$0.68 EPS Expected for LaSalle Hotel Properties (LHO) This Quarter

Analysts expect LaSalle Hotel Properties (NYSE:LHO) to announce earnings per share (EPS) of $0.68 for the current fiscal quarter, Zacks reports. Eight analysts have issued estimates for LaSalle Hotel Properties’ earnings, with estimates ranging from $0.63 to $0.77. LaSalle Hotel Properties also posted earnings of $0.68 per share in the same quarter last year. The business is scheduled to issue its next quarterly earnings report after the market closes on Thursday, November 1st.

According to Zacks, analysts expect that LaSalle Hotel Properties will report full year earnings of $2.28 per share for the current fiscal year, with EPS estimates ranging from $2.18 to $2.40. For the next financial year, analysts forecast that the business will post earnings of $2.35 per share, with EPS estimates ranging from $2.24 to $2.39. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover LaSalle Hotel Properties.

LaSalle Hotel Properties (NYSE:LHO) last announced its earnings results on Thursday, August 9th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.49). LaSalle Hotel Properties had a return on equity of 3.31% and a net margin of 7.08%. The company had revenue of $304.60 million during the quarter, compared to analysts’ expectations of $300.86 million. During the same quarter last year, the firm posted $0.81 earnings per share. The firm’s revenue was down .8% on a year-over-year basis.

Several research analysts recently issued reports on LHO shares. JPMorgan Chase & Co. upped their target price on shares of LaSalle Hotel Properties from $29.00 to $30.00 and gave the stock a “neutral” rating in a research report on Friday, August 10th. Zacks Investment Research upgraded shares of LaSalle Hotel Properties from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research report on Friday, August 10th. ValuEngine lowered shares of LaSalle Hotel Properties from a “buy” rating to a “hold” rating in a research report on Saturday, June 16th. Finally, Barclays reiterated a “hold” rating and issued a $39.00 target price on shares of LaSalle Hotel Properties in a research report on Sunday, September 9th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the company’s stock. LaSalle Hotel Properties has an average rating of “Hold” and an average target price of $29.54.

Shares of NYSE:LHO opened at $31.76 on Friday. LaSalle Hotel Properties has a 52-week low of $24.10 and a 52-week high of $36.13. The firm has a market capitalization of $3.82 billion, a P/E ratio of 12.86, a P/E/G ratio of 3.03 and a beta of 1.07. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.46.

A number of institutional investors have recently bought and sold shares of LHO. New York State Common Retirement Fund lifted its stake in LaSalle Hotel Properties by 1.7% in the first quarter. New York State Common Retirement Fund now owns 143,390 shares of the real estate investment trust’s stock worth $4,160,000 after purchasing an additional 2,421 shares during the last quarter. California Public Employees Retirement System lifted its stake in LaSalle Hotel Properties by 5.0% in the first quarter. California Public Employees Retirement System now owns 347,269 shares of the real estate investment trust’s stock worth $10,074,000 after purchasing an additional 16,484 shares during the last quarter. Hsbc Holdings PLC lifted its stake in LaSalle Hotel Properties by 13.5% in the first quarter. Hsbc Holdings PLC now owns 15,833 shares of the real estate investment trust’s stock worth $459,000 after purchasing an additional 1,881 shares during the last quarter. OppenheimerFunds Inc. lifted its stake in LaSalle Hotel Properties by 7.9% in the first quarter. OppenheimerFunds Inc. now owns 78,888 shares of the real estate investment trust’s stock worth $2,289,000 after purchasing an additional 5,762 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its stake in LaSalle Hotel Properties by 5.0% in the first quarter. Nomura Asset Management Co. Ltd. now owns 69,410 shares of the real estate investment trust’s stock worth $2,014,000 after purchasing an additional 3,290 shares during the last quarter. 97.90% of the stock is owned by institutional investors and hedge funds.

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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