Wall Street analysts expect LaSalle Hotel Properties (NYSE:LHO) to report sales of $261.46 million for the current quarter, Zacks Investment Research reports. Nine analysts have provided estimates for LaSalle Hotel Properties’ earnings. The highest sales estimate is $271.01 million and the lowest is $250.71 million. LaSalle Hotel Properties reported sales of $289.49 million in the same quarter last year, which indicates a negative year over year growth rate of 9.7%. The company is expected to issue its next earnings results on Wednesday, February 28th.
On average, analysts expect that LaSalle Hotel Properties will report full year sales of $261.46 million for the current year, with estimates ranging from $1.10 billion to $1.12 billion. For the next fiscal year, analysts expect that the firm will post sales of $1.08 billion per share, with estimates ranging from $1.06 billion to $1.11 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow LaSalle Hotel Properties.
LaSalle Hotel Properties (NYSE:LHO) last posted its quarterly earnings data on Thursday, October 19th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.73 by ($0.46). LaSalle Hotel Properties had a return on equity of 8.31% and a net margin of 18.10%. The company had revenue of $285.90 million for the quarter, compared to analysts’ expectations of $295.02 million. During the same period in the previous year, the business posted $0.84 EPS. The business’s revenue for the quarter was down 12.5% on a year-over-year basis.
Shares of LaSalle Hotel Properties (NYSE:LHO) traded up $0.27 during mid-day trading on Friday, reaching $28.56. 1,060,619 shares of the company’s stock traded hands, compared to its average volume of 1,278,717. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.22 and a quick ratio of 3.22. LaSalle Hotel Properties has a 52 week low of $27.44 and a 52 week high of $31.87. The stock has a market cap of $3,230.00, a PE ratio of 11.07, a PEG ratio of 2.30 and a beta of 1.11.
In related news, COO Alfred L. Young sold 17,750 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $28.28, for a total transaction of $501,970.00. Following the sale, the chief operating officer now owns 88,808 shares of the company’s stock, valued at $2,511,490.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.38% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in LHO. Aperio Group LLC raised its position in LaSalle Hotel Properties by 7.9% during the second quarter. Aperio Group LLC now owns 40,604 shares of the real estate investment trust’s stock worth $1,210,000 after acquiring an additional 2,957 shares during the last quarter. Daiwa Securities Group Inc. raised its position in LaSalle Hotel Properties by 14.6% during the second quarter. Daiwa Securities Group Inc. now owns 10,200 shares of the real estate investment trust’s stock worth $304,000 after acquiring an additional 1,300 shares during the last quarter. World Asset Management Inc acquired a new position in shares of LaSalle Hotel Properties in the second quarter valued at approximately $214,000. Sei Investments Co. raised its position in shares of LaSalle Hotel Properties by 21.1% in the second quarter. Sei Investments Co. now owns 115,794 shares of the real estate investment trust’s stock valued at $3,451,000 after buying an additional 20,151 shares during the last quarter. Finally, IFP Advisors Inc raised its position in shares of LaSalle Hotel Properties by 14.9% in the second quarter. IFP Advisors Inc now owns 4,577 shares of the real estate investment trust’s stock valued at $136,000 after buying an additional 592 shares during the last quarter.
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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