LHO - LaSalle Hotel Properties

NYSE - NYSE Delayed Price. Currency in USD
34.80
+0.06 (+0.17%)
At close: 4:03PM EDT

34.80 0.00 (0.00%)
After hours: 5:01PM EDT

Stock chart is not supported by your current browser
Previous Close34.74
Open34.80
Bid33.16 x 1200
Ask0.00 x 800
Day's Range34.76 - 34.95
52 Week Range24.10 - 36.13
Volume311,621
Avg. Volume2,176,426
Market Cap3.846B
Beta1.30
PE Ratio (TTM)45.08
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.90 (2.57%)
Ex-Dividend Date2018-06-28
1y Target EstN/A
Trade prices are not sourced from all markets
  • The Pebblebrook-LaSalle dispute has grown even nastier
    American City Business Journals7 days ago

    The Pebblebrook-LaSalle dispute has grown even nastier

    Pebblebrook is actively campaigning for LaSalle shareholders to vote against a deal to be acquired by Blackstone Group.

  • American City Business Journals8 days ago

    Pebblebrook formally urges LaSalle shareholders to vote against Blackstone merger

    Pebblebrook Hotel Trust is formally urging shareholders in LaSalle Hotel Properties to vote against the company’s proposed merger with an affiliate of the Blackstone Group LP (NYSE: BX) for $33.50 per share. Pebblebrook (NYSE: PEB) made what it calls a superior offer for its neighboring Bethesda hospitality REIT last month. In a release sent out Tuesday morning, Pebblebrook said it is filing a proxy with the Securities and Exchange Commission urging LaSalle shareholders to nix the merger with BRE Landmark LP.

  • Only 2 Days Left To LaSalle Hotel Properties (NYSE:LHO)’s Ex-Dividend Date, Is It Worth Buying?
    Simply Wall St.22 days ago

    Only 2 Days Left To LaSalle Hotel Properties (NYSE:LHO)’s Ex-Dividend Date, Is It Worth Buying?

    If you are interested in cashing in on LaSalle Hotel Properties’s (NYSE:LHO) upcoming dividend of US$0.23 per share, you only have 2 days left to buy the shares before itsRead More...

  • Report: LaSalle flags SEC over Pebblebrook’s recent share purchases
    American City Business Journals22 days ago

    Report: LaSalle flags SEC over Pebblebrook’s recent share purchases

    The Bethesda REITs have been going back and forth over a potential merger deal for the past two months.

  • LaSalle Alerts SEC to Stock Purchases by Suitor Pebblebrook
    Bloomberg23 days ago

    LaSalle Alerts SEC to Stock Purchases by Suitor Pebblebrook

    LaSalle Hotel Properties, the luxury hotel owner that agreed to be acquired by Blackstone Group LP in a $4.8 billion deal, told regulators it’s concerned that a rival bidder inappropriately acquired its shares. The losing suitor, Pebblebrook Hotel Trust, “was provided with material nonpublic information” during the sale process “and we believe that Pebblebrook was in possession of such information during the time it was purchasing the company’s shares,” LaSalle said in correspondence with the U.S. Securities and Exchange Commission last week. Pebblebrook, which had a 4.8 percent stake in LaSalle on March 6, acquired 4.75 million additional shares from June 6 to June 15 and bought almost 840,000 more last week, lifting its holding to about 9.8 percent, according to a regulatory filing Friday.

  • 6 Winning Stock Strategies as Tariff Talks Take Ugly Turn
    Zacks28 days ago

    6 Winning Stock Strategies as Tariff Talks Take Ugly Turn

    Wall Street is likely to walk a tightrope with a trade war knocking at the door. Amid such scenario, we have highlighted some investing ideas that could prove extremely beneficial for investors.

  • Pebblebrook plays a public game in quest to buy LaSalle. Analysts say it could work.
    American City Business Journals29 days ago

    Pebblebrook plays a public game in quest to buy LaSalle. Analysts say it could work.

    LaSalle said it's sticking with a sale to Blackstone, but analysts aren't sure whether it has the shareholder votes for that deal.

  • The Wall Street Journal29 days ago

    [$$] LaSalle Commits to Blackstone Deal Over Pebblebrook Proposal

    on Monday reiterated its commitment to a deal with Blackstone Group LP, saying the private-equity firm’s roughly $3.7 billion purchase offer it accepted last month is in the best interest of shareholders. on June 11 wasn’t a “superior proposal.” The board said that Pebblebrook’s proposal, which includes an 80% stock consideration, “doesn’t address significant price risks and uncertainties for LaSalle shareholders.” LaSalle owns 41 hotels offering a total of 10,400 guest rooms. Under the deal LaSalle and Blackstone reached last month, Blackstone would acquire LaSalle’s outstanding shares for $33.50 each.

