LHO - LaSalle Hotel Properties

NYSE - NYSE Delayed Price. Currency in USD
34.39
+0.08 (+0.23%)
At close: 4:02PM EDT
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Previous Close34.31
Open34.40
Bid11.65 x 4000
Ask0.00 x 900
Day's Range34.37 - 34.56
52 Week Range24.10 - 36.13
Volume1,055,574
Avg. Volume1,259,109
Market Cap3.803B
Beta1.36
PE Ratio (TTM)61.19
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.90 (2.61%)
Ex-Dividend Date2018-06-28
1y Target EstN/A
Trade prices are not sourced from all markets
  • GuruFocus.com5 days ago

    5 Real Estate Stocks Gurus Are Buying

    According to the GuruFocus All-In-One Screener, the following real estate stocks are popular among gurus. Warning! GuruFocus has detected 7 Warning Signs with HPT. The stock is trading with a price-earnings ratio of 45.20.

  • American City Business Journals7 days ago

    LaSalle CEO to net up to $38 million in Pebblebrook acquisition

    LaSalle Hotel Properties (NYSE: LHO) CEO Michael Barnello stands to gain between $36.6 million and $38.1 million as a result of his company’s acquisition by fellow lodging REIT Pebblebrook Hotel Trust (NYSE: PEB).  Barnello and the other other LaSalle executives’ golden parachute compensation was finalized in an amendment to the companies' merger agreement, which was released Wednesday along with the preliminary proxy and registration statement for the long-awaited combination. The two Bethesda companies are hoping to close the deal in December. LaSalle CFO Ken Fuller will receive between $7 million and $7.3 million, and COO Alfred Young will receive between $15.1 million and $15.8 million in total severance compensation as part of the completed acquisition. The fluctuation between amounts of the severance awards has to do with the mix of consideration in the deal between Pebblebrook and LaSalle.

  • Pebblebrook, LaSalle to unload up to $1B in hotels — and D.C. holdings could be on the block
    American City Business Journals12 days ago

    Pebblebrook, LaSalle to unload up to $1B in hotels — and D.C. holdings could be on the block

    The two Bethesda lodging REITs want to move the deal along after taking months to get to this point.

  • Top Ranked Momentum Stocks to Buy for September 10th
    Zacks16 days ago

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  • The Wall Street Journal20 days ago

    [$$] LaSalle Hotel Properties Agrees to Merge With Pebblebrook Hotel Trust

    LaSalle has also canceled a shareholder vote regarding the Blackstone-LaSalle agreement that was previously scheduled for Thursday. On Wednesday, LaSalle’s board determined that Pebblebrook’s latest offer is a ”superior” proposal to Blackstone’s offer. A maximum of 30% of outstanding LaSalle shares may be exchanged for cash.

  • American City Business Journals20 days ago

    Pebblebrook, LaSalle agree to merge as Blackstone bows out

    LaSalle Hotel Properties (NYSE: LHO) and Pebblebrook Hotel Trust (NYSE: PEB) have agreed to a $5.2 billion merger after former LaSalle suitor Blackstone Group bowed out of a potential bidding war Thursday.  It was quick, considering how long it took to get here. LaSalle deemed Pebblebrook’s most recent offer superior Wednesday, kicking off a four-day period in which Blackstone could put in a higher bid. The private equity giant declined to rebid, taking its $112 million breakup fee and paving the way for a Pebblebrook-LaSalle merger.  The final offer that won LaSalle was 0.92 shares of Pebblebrook stock per share of LaSalle stock, with up to 30 percent of the shares eligible for cash at $37.80 per share. It came after several offers Pebblebrook made since March.

  • Reuters20 days ago

    Pebblebrook to buy LaSalle Hotel in $5.2 bln deal

    U.S. hotel owner Pebblebrook Hotel Trust said it agreed to buy LaSalle Hotel Properties in a $5.2 billion cash-and-stock deal, a day after ditching a $4.8 billion all-cash offer from private equity firm ...

