According to Zacks, “Jones Lang LaSalle’s — popularly known as JLL — better-than-expected first-quarter 2019 adjusted earnings per share were backed by robust organic Real Estate Services revenue growth, as well as improvement in the Asia-Pacific and Americas’ segment. The acquisition of HFF, Inc. will help enhance its U.S. capital markets presence. JLL has a diversified product & services range which helps register balanced revenue growth across its operating markets. Also, spate of strategic investment activities, in a bid to capitalize on market consolidations, are anticipated to boost long-term profitability. However, shares of the company underperformed its industry over the past six months. Also, there has been deceleration of commercial real estate transaction volumes over the past couple of years. Furthermore, trade tension and political uncertainty are anticipated to add to its woes, affecting transaction levels.”
Other equities analysts also recently issued reports about the stock. Goldman Sachs Group raised shares of Jones Lang LaSalle from a neutral rating to a buy rating and raised their price target for the stock from $183.00 to $206.00 in a research note on Friday, May 10th. ValuEngine raised shares of Jones Lang LaSalle from a hold rating to a buy rating in a research note on Wednesday, February 13th. Barclays reissued a buy rating and issued a $181.00 price target on shares of Jones Lang LaSalle in a research note on Tuesday, April 16th. JMP Securities reissued a hold rating on shares of Jones Lang LaSalle in a research note on Sunday, February 17th. Finally, Keefe, Bruyette & Woods downgraded shares of Jones Lang LaSalle from an outperform rating to a market perform rating in a research note on Wednesday, April 17th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $177.83.
Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Tuesday, May 7th. The financial services provider reported $0.89 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.20. The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.89 billion. Jones Lang LaSalle had a net margin of 2.81% and a return on equity of 15.36%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period last year, the firm posted $0.97 earnings per share. Research analysts predict that Jones Lang LaSalle will post 11.65 earnings per share for the current fiscal year.
The firm also recently declared a semiannual dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 17th will be paid a $0.43 dividend. This is an increase from Jones Lang LaSalle’s previous semiannual dividend of $0.41. This represents a dividend yield of 0.61%. The ex-dividend date is Thursday, May 16th. Jones Lang LaSalle’s dividend payout ratio (DPR) is currently 7.02%.
Several large investors have recently bought and sold shares of the company. Jane Street Group LLC purchased a new position in Jones Lang LaSalle during the third quarter worth about $323,000. Nordea Investment Management AB raised its stake in Jones Lang LaSalle by 64.2% during the third quarter. Nordea Investment Management AB now owns 44,750 shares of the financial services provider’s stock worth $6,458,000 after purchasing an additional 17,492 shares during the period. Vanguard Group Inc raised its stake in Jones Lang LaSalle by 6.6% during the third quarter. Vanguard Group Inc now owns 6,964,895 shares of the financial services provider’s stock worth $1,005,173,000 after purchasing an additional 432,487 shares during the period. State of Alaska Department of Revenue raised its stake in Jones Lang LaSalle by 2.0% during the fourth quarter. State of Alaska Department of Revenue now owns 4,816 shares of the financial services provider’s stock worth $609,000 after purchasing an additional 93 shares during the period. Finally, Oakbrook Investments LLC raised its stake in Jones Lang LaSalle by 39.7% during the fourth quarter. Oakbrook Investments LLC now owns 4,050 shares of the financial services provider’s stock worth $513,000 after purchasing an additional 1,150 shares during the period. 91.74% of the stock is currently owned by hedge funds and other institutional investors.
About Jones Lang LaSalle
Jones Lang LaSalle Incorporated, a professional services company, provides commercial real estate and investment management services worldwide. It offers a range of real estate services, including agency leasing, logistics and supply-chain management, corporate finance, mortgage origination and servicing, debt placement, project and development management/design, digital, property management, energy and sustainability, real estate investment banking, integrated facilities management, research, investment management and advisory, strategic consulting and advisory, investment sale, tenant representation, lease administration, and valuations.
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