LaSalle Hotel Properties Company Profile (NYSE:LHO)

About LaSalle Hotel Properties (NYSE:LHO)

LaSalle Hotel Properties logoLaSalle Hotel Properties is a self-administered and self-managed real estate investment trust. The Company primarily buys, owns, redevelops and leases upscale and luxury full-service hotels located in convention, resort and urban business markets. As of December 31, 2016, the Company owned interests in 46 hotels with approximately 11,450 guest rooms located in nine states of the United States and the District of Columbia (DC). As of December 31, 2016, the Company's properties included Hotel Amarano Burbank; Hilton San Diego Gaslamp Quarter; Hotel Solamar; San Diego Paradise Point Resort and Spa; The Hilton San Diego Resort and Spa; Harbor Court Hotel; The Marker San Francisco; Chamberlain West Hollywood; Le Montrose Suite Hotel; The Grafton on Sunset; Hotel George; Hotel Rouge; Mason & Rook Hotel; The Donovan; The Liaison Capitol Hill; The Marker Waterfront Resort; Hotel Chicago; Onyx Hotel; Park Central Hotel New York; The Heathman Hotel; Westin Philadelphia, and Lansdowne Resort.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Hospitality REITs
  • Sub-Industry: Specialized REITs
  • Symbol: NYSE:LHO
  • CUSIP: 51794210
  • Web: www.lasallehotels.com
Capitalization:
  • Market Cap: $3.23 billion
  • Outstanding Shares: 113,232,000
Average Prices:
  • 50 Day Moving Avg: $29.16
  • 200 Day Moving Avg: $29.21
  • 52 Week Range: $23.05 - $31.87
P/E:
  • Trailing P/E Ratio: 10.61
  • Foreward P/E Ratio: 33.95
  • P/E Growth: -0.79
Sales & Book Value:
  • Annual Revenue: $1.18 billion
  • Price / Sales: 2.74
  • Book Value: $22.30 per share
  • Price / Book: 1.28
Dividend:
  • Annual Dividend: $1.80
  • Dividend Yield: 5.9%
Profitability:
  • EBITDA: $371.93 million
  • Net Margins: 18.10%
  • Return on Equity: 8.27%
  • Return on Assets: 5.38%
Debt:
  • Debt-to-Equity Ratio: 0.44%
  • Current Ratio: 3.34%
  • Quick Ratio: 3.34%
Misc:
  • Average Volume: 1.04 million shs.
  • Beta: 1.18
  • Short Ratio: 10
 

Frequently Asked Questions for LaSalle Hotel Properties (NYSE:LHO)

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, September 15th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.45 per share on Monday, October 16th. This represents a $1.80 dividend on an annualized basis and a yield of 6.31%. The ex-dividend date of this dividend is Thursday, September 28th. View LaSalle Hotel Properties' Dividend History.

How will LaSalle Hotel Properties' stock buyback program work?

LaSalle Hotel Properties declared that its Board of Directors has approved a stock repurchase program on Saturday, April 8th 2017, which permits the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 14.8% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its stock is undervalued.

How were LaSalle Hotel Properties' earnings last quarter?

LaSalle Hotel Properties (NYSE:LHO) issued its earnings results on Thursday, October, 19th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.73 by $0.46. The company earned $285.90 million during the quarter, compared to the consensus estimate of $295.02 million. LaSalle Hotel Properties had a net margin of 18.10% and a return on equity of 8.27%. LaSalle Hotel Properties's quarterly revenue was down 12.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.84 earnings per share. View LaSalle Hotel Properties' Earnings History.

When will LaSalle Hotel Properties make its next earnings announcement?

LaSalle Hotel Properties is scheduled to release their next quarterly earnings announcement on Wednesday, February, 28th 2018. View Earnings Estimates for LaSalle Hotel Properties.

Where is LaSalle Hotel Properties' stock going? Where will LaSalle Hotel Properties' stock price be in 2017?

12 equities research 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' share price to reach $29.41 in the next twelve months. View Analyst Ratings for LaSalle Hotel Properties.

What are analysts saying about LaSalle Hotel Properties stock?

Here are some recent quotes from research analysts about LaSalle Hotel Properties stock:

  • 1. Boenning Scattergood analysts commented, "We are lowering estimates for both 4Q17 and FY2018, suggesting that the company’s 2018 dividend is uncovered by AFFO without meaningful share repurchases." (10/23/2017)
  • 2. 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. " (10/18/2017)

Who are some of LaSalle Hotel Properties' key competitors?

