$0.53 Earnings Per Share Expected for LaSalle Hotel Properties (LHO) This Quarter
Equities analysts expect LaSalle Hotel Properties (NYSE:LHO) to post $0.53 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have provided estimates for LaSalle Hotel Properties’ earnings, with the lowest EPS estimate coming in at $0.47 and the highest estimate coming in at $0.59. LaSalle Hotel Properties reported earnings per share of $0.20 during the same quarter last year, which suggests a positive year-over-year growth rate of 165%. The company is scheduled to report its next quarterly earnings report on Wednesday, February 28th.
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 $2.51. For the next year, analysts anticipate that the company will post earnings of $2.33 per share, with EPS estimates ranging from $2.21 to $2.48. Zacks’ EPS calculations are an average based on a survey of research firms that cover LaSalle Hotel Properties.
LaSalle Hotel Properties (NYSE:LHO) last announced 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). LaSalle Hotel Properties had a net margin of 18.10% and a return on equity of 8.31%. The company had revenue of $285.90 million for the quarter, compared to analysts’ expectations of $295.02 million. During the same period in the prior year, the firm earned $0.84 earnings per share. The firm’s quarterly revenue was down 12.5% on a year-over-year basis.
A number of equities research analysts have recently issued reports on LHO shares. Evercore ISI lowered shares of LaSalle Hotel Properties from an “in-line” rating to an “underperform” rating in a research note on Monday. They noted that the move was a valuation call. J P Morgan Chase & Co lowered shares of LaSalle Hotel Properties from a “neutral” rating to an “underweight” rating and set a $24.00 target price on the stock. in a research note on Thursday. Zacks Investment Research upgraded shares of LaSalle Hotel Properties from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of LaSalle Hotel Properties in a research note on Monday, October 30th. Finally, UBS AG lowered shares of LaSalle Hotel Properties from an “outperform” rating to a “market perform” rating in a research note on Monday, October 30th. Five investment analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the stock. LaSalle Hotel Properties currently has a consensus rating of “Hold” and an average price target of $28.64.
Shares of LaSalle Hotel Properties (NYSE LHO) traded down $0.36 during trading on Monday, reaching $27.82. 1,256,340 shares of the company were exchanged, compared to its average volume of 1,284,080. LaSalle Hotel Properties has a 12-month low of $26.82 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 stock has a market cap of $3,190.87, a PE ratio of 11.01, a price-to-earnings-growth ratio of 2.29 and a beta of 1.12.
Several institutional investors and hedge funds have recently made changes to their positions in the company. First Mercantile Trust Co. grew its stake in LaSalle Hotel Properties by 1.9% in the 2nd quarter. First Mercantile Trust Co. now owns 3,790 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 70 shares during the last quarter. GAM Holding AG grew its stake in LaSalle Hotel Properties by 3.7% in the 2nd quarter. GAM Holding AG now owns 9,786 shares of the real estate investment trust’s stock valued at $292,000 after buying an additional 347 shares during the last quarter. IFP Advisors Inc grew its stake in LaSalle Hotel Properties by 14.9% in the 2nd quarter. IFP Advisors Inc now owns 4,577 shares of the real estate investment trust’s stock valued at $136,000 after buying an additional 592 shares during the last quarter. Capstone Asset Management Co. grew its stake in LaSalle Hotel Properties by 6.4% in the 2nd quarter. Capstone Asset Management Co. now owns 11,385 shares of the real estate investment trust’s stock valued at $339,000 after buying an additional 680 shares during the last quarter. Finally, Arizona State Retirement System grew its stake in LaSalle Hotel Properties by 1.5% in the 2nd quarter. Arizona State Retirement System now owns 47,700 shares of the real estate investment trust’s stock valued at $1,421,000 after buying an additional 700 shares during the last quarter.
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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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