  • Pebblebrook Wins in $5.2 Billion War With Blackstone for LaSalle
    Bloomberg20 days ago

    Pebblebrook Wins in $5.2 Billion War With Blackstone for LaSalle

    Jon Bortz founded LaSalle Hotel Properties in 1998 and led the lodging company until 2009, when he left to start a new firm, Pebblebrook Hotel Trust. Pebblebrook agreed Thursday to acquire LaSalle for about $5.2 billion, including debt, topping a competing offer from Blackstone Group LP that LaSalle had accepted in May. The combined company will own 66 high-end hotels and resorts in or near 16 U.S. urban markets, making it the largest owner of independent lodging properties at a time when a strong economy is encouraging businesses and consumers to increase spending on travel. “We are very pleased to have reached an agreement to bring Pebblebrook and LaSalle together in a strategic combination that represents a terrific value-maximizing opportunity” for shareholders of both companies, Bortz, Pebblebrook’s chief executive officer, said in a statement.

  • The Wall Street Journal20 days ago

    [$$] Blackstone Doesn't Plan to Raise Bid for Hotel Owner

    Blackstone Group has no plans to increase its takeover offer for LaSalle Hotel Properties, even after the hotel owner’s board said a rival bid for the company was “superior.”

  • Reuters21 days ago

    LaSalle board sides with Pebblebrook offer

    The board of U.S. hotel owner LaSalle Hotel Properties on Wednesday sided with Pebblebrook Hotel Trust's takeover proposal, ditching a $4.8 billion all-cash offer from private equity firm Blackstone Group ...

  • LaSalle picks Pebblebrook’s offer over Blackstone deal
    American City Business Journals21 days ago

    LaSalle picks Pebblebrook’s offer over Blackstone deal

    Pebblebrook Hotel Trust finally made LaSalle Hotel Properties an offer that it couldn’t refuse.  LaSalle said late Wednesday that Pebblebrook’s latest buyout offer was a “superior proposal” to the agreement it executed with private equity firm Blackstone Group back in May. Shareholders had been scheduled to vote on that deal Thursday.

  • Reuters21 days ago

    LaSalle says to go with Pebblebrook offer

    The board of LaSalle Hotel Properties said on Wednesday the unsolicited offer from Pebblebrook Hotel Trust constituted a "superior proposal" to that from Blackstone Group LP. The company also said it had sent a notice to Blackstone Group LP to terminate its previous merger agreement. Pebblebrook has offered 0.92 of its common shares per LaSalle share, with the option to receive $37.80 per share in cash up to a maximum of 30 percent in aggregate of the consideration.

  • The Wall Street Journal28 days ago

    [$$] Blackstone Bid to Acquire Hotel Owner Reaching Tipping Point

    A monthslong takeover battle that has captivated the hospitality industry could come to a head early next month when shareholders of LaSalle Hotel Properties decide whether to accept an all-cash offer from Blackstone Group LP. Pebblebrook Hotel Trust, a Bethesda, Md.-based real-estate investment trust with 28 properties, is also trying to acquire LaSalle. Since March, Pebblebrook has made six separate bids for its rival lodging REIT.

  • LaSalle will entertain Pebblebrook's latest acquisition offer
    American City Business Journalslast month

    LaSalle will entertain Pebblebrook's latest acquisition offer

    LaSalle is still proceeding with its agreement to be purchased by an affiliate of The Blackstone Group, with a shareholder vote scheduled for next week.

  • Reuterslast month

    LaSalle says Pebblebrook's offer may lead to higher bid than Blackstone

    U.S. hotel owner LaSalle Hotel Properties said on Monday Pebblebrook Hotel Trust's unsolicited bid may lead to a "superior proposal," intensifying a takeover battle with Blackstone Group LP. Last week, Pebblebrook raised the cash component of its $37.80-per-share offer to a maximum of 30 percent of LaSalle's outstanding shares from 20 percent. Private equity firm Blackstone had made an all-cash offer of $33.50 per share to LaSalle in May.

  • LaSalle Hotel Is Reconsidering Its Planned Takeover by Blackstone
    Bloomberglast month

    LaSalle Hotel Is Reconsidering Its Planned Takeover by Blackstone

    Blackstone Group LP doesn’t plan to raise its offer for LaSalle Hotel Properties, according to a person with knowledge of the matter, paving the way for the luxury-hotel company to complete a deal with competing suitor Pebblebrook Hotel Trust. The latest version of Pebblebrook’s bid, from last week, may lead to a superior proposal to an agreement reached with Blackstone, a determination made unanimously by LaSalle’s board, the company said in a statement Monday. LaSalle is now able to “engage in discussions with Pebblebrook in accordance with the terms of the Blackstone merger agreement,” the Bethesda, Maryland-based company said in the statement.

