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.
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.
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.
TRADEMARK VIOLATION NOTICE: This story was first published by Ticker Report and is the sole property of of Ticker Report. If you are viewing this story on another site, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark laws. The original version of this story can be read at https://www.tickerreport.com/banking-finance/3336112/lasalle-hotel-properties-lho-expected-to-post-earnings-of-0-27-per-share.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for LaSalle Hotel Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LaSalle Hotel Properties and related companies with MarketBeat.com's FREE daily email newsletter.