Brokerages Expect LaSalle Hotel Properties (LHO) Will Announce Earnings of $0.50 Per Share

Share on StockTwits

Brokerages forecast that LaSalle Hotel Properties (NYSE:LHO) will announce earnings per share of $0.50 for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for LaSalle Hotel Properties’ earnings. The highest EPS estimate is $0.54 and the lowest is $0.44. LaSalle Hotel Properties reported earnings per share of $0.53 in the same quarter last year, which would indicate a negative year-over-year growth rate of 5.7%. The company is scheduled to report its next earnings report on Tuesday, February 19th.

On average, analysts expect that LaSalle Hotel Properties will report full-year earnings of $2.32 per share for the current fiscal year, with EPS estimates ranging from $2.18 to $2.41. For the next fiscal year, analysts forecast that the company will report earnings of $2.37 per share, with EPS estimates ranging from $2.24 to $2.44. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover LaSalle Hotel Properties.

LaSalle Hotel Properties (NYSE:LHO) last posted its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.05. LaSalle Hotel Properties had a positive return on equity of 3.56% and a negative net margin of 3.94%. The firm had revenue of $298.00 million for the quarter, compared to the consensus estimate of $291.71 million. During the same quarter in the prior year, the business earned $0.68 EPS. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year.

Several research analysts have issued reports on LHO shares. Zacks Investment Research raised LaSalle Hotel Properties from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a report on Friday, August 10th. ValuEngine raised LaSalle Hotel Properties from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. JPMorgan Chase & Co. upped their price objective on LaSalle Hotel Properties from $29.00 to $30.00 and gave the stock a “neutral” rating in a report on Friday, August 10th. Deutsche Bank set a $32.00 price objective on LaSalle Hotel Properties and gave the stock a “hold” rating in a report on Friday, October 19th. Finally, Barclays reiterated a “hold” rating and set a $39.00 target price on shares of LaSalle Hotel Properties in a research report on Sunday, September 9th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. LaSalle Hotel Properties presently has a consensus rating of “Hold” and a consensus target price of $30.32.

Several institutional investors and hedge funds have recently added to or reduced their stakes in LHO. UBS Group AG increased its position in shares of LaSalle Hotel Properties by 138.7% in the 1st quarter. UBS Group AG now owns 142,130 shares of the real estate investment trust’s stock valued at $4,123,000 after buying an additional 82,584 shares in the last quarter. Havens Advisors LLC bought a new stake in shares of LaSalle Hotel Properties in the 2nd quarter valued at $3,146,000. FNY Investment Advisers LLC bought a new stake in shares of LaSalle Hotel Properties in the 2nd quarter valued at $2,086,000. Zeke Capital Advisors LLC bought a new stake in shares of LaSalle Hotel Properties in the 2nd quarter valued at $212,000. Finally, Meeder Asset Management Inc. increased its position in shares of LaSalle Hotel Properties by 1,209.1% in the 2nd quarter. Meeder Asset Management Inc. now owns 3,325 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 3,071 shares in the last quarter. Institutional investors and hedge funds own 97.66% of the company’s stock.

NYSE:LHO opened at $33.56 on Tuesday. LaSalle Hotel Properties has a 52-week low of $24.10 and a 52-week high of $36.13. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.97 and a current ratio of 1.97. The firm has a market cap of $3.65 billion, a price-to-earnings ratio of 13.96, a PEG ratio of 2.85 and a beta of 0.99.

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.

Featured Article: Marijuana Stocks Future Looks Bright

Get a free copy of the Zacks research report on LaSalle Hotel Properties (LHO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for LaSalle Hotel Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LaSalle Hotel Properties and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply