Analysts See $0.73 EPS for LaSalle Hotel Properties (LHO)

September 17, 2017 - By Migdalia James

 Analysts See $0.73 EPS 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.
Sumitomo Mitsui Asset Mngmt invested 0.18% of its portfolio in LaSalle Hotel Properties (NYSE:LHO). 9.18 million were accumulated by Wellington Mngmt Grp Inc Llp. Citigroup has 0% invested in LaSalle Hotel Properties (NYSE:LHO). Btim owns 899,455 shares for 0.44% of their portfolio. Meeder Asset Management Inc reported 2,524 shares. Moreover, Bancorp Of New York Mellon has 0.02% invested in LaSalle Hotel Properties (NYSE:LHO). Manufacturers Life Ins The holds 0.01% or 222,652 shares in its portfolio. Texas Permanent School Fund has invested 0.03% in LaSalle Hotel Properties (NYSE:LHO). Blackrock has invested 0.01% of its portfolio in LaSalle Hotel Properties (NYSE:LHO). Fisher Asset Mgmt Ltd Co invested in 0% or 10,850 shares. Invesco Ltd invested in 3.74 million shares or 0.04% of the stock. Blackrock Fund Advsr owns 7.21M shares. Advantus Cap Mngmt owns 148,055 shares or 0.12% of their US portfolio. Credit Suisse Ag stated it has 0.01% of its portfolio in LaSalle Hotel Properties (NYSE:LHO). 63,264 were reported by Federated Investors Pa.

Wall Street await LaSalle Hotel Properties (NYSE:LHO) to release earnings on October, 18. Analysts forecast earnings per share of $0.73, down exactly $0.12 or 14.12 % from 2014’s $0.85 EPS. The expected LHO’s profit could reach $82.73 million giving the stock 9.94 P/E in the case that $0.73 earnings per share is reported. After posting $0.81 EPS for the previous quarter, LaSalle Hotel Properties’s analysts now forecast -9.88 % negative EPS growth. The stock increased 0.62% or $0.18 on September 15, reaching $29.03. About 944,138 shares traded or 7.89% up from the average. LaSalle Hotel Properties (NYSE:LHO) has risen 29.62% since September 17, 2016 and is uptrending. It has outperformed by 12.92% the S&P500.

LaSalle Hotel Properties (NYSE:LHO) Ratings Coverage

Among 22 analysts covering LaSalle Hotel Properties (NYSE:LHO), 3 have Buy rating, 3 Sell and 16 Hold. Therefore 14% are positive. LaSalle Hotel Properties had 62 analyst reports since July 21, 2015 according to SRatingsIntel. Instinet initiated the shares of LHO in report on Wednesday, December 14 with “Neutral” rating. Goldman Sachs downgraded the stock to “Sell” rating in Wednesday, August 2 report. The firm has “Hold” rating given on Monday, October 26 by Canaccord Genuity. The firm earned “Neutral” rating on Monday, April 10 by Goldman Sachs. Evercore downgraded LaSalle Hotel Properties (NYSE:LHO) rating on Monday, October 26. Evercore has “Hold” rating and $30 target. Credit Suisse downgraded the shares of LHO in report on Friday, October 23 to “Neutral” rating. The stock has “Buy” rating by Zacks on Friday, September 4. The firm has “Neutral” rating by Citigroup given on Wednesday, October 5. As per Thursday, July 23, the company rating was downgraded by Evercore. The company was upgraded on Thursday, August 20 by Zacks.

LaSalle Hotel Properties is a self-administered and self-managed real estate investment trust. The company has market cap of $3.29 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 16.46 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 notable recent LaSalle Hotel Properties (NYSE:LHO) news were published by: which released: “LaSalle Hotel Properties’ (LHO) CEO Mike Barnello on Q4 2016 Results …” on February 24, 2017, also with their article: “LaSalle Hotel Properties Declares Dividend for the Third Quarter 2017” published on September 15, 2017, published: “LaSalle: Time To Buy This Well-Managed REIT?” on March 21, 2017. More interesting news about LaSalle Hotel Properties (NYSE:LHO) were released by: and their article: “Technical Insights on REIT Stocks — Host Hotels & Resorts, LaSalle Hotel …” published on July 28, 2017 as well as‘s news article titled: “Technical Reports on REIT Equities – Host Hotels & Resorts, LaSalle Hotel …” with publication date: August 31, 2017.

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