$0.27 Earnings Per Share Expected for LaSalle Hotel Properties (LHO) This Quarter
Equities analysts forecast that LaSalle Hotel Properties (NYSE:LHO) will report earnings per share (EPS) of $0.27 for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have provided estimates for LaSalle Hotel Properties’ earnings. The lowest EPS estimate is $0.25 and the highest is $0.29. LaSalle Hotel Properties reported earnings per share of $0.45 during the same quarter last year, which would suggest a negative year-over-year growth rate of 40%. The company is expected to report its next quarterly earnings report on Wednesday, April 18th.
On average, analysts expect that LaSalle Hotel Properties will report full-year earnings of $2.10 per share for the current year, with EPS estimates ranging from $2.06 to $2.14. For the next year, analysts anticipate that the business will report earnings of $2.13 per share, with EPS estimates ranging from $1.99 to $2.24. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow LaSalle Hotel Properties.
Several research firms have recently commented on LHO. Deutsche Bank reduced their target price on LaSalle Hotel Properties from $28.00 to $24.00 and set a “hold” rating for the company in a research note on Thursday, February 22nd. Robert W. Baird set a $27.00 price target on LaSalle Hotel Properties and gave the company a “hold” rating in a research report on Thursday, February 22nd. Zacks Investment Research lowered LaSalle Hotel Properties from a “hold” rating to a “sell” rating in a research report on Tuesday. Barclays dropped their price target on LaSalle Hotel Properties from $27.00 to $24.00 and set an “underweight” rating on the stock in a research report on Thursday, February 22nd. Finally, Boenning Scattergood reissued a “sell” rating on shares of LaSalle Hotel Properties in a research report on Thursday, February 22nd. Nine analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $26.73.
A number of hedge funds and other institutional investors have recently modified their holdings of LHO. Assetmark Inc. increased its position in LaSalle Hotel Properties by 4,082.5% in the fourth quarter. Assetmark Inc. now owns 4,057 shares of the real estate investment trust’s stock worth $114,000 after buying an additional 3,960 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in LaSalle Hotel Properties in the third quarter worth $174,000. Fox Run Management L.L.C. acquired a new stake in LaSalle Hotel Properties in the third quarter worth $212,000. Xact Kapitalforvaltning AB acquired a new stake in LaSalle Hotel Properties in the fourth quarter worth $267,000. Finally, Elkfork Partners LLC acquired a new stake in LaSalle Hotel Properties in the fourth quarter worth $285,000.
LaSalle Hotel Properties (LHO) traded up $0.38 during trading on Friday, hitting $25.00. The stock had a trading volume of 2,219,291 shares, compared to its average volume of 2,834,502. The stock has a market cap of $2,787.11, a PE ratio of 16.34, a P/E/G ratio of 2.35 and a beta of 1.28. The company has a debt-to-equity ratio of 0.45, a quick ratio of 3.30 and a current ratio of 3.30. LaSalle Hotel Properties has a 12 month low of $24.10 and a 12 month high of $31.75.
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).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.