Who are LaSalle Hotel Properties' key executives?

LaSalle Hotel Properties' management team includes the folowing people:

  • Stuart L. Scott J.D., Independent Chairman of the Board of Trustees
  • Michael D. Barnello, President, Chief Executive Officer, Trustee
  • Kenneth G. Fuller, Chief Financial Officer, Executive Vice President, Treasurer, Secretary
  • Alfred L. Young, Chief Operating Officer, Executive Vice President
  • Denise M. Coll, Independent Trustee
  • Jeffrey T. Foland, Independent Trustee
  • Darryl W. Hartley-Leonard, Independent Trustee
  • Jeffrey L. Martin, Independent Trustee
  • Donald Arthur Washburn, Independent Trustee

Who owns LaSalle Hotel Properties stock?

LaSalle Hotel Properties' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Strs Ohio (0.27%), APG Asset Management N.V. (0.09%), State Treasurer State of Michigan (0.04%) and Alpha Windward LLC (0.02%). Company insiders that own LaSalle Hotel Properties stock include Alfred L Young, Bruce A Riggins, Michael D Barnello and William S Mccalmont. View Institutional Ownership Trends for LaSalle Hotel Properties.

Who sold LaSalle Hotel Properties stock? Who is selling LaSalle Hotel Properties stock?

LaSalle Hotel Properties' stock was sold by a variety of institutional investors in the last quarter, including State Treasurer State of Michigan and Strs Ohio. View Insider Buying and Selling for LaSalle Hotel Properties.

Who bought LaSalle Hotel Properties stock? Who is buying LaSalle Hotel Properties stock?

LaSalle Hotel Properties' stock was bought by a variety of institutional investors in the last quarter, including APG Asset Management N.V. and Alpha Windward LLC. View Insider Buying and Selling for LaSalle Hotel Properties.

How do I buy LaSalle Hotel Properties stock?

Shares of LaSalle Hotel Properties can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is LaSalle Hotel Properties' stock price today?

One share of LaSalle Hotel Properties stock can currently be purchased for approximately $28.52.


MarketBeat Community Rating for LaSalle Hotel Properties (NYSE LHO)
Community Ranking:  1.5 out of 5 (star half star)
Outperform Votes:  195 (Vote Outperform)
Underperform Votes:  447 (Vote Underperform)
Total Votes:  642
MarketBeat's community ratings are surveys of what our community members think about LaSalle Hotel Properties and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for LaSalle Hotel Properties (NYSE:LHO) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 2 Sell Ratings, 9 Hold Ratings, 1 Buy Rating
Consensus Rating:Hold (Score: 1.92)
Consensus Price Target: $29.41 (3.12% upside)
Consensus Price Target History for LaSalle Hotel Properties (NYSE:LHO)
Price Target History for LaSalle Hotel Properties (NYSE:LHO)
Analysts' Ratings History for LaSalle Hotel Properties (NYSE:LHO)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/23/2017Morgan StanleyLower Price TargetEqual Weight$29.00 -> $27.00N/AView Rating Details
10/23/2017Boenning ScattergoodReiterated RatingHoldN/AView Rating Details
10/17/2017Stifel NicolausReiterated RatingHoldN/AView Rating Details
10/1/2017Robert W. BairdSet Price TargetHold$31.00LowView Rating Details
8/2/2017Goldman Sachs Group, Inc. (The)DowngradeNeutral -> Sell$25.00 -> $24.00HighView Rating Details
7/21/2017Deutsche Bank AGLower Price TargetHold$28.00 -> $27.00LowView Rating Details
4/23/2017Barclays PLCReiterated RatingUnderweight$27.00 -> $28.00HighView Rating Details
2/14/2017Canaccord GenuityReiterated RatingHold$28.00N/AView Rating Details
1/9/2017Raymond James Financial, Inc.UpgradeMarket Perform -> Outperform$33.00N/AView Rating Details
12/14/2016NomuraInitiated CoverageNeutral$31.00N/AView Rating Details
12/14/2016InstinetInitiated CoverageNeutral$31.00N/AView Rating Details
12/13/2016Wells Fargo & CompanyDowngradeOutperform -> Market PerformN/AView Rating Details
10/5/2016Citigroup Inc.Reiterated RatingHold$24.00N/AView Rating Details
8/25/2016BTIG ResearchInitiated CoverageNeutralN/AView Rating Details
7/21/2016Credit Suisse GroupDowngradeOutperform -> Neutral$26.00 -> $25.00N/AView Rating Details
5/23/2016Janney Montgomery ScottInitiated CoverageNeutral$26.00 -> $24.00N/AView Rating Details
5/20/2016Bank of America CorporationReiterated RatingNeutral$26.00 -> $25.00N/AView Rating Details
4/12/2016Cowen and CompanyReiterated RatingMarket Perform$25.00N/AView Rating Details
3/21/2016Evercore ISIBoost Price Target$26.00N/AView Rating Details
2/22/2016Royal Bank Of CanadaLower Price TargetSector Perform$32.00 -> $28.00N/AView Rating Details
1/19/2016Ladenburg Thalmann Financial ServicesDowngradeNeutral -> SellN/AView Rating Details
10/26/2015SunTrust Banks, Inc.Lower Price Target$37.00 -> $32.00N/AView Rating Details
(Data available from 10/23/2015 forward)

