Last $36.05 USD
Change Today +0.04 / 0.11%
Volume 546.2K
LHO On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 08/19/14 All times are local (Market data is delayed by at least 15 minutes).

lasalle hotel properties (LHO) Snapshot

Open
$36.11
Previous Close
$36.01
Day High
$36.41
Day Low
$35.99
52 Week High
07/24/14 - $36.91
52 Week Low
08/20/13 - $25.96
Market Cap
3.8B
Average Volume 10 Days
595.2K
EPS TTM
$1.19
Shares Outstanding
104.1M
EX-Date
06/26/14
P/E TM
30.2x
Dividend
$1.50
Dividend Yield
3.37%
Current Stock Chart for LASALLE HOTEL PROPERTIES (LHO)

Related News

No related news articles were found.

lasalle hotel properties (LHO) Related Businessweek News

No Related Businessweek News Found

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.

36 Employees
Last Reported Date: 02/19/14
Founded in 1998

lasalle hotel properties (LHO) Top Compensated Officers

Chief Executive Officer, President and Truste...
Total Annual Compensation: $780.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $406.0K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $470.0K
Compensation as of Fiscal Year 2013.

lasalle hotel properties (LHO) Key Developments

LaSalle Hotel Mulls Acquisitions

LaSalle Hotel Properties (NYSE:LHO) is looking for acquisitions. Michael Barnello, President and Chief Executive Officer of LaSalle Hotel Properties said, "I can't give you any feeling as to whether we will do another acquisition this year or not. We are looking and we will be disciplined, and if we find one that makes sense, great. If not, that is also great."

LaSalle Hotel Properties Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter of 2014; Updates Earnings Guidance for the Year 2014

Lasalle Hotel Properties announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenues of $313,105,000 compared with $263,560,000 for the same period in the last year. Operating income was $66,849,000 compared to $57,308,000 a year ago. Income before income tax was $52,303,000 compared with $45,940,000 for the same period in the last year. Net income was $90,968,000 compared with $41,006,000 for the same period in the last year. Net income attributable to common shareholders was $85,610,000 compared with $35,190,000 for the same period in the last year. Diluted earnings per common share were $0.82 compared with $0.37 for the same period in the last year. Adjusted EBITDA was $109,600,000 compared with $93,098,000 for the same period in the last year. Second quarter adjusted EBITDA was negatively impacted by an estimated $0.5 million of EBITDA as a result of the sale of Hilton Alexandria Old Town prior to the end of the quarter. The company generated second quarter adjusted FFO of $86.0 million, or $0.82 per diluted share/unit, compared to $70.3 million or $0.73 per diluted share/unit for the comparable prior year period, an increase of 12.3%. Capital expenditures were $22.4 million, including the completion of Terrace Lounge at WestHouse and the lobby and bar renovation at The Grafton on Sunset in L.A. For the six months, the company reported total revenue was $531,969,000 compared with $455,264,000 for the same period in the last year. Operating income was $70,272,000 compared to $61,609,000 a year ago. Income before income tax was $41,040,000 compared with $38,593,000 for the same period in the last year. Net income was $86,097,000 compared with $38,676,000 for the same period in the last year. Net income attributable to common shareholders was $76,638,000 compared with $27,795,000 for the same period in the last year. Diluted earnings per common shares were $0.74 compared with $0.29 for the same period in the last year. Adjusted EBITDA was $154,512,000 compared with $132,915,000 for the same period in the last year. Adjusted FFO was $119,195,000 compared to $96,005,000 a year ago. Adjusted FFO per diluted share/unit was $1.14 compared to $1.00 a year ago. The company expects third quarter RevPAR to increase 5.0% to 8.5% and hotel EBITDA margins to range from approximately flat to an increase of 125 basis points relative to the same prior year period. The company expects its portfolio to generate adjusted EBITDA of $99.0 million to $105.0 million and adjusted FFO per share/unit of $0.73 to $0.79. The company updates earnings guidance for the year 2014. For the year, the company expects adjusted EBITDA of $330.0 million to $342.0 million as compared to $327.0 million to $348.0 million as previously guided. Adjusted FFO expects to be $254.0 million or $2.44 per share to $265.0 million or $2.54 per share as compared to $243.0 million or $2.33 per share to $265.0 million or $2.54 per share as previously guided.

LaSalle Hotel Properties(NYSE:LHO) added to S&P MidCap 400 Index

LaSalle Hotel Properties(NYSE:LHO) added to S&P MidCap 400 Index

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
LHO:US $36.05 USD +0.04

LHO Competitors

Market data is delayed at least 15 minutes.

Company Last Change
DiamondRock Hospitality Co $13.19 USD +0.11
Pebblebrook Hotel Trust $38.56 USD +0.32
Strategic Hotels & Resorts Inc $11.98 USD +0.02
Sunstone Hotel Investors Inc $14.71 USD +0.04
Vail Resorts Inc $77.72 USD +0.27
View Industry Companies
 

Industry Analysis

LHO

Industry Average

Valuation LHO Industry Range
No financial data is available for LHO.
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact LASALLE HOTEL PROPERTIES, please visit www.lasallehotels.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.