LHO - LaSalle Hotel Properties

NYSE - NYSE Delayed Price. Currency in USD
34.54
+0.16 (+0.47%)
At close: 4:02PM EDT
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Previous Close34.38
Open34.37
Bid33.16 x 1100
Ask39.23 x 800
Day's Range34.23 - 34.55
52 Week Range24.10 - 36.13
Volume1,921,892
Avg. Volume1,961,200
Market Cap3.819B
Beta1.30
PE Ratio (TTM)44.74
EPS (TTM)0.77
Earnings DateOct 17, 2018 - Oct 22, 2018
Forward Dividend & Yield0.90 (2.62%)
Ex-Dividend Date2018-06-28
1y Target Est32.35
Trade prices are not sourced from all markets
  • Thomson Reuters StreetEvents3 days ago

    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 Journal10 days 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
    Zacks10 days 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?

  • Associated Press10 days ago

    LaSalle Hotel Properties: 2Q Earnings Snapshot

    The Bethesda, Maryland-based real estate investment trust said it had funds from operations of $88.3 million, or 80 cents per share, in the period. The average estimate of seven analysts surveyed by Zacks ...

  • Business Wire10 days ago

    LaSalle Hotel Properties Reports Second Quarter 2018 Results

    Special Meeting to Approve Merger with Blackstone Scheduled for September 6, 2018

  • REITs to Watch for Q2 Earnings on Aug 9: LHO, UNIT & More
    Zacks11 days ago

    REITs to Watch for Q2 Earnings on Aug 9: LHO, UNIT & More

    While rising interest rates remains a concern for REITs, healthy macro-economic condition might have partly muted its impact in the April-June quarter. Let's see what's in store for LHO, UNIT, JBGS, HPT and COLD.

  • Business Wire13 days ago

    LaSalle Hotel Properties Files Investor Presentation in Connection with Blackstone Transaction

    LaSalle Hotel Properties (LHO) (“LaSalle” or the “Company”) today announced that it has filed an investor presentation with the Securities and Exchange Commission (the “SEC”) in connection with the previously announced merger with affiliates of Blackstone Real Estate Partners VIII (“Blackstone”) and the other transactions contemplated by LaSalle’s merger agreement with Blackstone (the “Blackstone Merger Agreement”). The investor presentation is available on the Investor Relations section of the Company’s website at http://ir.lasallehotels.com/ as well as on www.sec.gov.

  • GlobeNewswire18 days ago

    New Research Coverage Highlights Brunswick, Liberty Global, LaSalle Hotel Properties, Denny's, Medpace, and eHealth — Consolidated Revenues, Company Growth, and Expectations for 2018

    NEW YORK, Aug. 01, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Brunswick ...

  • LaSalle sets shareholder vote on Blackstone deal, snubbing Pebblebrook
    American City Business Journals20 days ago

    LaSalle sets shareholder vote on Blackstone deal, snubbing Pebblebrook

    Key story highlights: LaSalle Hotel Properties once again rejects a bid by Pebblebrook Hotel Trust, a fellow Bethesda hotel company, to buy it. It has set a date to vote on a roughly $4.8 billion sale, instead, to private equity giant Blackstone LP. Pebblebrook, which owns 9.8 percent of LaSalle's outstanding stock, says it will vote against the Blackstone deal, setting up yet another battle.

  • Business Wire20 days ago

    LaSalle Hotel Properties to Report Second Quarter 2018 Results on August 9, 2018

    LaSalle Hotel Properties (LHO) (“LaSalle” or the “Company”) today announced it will report financial results for the second quarter 2018 on Thursday, August 9, 2018 before the market opens. Given the pending merger transaction with affiliates of Blackstone Real Estate Partners VIII, the Company will not host an investor conference call this quarter. LaSalle Hotel Properties is a leading multi-operator real estate investment trust.

  • Business Wire20 days ago

    LaSalle Hotel Properties Files Definitive Proxy Statement in Connection with Blackstone Transaction; Board Recommends Shareholders Vote “For” the Transaction Prior to the Special Meeting of Shareholders Scheduled for September 6, 2018

    LaSalle Hotel Properties (LHO) (“LaSalle” or the “Company”) today announced that it has filed definitive proxy materials with the Securities and Exchange Commission (the “SEC”) in connection with the previously announced merger with affiliates of Blackstone Real Estate Partners VIII ("Blackstone") and other transactions contemplated by LaSalle’s merger agreement with Blackstone (the “Blackstone Merger Agreement”). LaSalle’s Special Meeting of Shareholders is scheduled to take place on September 6, 2018 at the Sofitel Washington DC Lafayette Square, 806 15th Street NW, Washington, DC 20005 at 10:00 a.m., local time. All LaSalle shareholders of record as of the close of business on July 20, 2018 will be entitled to vote their shares either in person or by proxy at the shareholder meeting.

  • Business Wire20 days ago

    LaSalle Hotel Properties’ Board of Trustees Reaffirms Support for Blackstone Transaction

    LaSalle Hotel Properties (LHO) (“LaSalle” or the “Company”) today announced that its Board of Trustees (the “Board”) has determined that the unsolicited proposal received from Pebblebrook Hotel Trust (PEB) (“Pebblebrook”) on July 20, 2018 to acquire the Company (the “Pebblebrook Proposal”), which contained substantially identical terms as the unsolicited proposal received from Pebblebrook on June 11, 2018, does not constitute, and could not reasonably be expected to lead to, a “Superior Proposal” as defined in LaSalle’s merger agreement with affiliates of Blackstone Real Estate Partners VIII (“Blackstone”) (the “Blackstone Merger Agreement”).

