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, March 16th. Stockholders 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 5.10%. The ex-dividend date is Wednesday, March 28th. View LaSalle Hotel Properties' Dividend History.

LaSalle Hotel Properties announced that its board has authorized a stock repurchase program on Saturday, April 8th 2017, which authorizes the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 14.8% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board 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 analysts' consensus estimates 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 return on equity of 4.46% and a net margin of 9.55%. The business's revenue for the quarter was down 12.3% on a year-over-year basis. During the same period last year, the company posted $0.67 EPS. View LaSalle Hotel Properties' Earnings History.

LaSalle Hotel Properties is scheduled to release their next quarterly earnings announcement on Tuesday, July, 17th 2018. View Earnings Estimates for LaSalle Hotel Properties.

LaSalle Hotel Properties issued an update on its FY18 earnings guidance on Thursday, May, 10th. The company provided 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.

17 analysts have issued twelve-month 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 in 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 trading volume of 5,172,852 shares, the short-interest ratio is currently 1.4 days. Currently, 6.4% of the shares of the stock are sold short.

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 stories about LHO stock have been trending somewhat positive on Sunday, Accern Sentiment reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. LaSalle Hotel Properties earned a news impact score of 0.10 on Accern's scale. They also gave headlines about the real estate investment trust an impact score of 46.61 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next few days.

LaSalle Hotel Properties' stock is owned by a number of 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 (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 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 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 $35.30.

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]