Zacks: Analysts Expect LaSalle Hotel Properties (LHO) Will Announce Earnings of $0.53 Per Share
Analysts predict that LaSalle Hotel Properties (NYSE:LHO) will post $0.53 earnings per share (EPS) for the current quarter, Zacks reports. Nine analysts have made estimates for LaSalle Hotel Properties’ earnings. The lowest EPS estimate is $0.47 and the highest is $0.61. LaSalle Hotel Properties reported earnings per share of $0.62 during the same quarter last year, which suggests a negative year-over-year growth rate of 14.5%. The company is expected to issue its next quarterly earnings results after the market closes on Tuesday, February 20th.
According to Zacks, analysts expect that LaSalle Hotel Properties will report full-year earnings of $2.46 per share for the current year, with EPS estimates ranging from $2.41 to $2.52. For the next financial year, analysts forecast that the business will post earnings of $2.33 per share, with EPS estimates ranging from $2.21 to $2.43. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for LaSalle Hotel Properties.
A number of research firms have issued reports on LHO. Zacks Investment Research upgraded LaSalle Hotel Properties from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a report on Friday, January 26th. Stifel Nicolaus reiterated a “hold” rating on shares of LaSalle Hotel Properties in a report on Tuesday, October 17th. Citigroup cut LaSalle Hotel Properties from a “neutral” rating to a “sell” rating and set a $25.00 target price for the company. in a report on Thursday, December 14th. Boenning Scattergood reiterated a “hold” rating on shares of LaSalle Hotel Properties in a report on Monday, October 23rd. Finally, Morgan Stanley lowered their target price on LaSalle Hotel Properties from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Monday, October 23rd. Eight investment analysts have rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $28.00.
Several institutional investors have recently bought and sold shares of the company. Assetmark Inc. lifted its stake in LaSalle Hotel Properties by 4,082.5% in the 4th quarter. Assetmark Inc. now owns 4,057 shares of the real estate investment trust’s stock valued at $114,000 after purchasing an additional 3,960 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in LaSalle Hotel Properties in the 3rd quarter valued at about $174,000. Fox Run Management L.L.C. acquired a new stake in LaSalle Hotel Properties in the 3rd quarter valued at about $212,000. Shelton Capital Management acquired a new stake in LaSalle Hotel Properties in the 2nd quarter valued at about $255,000. Finally, Ladenburg Thalmann Financial Services Inc. lifted its stake in LaSalle Hotel Properties by 58.1% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,766 shares of the real estate investment trust’s stock valued at $312,000 after purchasing an additional 3,956 shares during the last quarter.
LaSalle Hotel Properties (NYSE:LHO) traded up $0.26 during mid-day trading on Wednesday, reaching $28.89. The company’s stock had a trading volume of 2,637,604 shares, compared to its average volume of 1,710,552. The company has a market cap of $3,233.90, a PE ratio of 17.83, a PEG ratio of 2.45 and a beta of 1.12. The company has a debt-to-equity ratio of 0.45, a quick ratio of 3.22 and a current ratio of 3.22. LaSalle Hotel Properties has a 52-week low of $27.44 and a 52-week high of $31.75.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, December 28th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.23%. LaSalle Hotel Properties’s dividend payout ratio is 111.11%.
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About LaSalle Hotel Properties
LaSalle 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).
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