LaSalle Hotel Properties (LHO) Scheduled to Post Earnings on Thursday

LaSalle Hotel Properties (NYSE:LHO) will release its earnings data after the market closes on Thursday, October 19th. Analysts expect LaSalle Hotel Properties to post earnings of $0.35 per share for the quarter.

LaSalle Hotel Properties (NYSE:LHO) last issued its earnings results on Wednesday, July 19th. The real estate investment trust reported $0.81 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.01). LaSalle Hotel Properties had a return on equity of 13.05% and a net margin of 27.85%. The company had revenue of $307.04 million during the quarter, compared to the consensus estimate of $318.94 million. During the same quarter in the prior year, the business earned $0.95 EPS. The firm’s revenue for the quarter was down 12.5% compared to the same quarter last year. On average, analysts expect LaSalle Hotel Properties to post $1.68 EPS for the current fiscal year and $0.84 EPS for the next fiscal year.

LaSalle Hotel Properties (NYSE LHO) opened at 30.18 on Wednesday. LaSalle Hotel Properties has a 52 week low of $23.05 and a 52 week high of $31.87. The firm has a 50-day moving average price of $28.92 and a 200 day moving average price of $29.17. The company has a market cap of $3.42 billion, a P/E ratio of 11.22 and a beta of 1.18.

The business also recently declared a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 5.96%. The ex-dividend date was Thursday, September 28th. LaSalle Hotel Properties’s payout ratio is 66.91%.

A number of equities analysts have recently weighed in on the company. Boenning Scattergood set a $35.00 price objective on LaSalle Hotel Properties and gave the stock a “buy” rating in a research note on Tuesday, June 27th. Robert W. Baird set a $31.00 price objective on LaSalle Hotel Properties and gave the stock a “hold” rating in a research note on Friday, August 25th. Stifel Nicolaus reaffirmed a “hold” rating on shares of LaSalle Hotel Properties in a research note on Tuesday. BidaskClub lowered LaSalle Hotel Properties from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Finally, Deutsche Bank AG dropped their price objective on LaSalle Hotel Properties from $28.00 to $27.00 and set a “hold” rating for the company in a research note on Friday, July 21st. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $28.86.

ILLEGAL ACTIVITY WARNING: “LaSalle Hotel Properties (LHO) Scheduled to Post Earnings on Thursday” was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of United States and international copyright & trademark laws. The legal version of this piece of content can be read at https://ledgergazette.com/2017/10/18/lasalle-hotel-properties-lho-scheduled-to-post-earnings-on-thursday.html.

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 fu

LaSalle Hotel Properties (NYSE:LHO) last issued its earnings results on Wednesday, July 19th. The real estate investment trust reported $0.81 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.01). LaSalle Hotel Properties had a return on equity of 13.05% and a net margin of 27.85%. The company had revenue of $307.04 million during the quarter, compared to the consensus estimate of $318.94 million. During the same quarter in the prior year, the business earned $0.95 EPS. The firm’s revenue for the quarter was down 12.5% compared to the same quarter last year. On average, analysts expect LaSalle Hotel Properties to post $1.68 EPS for the current fiscal year and $0.84 EPS for the next fiscal year.

LaSalle Hotel Properties (NYSE LHO) opened at 30.18 on Wednesday. LaSalle Hotel Properties has a 52 week low of $23.05 and a 52 week high of $31.87. The firm has a 50-day moving average price of $28.92 and a 200 day moving average price of $29.17. The company has a market cap of $3.42 billion, a P/E ratio of 11.22 and a beta of 1.18.

The business also recently declared a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 5.96%. The ex-dividend date was Thursday, September 28th. LaSalle Hotel Properties’s payout ratio is 66.91%.

A number of equities analysts have recently weighed in on the company. Boenning Scattergood set a $35.00 price objective on LaSalle Hotel Properties and gave the stock a “buy” rating in a research note on Tuesday, June 27th. Robert W. Baird set a $31.00 price objective on LaSalle Hotel Properties and gave the stock a “hold” rating in a research note on Friday, August 25th. Stifel Nicolaus reaffirmed a “hold” rating on shares of LaSalle Hotel Properties in a research note on Tuesday. BidaskClub lowered LaSalle Hotel Properties from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Finally, Deutsche Bank AG dropped their price objective on LaSalle Hotel Properties from $28.00 to $27.00 and set a “hold” rating for the company in a research note on Friday, July 21st. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $28.86.

ILLEGAL ACTIVITY WARNING: “LaSalle Hotel Properties (LHO) Scheduled to Post Earnings on Thursday” was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of United States and international copyright & trademark laws. The legal version of this piece of content can be read at https://ledgergazette.com/2017/10/18/lasalle-hotel-properties-lho-scheduled-to-post-earnings-on-thursday.html.

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).

Earnings History for LaSalle Hotel Properties (NYSE:LHO)

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