$0.82 EPS Expected for LaSalle Hotel Properties (LHO)

July 18, 2017 - By Henry Gaston

 $0.82 EPS Expected for LaSalle Hotel Properties (LHO)
Investors sentiment is 1.01 in 2016 Q4. Its the same as in 2016Q3. It is without change, as 25 investors sold LaSalle Hotel Properties shares while 78 reduced holdings. only 34 funds opened positions while 70 raised stakes. 118.33 million shares or 4.40% less from 123.77 million shares in 2016Q3 were reported.
Moreover, National Bank & Trust Of New York Mellon has 0.02% invested in LaSalle Hotel Properties (NYSE:LHO). Price T Rowe Assoc Inc Md invested in 166,890 shares or 0% of the stock. Keybank Association Oh accumulated 29,772 shares. Teachers & Annuity Association Of America holds 118,625 shares or 0.12% of its portfolio. 180,486 are owned by Metropolitan Life Insurance New York. Morgan Stanley invested 0.06% of its portfolio in LaSalle Hotel Properties (NYSE:LHO). Glenmede Tru Na stated it has 117 shares or 0% of all its holdings. Geode Mgmt Limited Liability Corp stated it has 0.01% in LaSalle Hotel Properties (NYSE:LHO). Moreover, Citadel Advisors Limited Co has 0.01% invested in LaSalle Hotel Properties (NYSE:LHO) for 290,571 shares. Deutsche Natl Bank Ag accumulated 0.08% or 3.41 million shares. Bnp Paribas Arbitrage Sa reported 0.01% in LaSalle Hotel Properties (NYSE:LHO). Proshare Advsrs Ltd stated it has 58,114 shares. Northern Tru invested in 3.93 million shares or 0.04% of the stock. Renaissance Technology Lc owns 97,700 shares. Ls Investment Advsrs Ltd Liability Company stated it has 0.02% in LaSalle Hotel Properties (NYSE:LHO).

Wall Street await LaSalle Hotel Properties (NYSE:LHO) to release earnings on July, 19. Analysts forecast EPS of $0.82, down exactly $0.13 or 13.68 % from 2014’s $0.95 EPS. The expected LHO’s profit could reach $94.66M giving the stock 9.40 P/E in the case that $0.82 earnings per share is reported. After posting $0.45 EPS for the previous quarter, LaSalle Hotel Properties’s analysts now forecast 82.22 % EPS growth. The stock increased 1.95% or $0.59 on July 17, reaching $30.84. About shares traded. LaSalle Hotel Properties (NYSE:LHO) has risen 29.62% since July 18, 2016 and is uptrending. It has outperformed by 12.92% the S&P500.

LaSalle Hotel Properties (NYSE:LHO) Ratings Coverage

Among 19 analysts covering LaSalle Hotel Properties (NYSE:LHO), 3 have Buy rating, 2 Sell and 14 Hold. Therefore 16% are positive. LaSalle Hotel Properties had 56 analyst reports since July 21, 2015 according to SRatingsIntel. Evercore upgraded LaSalle Hotel Properties (NYSE:LHO) on Monday, October 5 to “Buy” rating. The stock has “Outperform” rating by Credit Suisse on Friday, December 11. Morgan Stanley downgraded it to “Equalweight” rating and $30 target in Monday, October 26 report. Stifel Nicolaus downgraded the stock to “Hold” rating in Thursday, December 17 report. The stock of LaSalle Hotel Properties (NYSE:LHO) earned “Outperform” rating by Boenning & Scattergood on Wednesday, April 19. Evercore downgraded the stock to “Hold” rating in Monday, October 26 report. On Wednesday, December 2 the stock rating was initiated by Janney Capital with “Neutral”. Credit Suisse maintained LaSalle Hotel Properties (NYSE:LHO) rating on Wednesday, March 23. Credit Suisse has “Outperform” rating and $26 target. Barclays Capital maintained LaSalle Hotel Properties (NYSE:LHO) on Saturday, August 15 with “Equal Weight” rating. The firm has “Equal Weight” rating given on Tuesday, July 21 by Barclays Capital.

LaSalle Hotel Properties is a self-administered and self-managed real estate investment trust. The company has market cap of $3.56 billion. The Firm primarily buys, owns, redevelops and leases upscale and luxury full-service hotels located in convention, resort and urban business markets. It has a 17.5 P/E ratio. 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 .

More important recent LaSalle Hotel Properties (NYSE:LHO) news were published by: Seekingalpha.com which released: “LaSalle Hotel Properties’ (LHO) CEO Mike Barnello on Q1 2017 Results …” on April 21, 2017, also Forbes.com published article titled: “LaSalle Hotel Properties is Oversold”, Nasdaq.com published: “Reminder: LaSalle Hotel Properties’s 6.3% Series J Cumulative Redeemable …” on June 26, 2017. More interesting news about LaSalle Hotel Properties (NYSE:LHO) was released by: Seekingalpha.com and their article: “LaSalle Hotel Properties’ (LHO) CEO Mike Barnello on Q4 2016 Results …” with publication date: February 24, 2017.

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