LaSalle Hotel Properties (NYSE:LHO) Earning Somewhat Positive News Coverage, Analysis Shows
Media stories about LaSalle Hotel Properties (NYSE:LHO) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. LaSalle Hotel Properties earned a news sentiment score of 0.11 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 46.5981298057451 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
LaSalle Hotel Properties (NYSE LHO) traded up 0.68% during mid-day trading on Friday, reaching $28.11. 1,187,283 shares of the company traded hands. The stock’s 50 day moving average price is $29.68 and its 200 day moving average price is $29.45. LaSalle Hotel Properties has a 52 week low of $23.05 and a 52 week high of $31.87. The firm has a market capitalization of $3.18 billion, a price-to-earnings ratio of 10.45 and a beta of 1.16.
LaSalle Hotel Properties (NYSE:LHO) last released its quarterly earnings results on Wednesday, July 19th. The real estate investment trust reported $0.81 EPS for the quarter, missing the consensus estimate of $0.82 by $0.01. LaSalle Hotel Properties had a net margin of 27.85% and a return on equity of 13.05%. The business had revenue of $307.04 million during the quarter, compared to analysts’ expectations of $318.94 million. During the same quarter last year, the company earned $0.95 EPS. The firm’s revenue for the quarter was down 12.5% compared to the same quarter last year. Equities analysts forecast that LaSalle Hotel Properties will post $1.68 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were given a dividend of $0.45 per share. The ex-dividend date was Wednesday, June 28th. This represents a $1.80 dividend on an annualized basis and a yield of 6.40%. LaSalle Hotel Properties’s payout ratio is currently 66.91%.
LHO has been the subject of a number of research analyst reports. Boenning Scattergood reaffirmed an “outperform” rating and issued a $35.00 price target on shares of LaSalle Hotel Properties in a report on Tuesday, April 18th. Barclays PLC reiterated an “underweight” rating and issued a $28.00 price objective (up previously from $27.00) on shares of LaSalle Hotel Properties in a research note on Sunday, April 23rd. Zacks Investment Research lowered shares of LaSalle Hotel Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, April 26th. BidaskClub upgraded shares of LaSalle Hotel Properties from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $31.00 price objective (up previously from $30.00) on shares of LaSalle Hotel Properties in a research note on Friday, June 16th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $28.88.
About LaSalle Hotel Properties
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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