Earnings

Earnings History for LaSalle Hotel Properties (NYSE:LHO)
Earnings by Quarter for LaSalle Hotel Properties (NYSE:LHO)
Earnings History by Quarter for LaSalle Hotel Properties (NYSE LHO)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
2/28/2018        
10/19/2017Q3 2017$0.73$0.27$295.02 million$285.90 millionViewN/AView Earnings Details
7/19/2017Q2 2017$0.82$0.81$318.94 million$307.04 millionViewN/AView Earnings Details
2/22/2017Q416$0.63$0.62$286.22 million$289.50 millionViewListenView Earnings Details
10/19/2016Q316$0.87$0.84$328.95 million$326.90 millionViewListenView Earnings Details
7/20/2016Q216$0.95$0.95$344.43 million$351.10 millionViewListenView Earnings Details
4/21/2016Q116$0.43$0.49$263.81 million$260.10 millionViewListenView Earnings Details
2/18/2016Q415$0.64$0.66$298.48 million$294.70 millionViewListenView Earnings Details
10/22/2015Q315$0.89$0.87$336.88 million$329.70 millionViewListenView Earnings Details
7/22/2015Q215$0.89$0.91$346.51 million$341.40 millionViewListenView Earnings Details
4/22/2015Q115$0.35$0.40$240.23 million$250.80 millionViewListenView Earnings Details
2/18/2015Q414$0.60$0.21$269.20 million$269.00 millionViewListenView Earnings Details
10/22/2014Q314$0.79$0.84$298.40 million$308.00 millionViewListenView Earnings Details
7/23/2014Q214$0.81$0.82$305.60 million$313.10 millionViewListenView Earnings Details
4/23/2014Q114$0.30$0.32$214.35 million$218.86 millionViewListenView Earnings Details
2/19/2014Q4$0.55$0.55ViewListenView Earnings Details
2/5/2014Q413$0.54$0.56$249.65 million$252.00 millionViewN/AView Earnings Details
10/17/2013Q313$0.68$0.76$256.64 million$270.00 millionViewListenView Earnings Details
7/18/2013Q213$0.72$0.73$259.26 million$263.60 millionViewListenView Earnings Details
4/18/2013Q1 13$0.25$0.27$188.64 million$191.70 millionViewListenView Earnings Details
2/21/2013Q412$0.44$0.47$210.57 million$215.70 millionViewListenView Earnings Details
10/17/2012$0.70$0.68ViewN/AView Earnings Details
7/18/2012$0.65$0.72ViewN/AView Earnings Details
4/18/2012$0.17$0.21ViewN/AView Earnings Details
2/22/2012$0.37$0.36ViewN/AView Earnings Details
10/19/2011$0.49$0.50ViewN/AView Earnings Details
7/20/2011$0.56$0.55ViewN/AView Earnings Details
4/20/2011$0.11$0.13ViewN/AView Earnings Details
2/23/2011$0.29$0.37ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for LaSalle Hotel Properties (NYSE:LHO)
2017 EPS Consensus Estimate: $2.47
2018 EPS Consensus Estimate: $2.43
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.42$0.43$0.43
Q2 20172$0.73$0.82$0.78
Q3 20172$0.67$0.75$0.71
Q4 20172$0.53$0.58$0.56
Q1 20182$0.30$0.41$0.36
Q2 20182$0.75$0.82$0.79
Q3 20182$0.66$0.79$0.73
Q4 20182$0.54$0.58$0.56
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for LaSalle Hotel Properties (NYSE:LHO)
Most Recent Dividend:10/16/2017
Annual Dividend:$1.80
Dividend Yield:6.31%
Dividend Growth:26.90% (3 Year Average)
Payout Ratio:111.11% (Trailing 12 Months of Earnings)
100.00% (Based on This Year's Estimates)
214.29% (Based on Next Year's Estimates)
Track Record:5 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for LaSalle Hotel Properties (NYSE:LHO)