  • GlobeNewswire23 days ago

    INVESTOR ALERT: Brower Piven Encourages Shareholders To Contact The Firm For Information Regarding The Proposed Sale Of LaSalle Hotel Properties (NYSE: LHO)

    The securities litigation law firm of Brower Piven, A Professional Corporation, notifies investors that a class action lawsuit has been commenced in the Circuit Court for Baltimore City on behalf of all common stockholders of LaSalle Hotel Properties (LHO) (“LaSalle” or the “Company”) opposing the proposed acquisition of LaSalle by affiliates of Blackstone Real Estate Partners VIII. According to the complaint, the action stems from the Company’s plan to sell to Blackstone Group, alleging the deal would bring less value than an alternate proposal from fellow REIT Pebblebrook Hotel Trust.

  • Business Wire29 days ago

    LaSalle Sets Record Date for Special Meeting of Shareholders to Vote on Merger Agreement with Blackstone

    LaSalle Hotel Properties (LHO) (“LaSalle” or the “Company”) today announced that it has set the record date for the special meeting of shareholders (the “Special Meeting”) to vote on the proposal to approve the previously announced merger with affiliates of Blackstone Real Estate Partners VIII and other transactions contemplated by the Blackstone Merger Agreement. As previously announced, under the terms of the Blackstone Merger Agreement, each share of common stock issued and outstanding immediately prior to the effective time of the merger will be canceled and automatically converted into the right to receive $33.50 in cash, without interest and less any applicable withholding taxes. The transaction is not contingent on receipt of financing.

  • ACCESSWIRElast month

    SHAREHOLDER NOTICE: Brodsky & Smith, LLC Announces an Investigation of LaSalle Hotel Properties - LHO

    BALA CYNWYD, PA / ACCESSWIRE / July 16, 2018 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of LaSalle Hotel Properties ("LaSalle Hotel" or "the Company") (NYSE:LHO News) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the sale of the Company to affiliates of Blackstone Real Estate Partners VIII ("Blackstone"). Under the terms of the transaction, LaSalle Hotel shareholders will receive only $33.50 in cash for each share of LaSalle Hotel stock they own. The investigation concerns whether the Board of LaSalle Hotel breached their fiduciary duties to shareholders and whether Blackstone is underpaying for the Company.

  • Business Wirelast month

    SHAREHOLDER ALERT: Brower Piven Encourages Investors to Contact The Firm For Additional Information Regarding The Proposed Sale Of LaSalle Hotel Properties

    The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of LaSalle Hotel Properties (LHO) (“LaSalle” or the “Company”) relating to the proposed buyout of LaSalle by affiliates of Blackstone Real Estate Partners VIII in a transaction announced on May 21, 2018. On May 20, 2018, the Board caused LaSalle to enter into an agreement and plan of merger with Blackstone. Under the terms of the agreement, shareholders of LaSalle will receive $33.50 in cash for each share of LaSalle common stock held.

  • ACCESSWIRElast month

    Breakfast Technical Briefing on Host Hotels & Resorts and Three Other Additional REIT Stocks

    Today's research on WallStEquities.com is focused on four Hotel Motel REIT equities, particularly: Host Hotels & Resorts Inc. (NYSE: HST), LaSalle Hotel Properties (NYSE: LHO), MGM Growth Properties LLC (NYSE: MGP), and Pebblebrook Hotel Trust (NYSE: PEB). Hotel Real Estate Investment Trusts (REITs) can acquire, improve, develop, lease, and manage properties in the hotel, lodging, hospitality, and resort industries.

  • The Pebblebrook-LaSalle dispute has grown even nastier
    American City Business Journalslast month

    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 Journalslast month

    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.

  • PR Newswire2 months ago

    Mudrick Capital Issues Open Letter to Board of Trustees of LaSalle Hotel Properties

    NEW YORK, July 2, 2018 /PRNewswire/ -- Mudrick Capital Management, L.P., which together with its affiliates beneficially owns 1,000,000 shares of the outstanding common stock of LaSalle Hotel Properties (LHO), today issued a public letter to LaSalle's Board of Trustees. Mudrick Capital Management, L.P., together with its affiliates, beneficially owns 1,000,000 shares of the outstanding common stock of LaSalle Hotel Properties (the "Company" or "LaSalle").

  • Only 2 Days Left To LaSalle Hotel Properties (NYSE:LHO)’s Ex-Dividend Date, Is It Worth Buying?
    Simply Wall St.2 months 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 Journals2 months 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
    Bloomberg2 months 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.

  • Business Wire2 months ago

    SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation of LaSalle Hotel Properties

    Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of LaSalle Hotel Properties (“LaSalle” or the “Company”) (NYSE: LHO) related to the Company’s entry into an agreement to be acquired by affiliates of Blackstone Real Estate Partners VIII (“Blackstone”) in a transaction announced on May 21, 2018 (the “Proposed Transaction”). On May 20, 2018, the Board caused LaSalle to enter into an agreement and plan of merger (the “Merger Agreement”) with Blackstone. Under the terms of the agreement, shareholders of LaSalle will receive $33.50 in cash for each share of LaSalle common stock.

  • 6 Winning Stock Strategies as Tariff Talks Take Ugly Turn
    Zacks2 months 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.