to $0.74-0.77 EPS.

17 Wall Street analysts have issued 1 year target prices for LaSalle Hotel Properties' shares. Their predictions range from $24.00 to $35.00. On average, they expect LaSalle Hotel Properties' stock price to reach $27.1923 in the next year. View Analyst Ratings for LaSalle Hotel Properties.

LaSalle Hotel Properties saw a increase in short interest during the month of May. As of May 31st, there was short interest totalling 6,998,340 shares, an increase of 159.3% from the May 15th total of 2,699,413 shares. Based on an average daily volume of 5,172,852 shares, the days-to-cover ratio is presently 1.4 days. Approximately 6.4% of the shares of the stock are short sold.

Some companies that are related to LaSalle Hotel Properties include Essex Property Trust (ESS), Realty Income (O), Vornado Realty Trust (VNO), Alexandria Real Estate Equities (ARE), Gecina (GECFF), Klépierre (KLPEF), Extra Space Storage (EXR), ANNALY Cap Mgmt/SH (NLY), HCP (HCP), Mid-America Apartment Communities (MAA), SINO Ld Ltd/S (SNLAY), Duke Realty (DRE), Regency Centers (REG), UDR (UDR) and Iron Mountain (IRM).

News coverage about LHO stock has trended somewhat positive on Tuesday, according to Accern. The research firm identifies positive and negative media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. LaSalle Hotel Properties earned a media sentiment score of 0.09 on Accern's scale. They also assigned news headlines about the real estate investment trust an impact score of 46.07 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.

LaSalle Hotel Properties' stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (13.53%), HG VORA CAPITAL MANAGEMENT, LLC (9.10%), HG VORA CAPITAL MANAGEMENT, LLC (8.20%), HG VORA CAPITAL MANAGEMENT, LLC (7.10%), 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.

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.

LHO stock was purchased 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 Kempen Capital Management N.V.. View Insider Buying and Selling for 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.

One share of LHO stock can currently be purchased for approximately $34.84.

LaSalle Hotel Properties has a market capitalization of $3.90 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.

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]