Dividend History by Quarter for LaSalle Hotel Properties (NYSE LHO)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
9/15/2017quarterly$0.456.2%9/28/20179/29/201710/16/2017
6/15/2017quarterly$0.455.84%6/28/20176/30/20177/17/2017
3/15/2017quarterly$0.456.18%3/29/20173/31/20174/17/2017
12/15/2016Quarterly$0.455.92%12/28/201612/30/20161/17/2017
9/15/2016Quarterly$0.459/28/20169/30/201610/17/2016
6/15/2016Quarterly$0.456/28/20166/30/20167/15/2016
3/10/2016Quarterly$0.453/29/20163/31/20164/15/2016
12/15/2015Quarterly$0.4512/29/201512/31/20151/15/2016
9/15/2015$0.459/28/20159/30/201510/15/2015
4/23/2015quarterly$0.454.68%6/26/20156/30/20157/15/2015
3/16/2015quarterly$0.383.8%3/27/20153/31/20154/15/2015
12/16/2014quarterly$0.383.75%12/29/201412/31/20141/15/2015
9/15/2014quarterly$0.384.19%9/26/20149/30/201410/15/2014
4/23/2014quarterly$0.384.57%6/26/20146/30/20147/15/2014
3/14/2014quarterly$0.283.41%3/27/20143/31/20144/15/2014
12/13/2013quarterly$0.283.67%12/27/201312/31/20131/15/2014
7/17/2013quarterly$0.284.23%9/26/20139/30/201310/15/2013
6/14/2013quarterly$0.203.18%6/26/20136/28/20137/15/2013
3/15/2013quarterly$0.203.07%3/26/20133/28/20134/15/2013
12/14/2012quarterly$0.203.3%12/27/201212/31/20121/15/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for LaSalle Hotel Properties (NYSE:LHO)
Insider Ownership Percentage: 0.38%
Insider Trades by Quarter for LaSalle Hotel Properties (NYSE:LHO)
Institutional Ownership by Quarter for LaSalle Hotel Properties (NYSE:LHO)
Insider Trades by Quarter for LaSalle Hotel Properties (NYSE:LHO)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
4/27/2017Alfred L YoungCOOSell15,000$30.44$456,600.00View SEC Filing  
8/26/2016Michael D. BarnelloInsiderSell150,000$28.49$4,273,500.00View SEC Filing  
7/26/2016Alfred L YoungCOOSell17,000$28.11$477,870.00View SEC Filing  
5/2/2016William S MccalmontDirectorSell2,091$24.10$50,393.10View SEC Filing  
4/26/2016Bruce A RigginsEVPSell15,000$24.46$366,900.00View SEC Filing  
3/4/2016William S MccalmontDirectorSell2,412$26.48$63,869.76View SEC Filing  
11/18/2014William S MccalmontDirectorSell1,500$39.41$59,115.00View SEC Filing  
10/31/2014Michael D BarnelloCEOSell30,000$39.08$1,172,400.00View SEC Filing  
9/3/2014Alfred L YoungCOOSell10,000$37.09$370,900.00View SEC Filing  
8/4/2014Michael D BarnelloCEOSell30,000$35.57$1,067,100.00View SEC Filing  
7/28/2014Bruce A RigginsCFOSell11,000$36.13$397,430.00View SEC Filing  
3/12/2014Michael BarnelloCEOSell30,000$32.57$977,100.00View SEC Filing  
3/4/2014William MccalmontDirectorSell2,638$32.31$85,233.78View SEC Filing  
12/5/2013Alfred YoungCOOSell9,144$30.11$275,325.84View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for LaSalle Hotel Properties (NYSE:LHO)
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LaSalle Hotel Properties (LHO) Chart for Monday, October, 23, 2017

This page was last updated on 10/23/2017 by MarketBeat.com Staff

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