LaSalle Hotel Properties (LHO) Expected to Post Earnings of $0.27 Per Share

Equities analysts expect LaSalle Hotel Properties (NYSE:LHO) to report earnings per share of $0.27 for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have issued estimates for LaSalle Hotel Properties’ earnings. The highest EPS estimate is $0.29 and the lowest is $0.25. LaSalle Hotel Properties posted earnings of $0.45 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 40%. The business is scheduled to report its next quarterly earnings report on Wednesday, April 18th.

On average, analysts expect that LaSalle Hotel Properties will report full-year earnings of $2.10 per share for the current financial year, with EPS estimates ranging from $2.06 to $2.17. For the next year, analysts anticipate that the business will report earnings of $2.15 per share, with EPS estimates ranging from $2.03 to $2.25. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover LaSalle Hotel Properties.

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LaSalle Hotel Properties (NYSE:LHO) last announced its earnings results on Tuesday, February 20th. The real estate investment trust reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.39). LaSalle Hotel Properties had a net margin of 17.65% and a return on equity of 8.11%. The business had revenue of $257.51 million for the quarter, compared to analysts’ expectations of $261.42 million.

A number of brokerages have commented on LHO. Robert W. Baird set a $30.00 target price on shares of LaSalle Hotel Properties and gave the company a “buy” rating in a report on Tuesday. Boenning Scattergood raised shares of LaSalle Hotel Properties from an “under perform” rating to a “neutral” rating in a research note on Thursday, March 29th. ValuEngine raised shares of LaSalle Hotel Properties from a “hold” rating to a “buy” rating in a research note on Wednesday, March 28th. Zacks Investment Research cut shares of LaSalle Hotel Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, February 27th. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $26.00 price objective on shares of LaSalle Hotel Properties in a research note on Friday, February 23rd. Eight investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. LaSalle Hotel Properties has an average rating of “Hold” and an average target price of $26.96.

LHO stock traded down $0.30 during midday trading on Friday, reaching $29.37. 1,185,197 shares of the company’s stock traded hands, compared to its average volume of 2,259,461. LaSalle Hotel Properties has a 52-week low of $24.10 and a 52-week high of $31.75. The stock has a market cap of $3,352.00, a P/E ratio of 11.89, a P/E/G ratio of 2.82 and a beta of 1.12. The company has a current ratio of 3.30, a quick ratio of 3.30 and a debt-to-equity ratio of 0.45.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Thursday, March 29th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.80 annualized dividend and a yield of 6.13%. LaSalle Hotel Properties’s payout ratio is 72.87%.

In related news, CEO Michael D. Barnello bought 19,398 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The stock was bought at an average cost of $24.65 per share, with a total value of $478,160.70. Following the completion of the purchase, the chief executive officer now owns 183,221 shares of the company’s stock, valued at approximately $4,516,397.65. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.38% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of LHO. Long Pond Capital LP purchased a new position in LaSalle Hotel Properties during the fourth quarter valued at $162,260,000. Bank of New York Mellon Corp grew its stake in LaSalle Hotel Properties by 54.7% during the fourth quarter. Bank of New York Mellon Corp now owns 6,417,138 shares of the real estate investment trust’s stock valued at $180,130,000 after acquiring an additional 2,269,602 shares in the last quarter. Deutsche Bank AG grew its stake in LaSalle Hotel Properties by 109.5% during the fourth quarter. Deutsche Bank AG now owns 444,643 shares of the real estate investment trust’s stock valued at $12,477,000 after acquiring an additional 232,429 shares in the last quarter. JPMorgan Chase & Co. grew its stake in LaSalle Hotel Properties by 14.9% during the third quarter. JPMorgan Chase & Co. now owns 1,201,025 shares of the real estate investment trust’s stock valued at $34,831,000 after acquiring an additional 155,893 shares in the last quarter. Finally, Macquarie Group Ltd. grew its stake in LaSalle Hotel Properties by 11.1% during the fourth quarter. Macquarie Group Ltd. now owns 1,328,813 shares of the real estate investment trust’s stock valued at $36,601,000 after acquiring an additional 133,223 shares in the last quarter.

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LaSalle Hotel Properties Company Profile

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.

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Earnings History and Estimates for LaSalle Hotel Properties (NYSE:LHO)

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