LaSalle Hotel Properties (LHO) to Release Quarterly Earnings on Wednesday

LaSalle Hotel Properties (NYSE:LHO) is scheduled to announce its earnings results after the market closes on Wednesday, July 19th. Analysts expect the company to announce earnings of $0.43 per share for the quarter.

LaSalle Hotel Properties (LHO) opened at 30.84 on Tuesday. LaSalle Hotel Properties has a 52-week low of $23.05 and a 52-week high of $31.87. The company has a market cap of $3.49 billion, a PE ratio of 11.46 and a beta of 1.16. The firm’s 50-day moving average is $29.64 and its 200-day moving average is $29.63.

The business also recently announced a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.84%. The ex-dividend date of this dividend was Wednesday, June 28th. LaSalle Hotel Properties’s dividend payout ratio (DPR) is presently 66.91%.

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In other LaSalle Hotel Properties news, COO Alfred L. Young sold 15,000 shares of LaSalle Hotel Properties stock in a transaction dated Thursday, April 27th. The stock was sold at an average price of $30.44, for a total value of $456,600.00. Following the completion of the transaction, the chief operating officer now directly owns 100,027 shares of the company’s stock, valued at approximately $3,044,821.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.38% of the company’s stock.

A number of brokerages have issued reports on LHO. Boenning Scattergood set a $35.00 target price on LaSalle Hotel Properties and gave the stock a “buy” rating in a research note on Tuesday, June 27th. Robert W. Baird reissued a “neutral” rating and set a $31.00 price objective (up from $30.00) on shares of LaSalle Hotel Properties in a research report on Friday, June 16th. BidaskClub raised LaSalle Hotel Properties from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Zacks Investment Research downgraded LaSalle Hotel Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, April 26th. Finally, Barclays PLC reissued an “underweight” rating and set a $28.00 price objective (up from $27.00) on shares of LaSalle Hotel Properties in a research report on Sunday, April 23rd. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company. LaSalle Hotel Properties currently has an average rating of “Hold” and a consensus price target of $28.96.

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).

Earnings History for LaSalle Hotel Properties (NYSE:LHO)

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