Wall Street analysts predict that LaSalle Hotel Properties (NYSE:LHO) will post earnings of $0.53 per share for the current fiscal quarter, Zacks reports. Nine analysts have provided estimates for LaSalle Hotel Properties’ earnings. The highest EPS estimate is $0.59 and the lowest is $0.47. LaSalle Hotel Properties reported earnings of $0.20 per share in the same quarter last year, which would indicate a positive year over year growth rate of 165%. The firm is scheduled to report its next quarterly earnings results on Wednesday, February 28th.
On average, analysts expect that LaSalle Hotel Properties will report full-year earnings of $2.46 per share for the current fiscal year, with EPS estimates ranging from $2.41 to $2.51. For the next financial year, analysts forecast that the company will post earnings of $2.34 per share, with EPS estimates ranging from $2.21 to $2.49. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that cover LaSalle Hotel Properties.
LaSalle Hotel Properties (NYSE:LHO) last announced its earnings results on Thursday, October 19th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.46). The firm 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 for the quarter was down 12.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.84 EPS.
Shares of LaSalle Hotel Properties (LHO) traded down $0.32 during trading hours on Tuesday, reaching $28.07. 1,194,536 shares of the company’s stock were exchanged, compared to its average volume of 1,274,527. LaSalle Hotel Properties has a 12-month low of $27.44 and a 12-month high of $31.87. The company has a current ratio of 3.22, a quick ratio of 3.22 and a debt-to-equity ratio of 0.45. The company has a market cap of $3,239.56, a price-to-earnings ratio of 17.33, a P/E/G ratio of 2.32 and a beta of 1.11.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be issued a $0.45 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.41%. LaSalle Hotel Properties’s dividend payout ratio (DPR) is presently 111.11%.
In other news, COO Alfred L. Young sold 17,750 shares of LaSalle Hotel Properties stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $28.28, for a total value of $501,970.00. Following the sale, the chief operating officer now directly owns 88,808 shares in the company, valued at $2,511,490.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.38% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in LHO. Ffcm LLC boosted its position in LaSalle Hotel Properties by 150.1% during the second quarter. Ffcm LLC now owns 4,074 shares of the real estate investment trust’s stock worth $125,000 after purchasing an additional 2,445 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of LaSalle Hotel Properties in the third quarter valued at about $174,000. Fox Run Management L.L.C. bought a new stake in shares of LaSalle Hotel Properties in the third quarter valued at about $212,000. Koch Industries Inc. bought a new stake in shares of LaSalle Hotel Properties in the second quarter valued at about $217,000. Finally, Riverhead Capital Management LLC boosted its position in shares of LaSalle Hotel Properties by 67.2% in the second quarter. Riverhead Capital Management LLC now owns 7,690 shares of the real estate investment trust’s stock valued at $229,000 after acquiring an additional 3,090 shares during the period.
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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