News articles about LaSalle Hotel Properties (NYSE:LHO) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. LaSalle Hotel Properties earned a coverage optimism score of 0.04 on Accern’s scale. Accern also assigned media headlines about the real estate investment trust an impact score of 45.827135062141 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
Several equities research analysts have issued reports on LHO shares. SunTrust Banks raised their price target on LaSalle Hotel Properties to $32.00 and gave the company a “hold” rating in a report on Friday, May 11th. They noted that the move was a valuation call. ValuEngine raised LaSalle Hotel Properties from a “hold” rating to a “buy” rating in a report on Wednesday, March 28th. Robert W. Baird set a $30.00 price target on LaSalle Hotel Properties and gave the company a “buy” rating in a report on Tuesday, April 3rd. Zacks Investment Research downgraded LaSalle Hotel Properties from a “buy” rating to a “hold” rating in a report on Tuesday, May 8th. Finally, JPMorgan Chase & Co. raised LaSalle Hotel Properties from an “underweight” rating to a “neutral” rating in a report on Thursday, May 10th. Five analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $27.68.
LaSalle Hotel Properties opened at $34.82 on Friday, MarketBeat Ratings reports. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.46. The firm has a market cap of $3.84 billion, a price-to-earnings ratio of 14.10 and a beta of 1.15. LaSalle Hotel Properties has a fifty-two week low of $24.10 and a fifty-two week high of $36.13.
LaSalle Hotel Properties (NYSE:LHO) last posted its quarterly earnings data on Thursday, May 10th. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.37). The firm had revenue of $223.00 million for the quarter, compared to the consensus estimate of $216.67 million. LaSalle Hotel Properties had a return on equity of 4.46% and a net margin of 9.55%. The firm’s quarterly revenue was down 12.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.67 EPS. equities analysts expect that LaSalle Hotel Properties will post 2.22 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 16th. Investors of record on Friday, June 29th will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend is Thursday, June 28th. LaSalle Hotel Properties’s payout ratio is currently 72.87%.
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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