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Last $36.46 USD
Change Today -0.14 / -0.38%
Volume 1.6M
LHO On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 05/29/15 All times are local (Market data is delayed by at least 15 minutes).

lasalle hotel properties (LHO) Snapshot

Open
$36.54
Previous Close
$36.60
Day High
$36.71
Day Low
$36.36
52 Week High
01/23/15 - $43.56
52 Week Low
06/2/14 - $32.69
Market Cap
4.1B
Average Volume 10 Days
875.6K
EPS TTM
$1.97
Shares Outstanding
113.0M
EX-Date
06/26/15
P/E TM
18.5x
Dividend
$1.80
Dividend Yield
4.11%
Current Stock Chart for LASALLE HOTEL PROPERTIES (LHO)

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lasalle hotel properties (LHO) Details

LaSalle Hotel Properties, a real estate investment trust (REIT), engages in the purchase, ownership, redevelopment, and leasing of primarily upscale and luxury full-service hotels in convention, resort, and urban business markets in the United States. It owns 34 hotels, totaling approximately 9,200 guest rooms in 15 markets in 11 states and the District of Columbia. The company qualifies as a REIT under the Internal Revenue Code of 1986. As a REIT, it would not be subject to federal corporate income tax to the extent that it distributes at least 90% of its taxable income to its shareholders. The company was founded in 1998 and is based in Bethesda, Maryland.

35 Employees
Last Reported Date: 02/18/15
Founded in 1998

lasalle hotel properties (LHO) Top Compensated Officers

Chief Executive Officer, President and Truste...
Total Annual Compensation: $815.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $425.0K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $491.0K
Compensation as of Fiscal Year 2014.

lasalle hotel properties (LHO) Key Developments

LaSalle Hotel Seeks Acquisitions

Bruce Riggins, Chief Financial Officer of LaSalle Hotel Properties (NYSE:LHO) said in the first quarter earnings call 2015, "As of the end of the first quarter, we had $430 million of capacity on our credit facility and 42 of our 47 hotels were unencumbered. As such, we have substantial liquidity with which to execute our business plan and continue to be opportunistic from an acquisition perspective."

LaSalle Hotel Properties Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter of 2015; Revises Earnings Guidance for the Year of 2015

LaSalle Hotel Properties announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenues of $250,803,000 against $218,864,000 a year ago. Operating income was $11,509,000 against $3,423,000 a year ago. Loss before income tax benefit was $2,130,000 against $11,263,000 a year ago. Net income attributable to the company was $2,723,000 against net loss attributable to the company of $4,865,000 a year ago. Net loss attributable to common shareholders was $319,000 against $8,972,000 a year ago. Net loss attributable to common shareholders was $0.3 against $9.0 a year ago. Net loss attributable to common shareholders excluding amounts attributable to unvested restricted shares was $0.00 against $0.09 a year ago. FFO was $42,523,000 against $28,767,000 a year ago. Adjusted FFO was $45,310,000 against $33,194,000 a year ago. FFO per diluted share/unit was $0.38 against $0.28 a year ago. Adjusted FFO per diluted share/unit was $0.40 against $0.32 a year ago. EBITDA was $54,393,000 against $42,972,000 a year ago. Adjusted EBITDA was $57,180,000 against $44,912,000 a year ago. The company expects second quarter RevPAR to increase 4.5% to 5.5%. The company expects its portfolio to generate adjusted EBITDA of $122.0 million to $125.0 million and adjusted FFO per share/unit of $0.86 to $0.89. For the year 2015, the company now expects RevPAR growth of 4.5% to 6.5% against previous guidance of 4.5% against 6.5%. Adjusted EBITDA expected to be in the range of $391.0 million to $405.0 million against previous guidance of $377.0 million to $395.0 million. Adjusted FFO expected to be in the range of $316.0 million to $330.0 million against previous guidance of $304.0 million to $322.5 million. Adjusted FFO per diluted per share expected to be in the range of $2.78 to $2.90 against previous guidance of $2.67 to $2.84.

LaSalle Hotel Properties Declares Increased Dividend for the Quarter Ending June 30, 2015, Payable on July 15, 2015

LaSalle Hotel Properties announced that it increased its dividend to $0.45 per common share of beneficial interest for the quarter ending June 30, 2015. The second quarter dividend will be paid on July 15, 2015 to common shareholders of record on June 30, 2015.

 

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Industry Analysis

LHO

Industry Average

Valuation LHO Industry Range
Price/Earnings 18.9x
Price/Sales 3.6x
Price/Book 1.7x
Price/Cash Flow 10.8x
TEV/Sales 2.3x
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