LaSalle Hotel Properties (LHO) Plans Quarterly Dividend of $0.20

LaSalle Hotel Properties (NYSE:LHO) declared a quarterly dividend on Friday, June 14th, StockRatingsNetwork.com reports. Stockholders of record on Friday, June 28th will be given a dividend of $0.20 per share on Monday, July 15th. This represents a $0.80 dividend on an annualized basis and a yield of 3.20%.

LHO has been the subject of a number of recent research reports. Analysts at ISI Group upgraded shares of LaSalle Hotel Properties from a “neutral” rating to a “buy” rating in a research note to investors on Monday, June 3rd. They now have a $31.00 price target on the stock, up previously from $30.00. On the ratings front, analysts at Evercore Partners initiated coverage on shares of LaSalle Hotel Properties in a research note to investors on Wednesday, May 29th. They set an “equal weight” rating on the stock. Finally, analysts at Zacks upgraded shares of LaSalle Hotel Properties from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, April 23rd. They now have a $26.20 price target on the stock.

One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $27.12.

Shares of LaSalle Hotel Properties (NYSE: LHO) traded up 0.68% during mid-day trading on Friday, hitting $25.20. LaSalle Hotel Properties has a 52 week low of $22.33 and a 52 week high of $30.01. The stock’s 50-day moving average is currently $26.26. The company has a market cap of $2.408 billion and a P/E ratio of 41.51.

LaSalle Hotel Properties (NYSE: LHO) last announced its earnings results on Thursday, April 18th. The company reported $0.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.25 by $0.02. The company had revenue of $191.70 million for the quarter, compared to the consensus estimate of $188.64 million. During the same quarter last year, the company posted $0.21 earnings per share. LaSalle Hotel Properties’s revenue was up 11.3% compared to the same quarter last year. Analysts expect that LaSalle Hotel Properties will post $2.19 EPS for the current fiscal year.

Lasalle Hotel Properties is a self-managed and self-administered real estate investment trust (NYSE: LHO).

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