Analysts Anticipate LaSalle Hotel Properties (LHO) to Announce $0.77 Earnings Per Share

Wall Street brokerages expect LaSalle Hotel Properties (NYSE:LHO) to announce earnings per share of $0.77 for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for LaSalle Hotel Properties’ earnings. The highest EPS estimate is $0.83 and the lowest is $0.75. LaSalle Hotel Properties posted earnings per share of $0.81 during the same quarter last year, which would suggest a negative year over year growth rate of 4.9%. The firm is scheduled to report its next earnings results before the market opens on Thursday, August 9th.

On average, analysts expect that LaSalle Hotel Properties will report full year earnings of $2.24 per share for the current financial year, with EPS estimates ranging from $2.18 to $2.34. For the next year, analysts expect that the business will post earnings of $2.29 per share, with EPS estimates ranging from $2.22 to $2.38. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for LaSalle Hotel Properties.

LaSalle Hotel Properties (NYSE:LHO) last released its earnings results on Thursday, May 10th. The real estate investment trust reported ($0.10) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.37). LaSalle Hotel Properties had a return on equity of 4.46% and a net margin of 9.55%. The company had revenue of $223.00 million during the quarter, compared to the consensus estimate of $216.67 million. During the same period last year, the firm posted $0.67 earnings per share. The company’s revenue was down 12.3% compared to the same quarter last year.

Several equities research analysts have commented on the company. ValuEngine downgraded LaSalle Hotel Properties from a “buy” rating to a “hold” rating in a report on Saturday, June 16th. Zacks Investment Research downgraded LaSalle Hotel Properties from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. BTIG Research raised LaSalle Hotel Properties from a “neutral” rating to a “buy” rating in a report on Friday, May 18th. Boenning Scattergood reissued a “hold” rating on shares of LaSalle Hotel Properties in a report on Friday, May 11th. Finally, JPMorgan Chase & Co. raised LaSalle Hotel Properties from an “underweight” rating to a “neutral” rating in a report on Thursday, May 10th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $27.38.

LaSalle Hotel Properties opened at $34.38 on Monday, Marketbeat reports. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.87 and a current ratio of 1.87. LaSalle Hotel Properties has a 12 month low of $24.10 and a 12 month high of $36.13. The firm has a market capitalization of $3.81 billion, a price-to-earnings ratio of 13.92 and a beta of 1.09.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 16th. Stockholders of record on Friday, June 29th were paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 2.62%. The ex-dividend date was Thursday, June 28th. LaSalle Hotel Properties’s dividend payout ratio is currently 36.44%.

Several hedge funds have recently bought and sold shares of the company. People s United Financial Inc. raised its stake in shares of LaSalle Hotel Properties by 30.3% in the second quarter. People s United Financial Inc. now owns 61,367 shares of the real estate investment trust’s stock worth $2,101,000 after purchasing an additional 14,256 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of LaSalle Hotel Properties by 4.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,648,978 shares of the real estate investment trust’s stock worth $56,445,000 after purchasing an additional 75,555 shares during the last quarter. Gideon Capital Advisors Inc. purchased a new position in shares of LaSalle Hotel Properties in the second quarter worth $230,000. Canada Pension Plan Investment Board purchased a new position in shares of LaSalle Hotel Properties in the second quarter worth $6,504,000. Finally, SG Americas Securities LLC raised its stake in shares of LaSalle Hotel Properties by 121.0% in the second quarter. SG Americas Securities LLC now owns 197,724 shares of the real estate investment trust’s stock worth $6,768,000 after purchasing an additional 108,255 shares during the last quarter.

LaSalle Hotel Properties Company Profile

LaSalle Hotel Properties is a leading multi-operator real estate investment trust. The Company owns 41 properties, which are upscale, full-service hotels, totaling 10,452 guest rooms in 11 markets in seven states and the District of Columbia. The Company focuses on owning, redeveloping and repositioning upscale, full-service hotels located in urban, resort and convention markets.

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Earnings History and Estimates for LaSalle Hotel Properties (NYSE:LHO)

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