  • Reuters29 days ago

    LaSalle Hotel backs Blackstone bid, says Pebblebrook offer not superior

    U.S. hotel owner LaSalle Hotel Properties on Monday sided with Blackstone Group LP's $3.7 billion all-cash offer to buy the company, as it looks to thwart Pebblebrook Hotel Trust's takeover bid. LaSalle said Pebblebrook's raised cash-and-stock proposal of $37.80 per share last week was not superior as 80 percent of the offer comprised stock, which the company considers a risk for its shareholders. Pebblebrook stood pat, saying its offer remained outstanding and unveiled on Monday a 9 percent stake in LaSalle, almost double its previously disclosed holding.

  • LaSalle Hotel Trust affirms Blackstone deal, rejects Pebblebrook again
    American City Business Journalslast month

    LaSalle Hotel Trust affirms Blackstone deal, rejects Pebblebrook again

    Bethesda-based LaSalle Hotel Properties (NYSE: LHO) expects its sale to Blackstone to close as soon as August after rejecting a competing offer from Pebblebrook Hotel Trust. The LaSalle board, which received Bethesda-based Pebblebrook’s latest bid on June 11, took about six days to review it and return its attention to Blackstone, which will acquire the company for $33.50 per share in an all-cash transaction valued at about $4.8 billion. “The LaSalle Board remains committed to completing its existing transaction with Blackstone, which is subject to customary closing conditions, including the approval of LaSalle’s shareholders,” LaSalle said in a release issued Monday morning.

  • LaSalle Picks Blackstone's $4.8 Billion Bid Over Pebblebrook
    Bloomberglast month

    LaSalle Picks Blackstone's $4.8 Billion Bid Over Pebblebrook

    LaSalle Hotel Properties picked Blackstone Group LP as its preferred suitor, thwarting months of efforts by Pebblebrook Hotel Trust to buy the luxury-hotel owner, most recently for more than $4 billion. The Blackstone transaction values the company at $4.8 billion, LaSalle said Monday in a statement. LaSalle’s board deemed a June 11 offer from Pebblebrook “substantially similar” to one it rejected before accepting Blackstone’s bid of $33.50 a share.

  • The Wall Street Journallast month

    Corrections & Amplifications

    Pebblebrook Hotel Trust on Monday sweetened its bid for LaSalle Hotel Properties for a fourth time since its first offer in March. A Property Report article Wednesday about real-estate investment trusts incorrectly said it was the third time. Iceland’s soccer team will have to travel about 2,580 miles during the group stage of this year’s World Cup in Russia.

  • The Wall Street Journallast month

    [$$] Activist HG Vora Calls Pebblebrook's Revised Offer for LaSalle Hotel 'Superior'

    , which owns 6,973 guest rooms across 28 hotels, on Monday raised its offer to buy LaSalle to about $4.17 billion as it works to thwart an agreement the hotelier reached last month with private-equity firm Blackstone Group LP. On Tuesday, HG Vora Managing Member Parag Vora wrote in a letter to LaSalle’s board that Pebblebrook’s offer is a “superior proposal” compared with the agreement between LaSalle and Blackstone. LaSalle, which owns 41 hotels offering a total of 10,400 guest rooms, declined to comment on HG Vora’s letter Tuesday.

  • Pebblebrook Raises Bid for LaSalle Buyout, Keeps Battle Alive
    Zackslast month

    Pebblebrook Raises Bid for LaSalle Buyout, Keeps Battle Alive

    Pebblebrook Hotel Trust's (PEB) latest bid for LaSalle Hotel Properties takes into account the $112-million termination fee that LaSalle needs to pay to Blackstone in case of calling off the deal.

  • Reuterslast month

    LaSalle Hotel's 3rd-largest shareholder backs Pebblebrook's offer

    LaSalle Hotel Properties' third-biggest shareholder, HG Vora Capital Management, said on Tuesday that Pebblebrook Hotel Trust's revised offer for the U.S. hotel owner was superior to Blackstone's $3.7 billion bid. The hedge fund, which owns a 9.1 percent stake in the LaSalle, asked the company to consider Pebblebrook's offer and said it was available to discuss its views in more detail. Pebblebrook on Monday said its latest offer for LaSalle represented an implied price of $37.80 per share, and carried a 13 percent premium to Blackstone's $33.50 offer.

