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

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$32.06 +32.06 (+∞)
(As of 11/30/2018)
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

Industry Real estate investment trusts
Sub-IndustrySpecialized REITs
SectorFinance
CUSIP51794210
Phone301-941-1500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.10 billion
Cash Flow$3.4924 per share
Book Value$21.87 per share

Profitability

Net Income$195.03 million

Miscellaneous

EmployeesN/A
Market Cap$3.54 billion
Next Earnings DateN/A
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 dividend on an annualized basis and a dividend 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 announced that its Board of Directors has approved a share buyback 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 often an indication that the company's board believes its shares are undervalued.

How were LaSalle Hotel Properties' earnings last quarter?

LaSalle Hotel Properties (NYSE:LHO) released its quarterly earnings results on Thursday, August, 9th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.77 by $0.49. The real estate investment trust had revenue of $304.60 million for the quarter, compared to analysts' expectations of $300.86 million. LaSalle Hotel Properties had a negative net margin of 3.94% and a positive return on equity of 3.56%. LaSalle Hotel Properties's revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.81 earnings per share. View LaSalle Hotel Properties' Earnings History.

What price target have analysts set for LHO?

8 Wall Street analysts have issued 1 year target prices for LaSalle Hotel Properties' shares. Their predictions range from $30.00 to $39.00. On average, they anticipate LaSalle Hotel Properties' stock price to reach $32.25 in the next year. This suggests a possible upside of 0.6% from the stock's current price. View Analyst Price Targets for LaSalle Hotel Properties.

What is the consensus analysts' recommendation for LaSalle Hotel Properties?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LaSalle Hotel Properties in the last year. There are currently 7 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for LaSalle Hotel Properties.

Has LaSalle Hotel Properties been receiving favorable news coverage?

Headlines about LHO stock have trended neutral recently, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. LaSalle Hotel Properties earned a daily sentiment score of 0.2 on InfoTrie's scale. They also assigned headlines about the real estate investment trust a news buzz of 3.0 out of 10, meaning that recent media coverage is unlikely to have an impact on the stock's share price in the next few days.

Who are some of LaSalle Hotel Properties' key competitors?

What other stocks do shareholders of LaSalle Hotel Properties own?

Based on aggregate information from My MarketBeat watchlists, some companies that other LaSalle Hotel Properties investors own include Hawkins (HWKN), CA (CA), Apple Hospitality REIT (APLE), Micron Technology (MU), BlackRock (BLK), Alphabet (GOOG), Walt Disney (DIS), Bank of America (BAC), Mcdonald's (MCD) and Exxon Mobil (XOM).

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.

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:  262 (Vote Outperform)
Underperform Votes:  582 (Vote Underperform)
Total Votes:  844
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 3/24/2019 by MarketBeat.com Staff

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