How were LaSalle Hotel Properties' earnings last quarter?

LaSalle Hotel Properties (NYSE:LHO) posted its quarterly earnings data on Thursday, August, 9th. The real estate investment trust reported $0.28 EPS for the quarter, missing the consensus estimate of $0.77 by $0.49. The real estate investment trust had revenue of $304.60 million for the quarter, compared to analyst estimates of $300.86 million. LaSalle Hotel Properties had a positive trailing twelve-month return on equity of 3.56% and a negative net margin of 3.94%. The company's quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.81 earnings per share.

Is LaSalle Hotel Properties a good dividend stock?

LaSalle Hotel Properties (NYSE:LHO) pays an annual dividend of $1.13 per share and currently has a dividend yield of 3.51%. The dividend payout ratio is 45.75%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LHO will have a dividend payout ratio of 47.68% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for LHO .

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) , Apple Hospitality REIT (APLE) , Xtrackers California Municipal Bond ETF (CA) , Bank of America (BAC) , BlackRock (BLK) , Walt Disney (DIS) , Hersha Hospitality Trust (HT) , Citigroup (C) , Ford Motor (F) and Alphabet (GOOG) .

NYSE:LHO

LaSalle Hotel Properties (LHO) Stock Price, News & Analysis

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Today's Range: $31.36
▼
$32.49
50-Day Range: N/A
52-Week Range: $24.10
▼
$36.13

Volume: 13.58 million shs
Average Volume: 3.07 million shs
Market Capitalization: $3.54 billion

P/E Ratio: 12.98
Dividend Yield: 3.52%
Price Target: N/A

Stock Analysis

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About LaSalle Hotel Properties Stock (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.

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LHO Stock News Headlines

April 3, 2024 | yahoo.com

Johnson greenlights four ‘LaSalle Reimagined’ sites to build downtown residences

February 21, 2024 | wsj.com

Summit Hotel Properties Inc. 6.25% Cum. Redeem. Pfd. Series E

April 19, 2024 | Crypto 101 Media (Ad)

SHOCKING Crypto Leak…

January 23, 2024 | bizjournals.com

LaSalle Plaza lands 5 new leases under new owner Hempel

January 13, 2024 | morningstar.com

Hotel Properties Ltd H15

June 29, 2023 | msn.com

LaSalle Plaza in downtown Minneapolis sells at a steep discount

June 28, 2023 | msn.com

Downtown Minneapolis' LaSalle Plaza trades at a steep discount

June 27, 2023 | bizjournals.com

Hempel buys LaSalle Plaza in downtown Minneapolis

April 19, 2024 | Crypto 101 Media (Ad)

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May 2, 2023 | travel.usnews.com

Choice Privileges

April 19, 2023 | news.yahoo.com

Editorial: Brandon Johnson should heed Lori Lightfoot’s plan for LaSalle Street

March 27, 2023 | bizjournals.com

CBRE will close downtown Minneapolis office in LaSalle Plaza

March 22, 2023 | finance.yahoo.com

HIGHGATE AND FLYNN PROPERTIES ACQUIRE THE HUNTINGTON HOTEL

March 17, 2023 | fool.com

This Hotel Chain Has Spring Break Deals of Up to 20% for Select Properties Through June 3

February 27, 2023 | finance.yahoo.com

Hotel Properties Full Year 2022 Earnings: EPS: S$0.13 (vs S$0.042 loss in FY 2021)

February 2, 2023 | bizjournals.com

Local hotel industry faces some challenges

January 13, 2023 | benzinga.com

Wrkspot Introduces Integration With Choice Hotels' Property Management System Software

December 27, 2022 | thestreet.com

Accor to Separate Property Unit Before Selling Majority Stake

September 12, 2022 | msn.com

Marriott acquiring LaSalle Hotel as tribute property

March 20, 2022 | msn.com

Downtown Dallas landmark skyscraper is selling new apartment units

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Company Calendar

Last Earnings: 8/09/2018
Today: 4/19/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Finance
Industry: Real Estate Investment Trusts
Sub-Industry: Specialized REITs
Current Symbol: NYSE:LHO
CUSIP: 51794210
CIK: 1053532
Web: www.lasallehotels.com
Phone: 301-941-1500
Fax: N/A
Employees: N/A
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $2.47
Trailing P/E Ratio: 12.98
Forward P/E Ratio: 13.82
P/E Growth: 2.76
Net Income: $195.03 million
Net Margins: -3.94%
Pretax Margin: N/A
Return on Equity: 3.56%
Return on Assets: 2.28%

Debt

Debt-to-Equity Ratio: 0.47
Current Ratio: 1.97
Quick Ratio: 1.97

Sales & Book Value

Annual Sales: $1.10 billion
Price / Sales: 3.20
Cash Flow: $3.49 per share
Price / Cash Flow: 9.18
Book Value: $21.87 per share
Price / Book: 1.47

Miscellaneous

Outstanding Shares: 110,400,000
Free Float: N/A
Market Cap: $3.54 billion
Optionable: Optionable
Beta: 0.99

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Key Executives

Mr. Michael D. Barnello (Age 53)
Pres, CEO & Trustee
Mr. Kenneth G. Fuller (Age 40)
CFO, Exec. VP, Sec. & Treasurer
Mr. Alfred L. Young Jr. (Age 50)
Exec. VP & COO
Mr. Ian Gaum
Chief Investment Officer
Mr. Max D. Leinweber
VP of Fin. & Asset Management

Key Competitors

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LHO Stock Analysis - Frequently Asked Questions

How were LaSalle Hotel Properties' earnings last quarter?: LaSalle Hotel Properties (NYSE:LHO) posted its quarterly earnings data on Thursday, August, 9th. The real estate investment trust reported $0.28 EPS for the quarter, missing the consensus estimate of $0.77 by $0.49. The real estate investment trust had revenue of $304.60 million for the quarter, compared to analyst estimates of $300.86 million. LaSalle Hotel Properties had a positive trailing twelve-month return on equity of 3.56% and a negative net margin of 3.94%. The company's quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.81 earnings per share.
Is LaSalle Hotel Properties a good dividend stock?: LaSalle Hotel Properties (NYSE:LHO) pays an annual dividend of $1.13 per share and currently has a dividend yield of 3.51%. The dividend payout ratio is 45.75%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LHO will have a dividend payout ratio of 47.68% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LHO.
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), Apple Hospitality REIT (APLE), Xtrackers California Municipal Bond ETF (CA), Bank of America (BAC), BlackRock (BLK), Walt Disney (DIS), Hersha Hospitality Trust (HT), Citigroup (C), Ford Motor (F) and Alphabet (GOOG).

This page (NYSE:LHO) was last updated on 4/19/2024 by MarketBeat.com Staff

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LaSalle Hotel Properties (LHO) Stock Price, News & Analysis

About LaSalle Hotel Properties Stock (NYSE:LHO)

LHO Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

LHO Stock Analysis - Frequently Asked Questions

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