  • The Wall Street Journallast month

    [$$] Pebblebrook Offers $4.17 Billion in Fifth Bid to Buy LaSalle Hotel Properties

    , its fifth pitch to buy the hotelier as it works to best a deal the company reached with private-equity firm Blackstone Group LP. , which owns 6,973 guest rooms across 28 hotels, on Monday revised its all-stock bid for LaSalle, implying a merger price of $37.80 a share based on an exchange ratio of 0.92 Pebblebrook share for each LaSalle share. Pebblebrook said its offer, which excludes debt, provides a 13% premium to the per-share price that LaSalle agreed last month to receive from Blackstone.

  • Reuterslast month

    Pebblebrook sweetens offer for LaSalle Hotel

    Pebblebrook said its latest offer for LaSalle represented an implied price of $37.80 per share, and carried a 13 percent premium to Blackstone's $33.50 offer. Shares of LaSalle, which owns interests in hotels including Park Central San Francisco and Westin Michigan Avenue, were up 1.4 percent at $35.67.

  • Reuterslast month

    Pebblebrook sweetens offer for LaSalle Hotel

    Pebblebrook said its latest offer for LaSalle represented an implied price of $37.80 per share, and carried a 13 percent premium to Blackstone's $33.50 offer. Shares of LaSalle, which owns interests in hotels including Park Central San Francisco and Westin Michigan Avenue, were up 1.4 percent at $35.67.

  • MarketWatchlast month

    LaSalle Hotel Properties receives higher buyout bid from Pebblebrook, trumping Blackstone's bid

    Shares of LaSalle Hotel Properties rose 0.3% in morning trade Monday, after the company confirmed that it received a buyout proposal from fellow real estate investment trust Pebblebrook Hotel Trust that at Friday's closing prices represents an 11% premium to Blackstone Group LP's $4.8 billion bid. Pebblebrook's stock slid 1.2%. LaSalle said the bid from Pebblebrook was for LaSalle shareholders to receive for 0.92 common shares of Pebblebrook for each LaSalle share they own, with the option for LaSalle shareholders to receive cash up to 20% of the total consideration.

  • Reuterslast month

    Pebblebrook sweetens offer for LaSalle Hotel

    Pebblebrook Hotel Trust on Monday raised its offer to buy fellow U.S. hotel owner LaSalle Hotel Properties, seeking to scuttle Blackstone Group LP's $3.7 billion deal with the company. Pebblebrook said its latest offer for LaSalle represented an implied price of $37.80 per share, and carried a 13 percent premium to Blackstone's $33.50 offer.

  • Reuterslast month

    Pebblebrook raises offer to buy LaSalle Hotel

    Pebblebrook Hotel Trust said on Monday it raised its offer to acquire fellow U.S. hotel owner LaSalle Hotel Properties to $37.80 per share, trumping a $33.50 per share offer from Blackstone Group LP. In ...

  • Pebblebrook Revises LaSalle Offer in Tussle With Blackstone
    Bloomberglast month

    Pebblebrook Revises LaSalle Offer in Tussle With Blackstone

    Pebblebrook Hotel Trust is stepping up its efforts to acquire larger rival LaSalle Hotel Properties. The company made a fresh offer in writing that reflects its share gains since its bid last month, according to a Pebblebrook statement Monday. Bloomberg News reported on Thursday that the earlier proposal was only made verbally.

  • InvestorPlacelast month

    4 REITs That Outperformed Broader Market in May and Still Look Solid

    A solid jobs report for the month of May has triggered chances of a rate hike this month by the Federal Reserve. This is because even though REITs have traditionally depended on debt for their business and were considered as bond substitutes for the high and consistent dividend-paying nature making their short-term returns susceptible to rate moves, this time around, these companies seem to be better poised to brave the rising rate environment. In fact, REITs delivered an encouraging performance in the month, as well as outperformed the broader market in the month.

  • Ventas (VTR) Ratings Affirmed by Moody's, Outlook Stable
    Zacks2 months ago

    Ventas (VTR) Ratings Affirmed by Moody's, Outlook Stable

    Ventas' (VTR) rating affirmations reinstalls its creditworthiness in the market and is likely to boost investors' confidence in the stock.