Shares of LaSalle Hotel Properties (NYSE:LHO) have been given an average rating of “Hold” by the seventeen brokerages that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation and thirteen have assigned a hold recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $28.05.
Several research firms have recently issued reports on LHO. Boenning Scattergood reaffirmed a “hold” rating on shares of LaSalle Hotel Properties in a research report on Monday, October 23rd. TheStreet cut LaSalle Hotel Properties from a “b” rating to a “c+” rating in a research report on Friday, October 20th. Zacks Investment Research raised LaSalle Hotel Properties from a “sell” rating to a “hold” rating in a research report on Tuesday. Stifel Nicolaus reaffirmed a “hold” rating on shares of LaSalle Hotel Properties in a research report on Tuesday, October 17th. Finally, Robert W. Baird set a $30.00 price objective on LaSalle Hotel Properties and gave the stock a “hold” rating in a research report on Monday, October 23rd.
Shares of LaSalle Hotel Properties (NYSE:LHO) opened at 28.21 on Wednesday. The firm has a 50-day moving average price of $29.06 and a 200-day moving average price of $29.17. LaSalle Hotel Properties has a 1-year low of $23.05 and a 1-year high of $31.87. The stock has a market capitalization of $3.19 billion, a PE ratio of 10.49 and a beta of 1.18.
LaSalle Hotel Properties (NYSE:LHO) last released its quarterly earnings data on Thursday, October 19th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by ($0.46). The business had revenue of $285.90 million for the quarter, compared to analyst estimates of $295.02 million. LaSalle Hotel Properties had a return on equity of 8.31% and a net margin of 18.10%. The company’s revenue was down 12.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.84 earnings per share. On average, equities research analysts forecast that LaSalle Hotel Properties will post $1.60 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 6.38%. The ex-dividend date of this dividend was Thursday, September 28th. LaSalle Hotel Properties’s payout ratio is currently 111.11%.
Institutional investors have recently bought and sold shares of the company. Chiron Investment Management LLC purchased a new stake in shares of LaSalle Hotel Properties in the 2nd quarter valued at about $8,132,000. Dimensional Fund Advisors LP lifted its holdings in shares of LaSalle Hotel Properties by 2.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,587,271 shares of the real estate investment trust’s stock valued at $45,951,000 after purchasing an additional 34,183 shares during the last quarter. Kennedy Capital Management Inc. purchased a new stake in shares of LaSalle Hotel Properties in the 2nd quarter valued at about $2,980,000. Legal & General Group Plc lifted its holdings in shares of LaSalle Hotel Properties by 6.8% in the 2nd quarter. Legal & General Group Plc now owns 755,112 shares of the real estate investment trust’s stock valued at $22,510,000 after purchasing an additional 48,355 shares during the last quarter. Finally, Paragon Capital Management Ltd purchased a new stake in shares of LaSalle Hotel Properties in the 2nd quarter valued at about $248,000.
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LaSalle Hotel Properties Company Profile
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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