  • Two financial advisers recommend ‘no’ votes on LaSalle-Blackstone deal
    American City Business Journalslast month

    Two financial advisers recommend ‘no’ votes on LaSalle-Blackstone deal

    The two proxy advisory firms specialize in providing recommendations on proxy proposals to institutional investors.

  • Reuterslast month

    ISS recommends against LaSalle deal with Blackstone

    ISS's recommendation to LaSalle shareholders follows that of another shareholder advisory firm, Glass Lewis & Co, on Thursday. Blackstone's $3.7 billion all-cash offer is facing uncertainty as Pebblebrook on Tuesday stepped up its overtures with a higher offer to LaSalle’s board of trustees two weeks ahead of the final shareholder vote. ISS said Blackstone's all-cash bid was less than the current value of Pebblebrook's competing bid, and less than the current value of LaSalle shares.

  • Reuterslast month

    ISS recommends against LaSalle deal with Blackstone

    ISS's recommendation to LaSalle shareholders follows that of another shareholder advisory firm, Glass Lewis & Co, on Thursday. Blackstone's $3.7 billion all-cash offer is facing uncertainty as Pebblebrook on Tuesday stepped up its overtures with a higher offer to LaSalle’s board of trustees two weeks ahead of the final shareholder vote.

  • Reuterslast month

    Glass Lewis recommends against Blackstone in LaSalle deal

    Blackstone's $3.7 billion all-cash offer is facing a wave of fresh uncertainty as Pebblebrook on Tuesday stepped up its overtures with a higher offer to LaSalle’s board of trustees two weeks ahead of the final shareholder vote. "Under the circumstances, we believe cause exists for investors to question the value offered in LaSalle-Blackstone proposal, and the August 21, 2018 revised offer only bolsters our view as it widens the spread over the board recommended cash offer," the Glass Lewis report said.

  • Vocal LaSalle investor vows to vote against Blackstone deal
    American City Business Journalslast month

    Vocal LaSalle investor vows to vote against Blackstone deal

    The activist investor is upping its rhetoric as the vote on the LaSalle-Blackstone merger deal nears.

  • Pebblebrook makes yet another offer for LaSalle
    American City Business Journalslast month

    Pebblebrook makes yet another offer for LaSalle

    Pebblebrook Hotel Trust ((NYSE: PEB) is again upping its bid for fellow Bethesda hospitality real estate investment trust LaSalle Hotel Properties (NYSE: LHO). The new proposal, a mix of cash and stock laid out in a letter dated Tuesday, increases the number of LaSalle shares that may receive a $37.80 payout by 50 percent — a 30 percent cash cap — compared to Pebblebrook’s previous offer of a 20 percent cap. Pebblebrook says the new offer presents an approximately $420 million increase in the deal’s cash considerations.

  • Thomson Reuters StreetEventslast month

    Edited Transcript of LHO earnings conference call or presentation 10-May-18 12:00pm GMT

    Q1 2018 LaSalle Hotel Properties Earnings Call

  • The Wall Street Journal2 months ago

    [$$] LaSalle Hotel's Profit Falls Ahead of Vote on Blackstone Takeover

    reported its second-quarter profit and revenue fell despite the real-estate investment trust benefiting from strong lodging demand as it awaits a shareholder vote on selling itself to private-equity firm Blackstone Group LP. Adjusted funds from operations was $88.3 million, or 80 cents a share, compared with $91.5 million, or 81 cents a share, in the prior year’s quarter. didn’t constitute a “superior proposal” to LaSalle’s agreement with affiliates of Blackstone.

  • LaSalle Hotel Properties (LHO) Surpasses Q2 FFO and Revenue Estimates
    Zacks2 months ago

    LaSalle Hotel Properties (LHO) Surpasses Q2 FFO and Revenue Estimates

    LaSalle Hotel Properties (LHO) delivered FFO and revenue surprises of 3.90% and 0.80%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?