LHO - LaSalle Hotel Properties

NYSE - NYSE Delayed Price. Currency in USD
34.82
+0.02 (+0.06%)
At close: 4:05PM EDT

34.82 0.00 (0.00%)
After hours: 4:43PM EDT

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Previous Close34.80
Open35.03
Bid33.16 x 1000
Ask0.00 x 2200
Day's Range34.75 - 35.06
52 Week Range24.10 - 36.13
Volume2,177,490
Avg. Volume2,593,067
Market Cap3.849B
Beta1.28
PE Ratio (TTM)45.10
EPS (TTM)0.77
Earnings DateJul 17, 2018 - Jul 23, 2018
Forward Dividend & Yield0.90 (2.55%)
Ex-Dividend Date2018-06-28
1y Target Est31.08
Trade prices are not sourced from all markets
  • Business Wire3 days 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
    Zacks3 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.

  • ACCESSWIRE3 days ago

    Free Post Earnings Research Report: LaSalle Reported Better Than Expected FFO Results

    LONDON, UK / ACCESSWIRE / June 19, 2018 / If you want access to our free earnings report on LaSalle Hotel Properties (NYSE: LHO) ("LaSalle"), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=LHO. LaSalle reported its first quarter fiscal 2018 operating and financial results on May 10, 2018.

  • Pebblebrook plays a public game in quest to buy LaSalle. Analysts say it could work.
    American City Business Journals4 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.

  • PR Newswire4 days ago

    SHAREHOLDER ALERT: Monteverde & Associates PC Announces An Investigation of LaSalle Hotel Properties. - LHO

    NEW YORK , June 18, 2018 /PRNewswire/ --  Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New York ...

  • Business Wire4 days ago

    Bragar Eagel & Squire, P.C. Reminds Investors of an Investigation of LaSalle Hotel Properties, Inc. (LHO) on Behalf of Stockholders in Connection With its Proposed Acquisition by Blackstone Real Estate Partners VIII

    Bragar Eagel & Squire, P.C. reminds investors that the Firm is investigating potential claims on behalf of LaSalle Hotel Properties stockholders concerning the proposed acquisition of the company by Blackstone Real Estate Partners VIII.

  • The Wall Street Journal4 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.

  • Reuters4 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 Journals4 days ago

    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.

  • Business Wire4 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 proposal from Pebblebrook Hotel Trust (PEB) (“Pebblebrook”) received on June 11, 2018 to acquire the Company (the “Pebblebrook Proposal”) does not constitute, and could not reasonably be expected to lead to, a “Superior Proposal” as defined in LaSalle’s definitive agreement with affiliates of Blackstone Real Estate Partners VIII (the “Blackstone Merger Agreement”). Under the terms of the Blackstone Merger Agreement, which the Company entered into on May 20, 2018, Blackstone will acquire all outstanding common shares of beneficial interest of LaSalle for $33.50 per share in an all-cash transaction valued at $4.8 billion.

  • LaSalle Picks Blackstone's $4.8 Billion Bid Over Pebblebrook
    Bloomberg5 days ago

    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.

  • Business Wire7 days ago

    LaSalle Hotel Properties Declares Dividend for the Second Quarter 2018

    LaSalle Hotel Properties today declared a quarterly dividend of $0.225 per common share of beneficial interest for the quarter ending June 30, 2018. The second quarter dividend will be paid on July 16, 2018 to common shareholders of record as of June 29, 2018.

  • The Wall Street Journal9 days ago

    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.

  • Business Wire10 days ago

    LASALLE HOTEL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of LaSalle Hotel Properties

    Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC are investigating the proposed sale of LaSalle Hotel Properties to Blackstone Real Estate Partners VIII.

  • The Wall Street Journal10 days ago

    [$$] 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
    Zacks10 days ago

    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.

  • Reuters10 days ago

    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.

  • Forbes11 days ago

    Pebblebrook Not Backing Down On LaSalle Hotel Deal

    The Chrysler Building, an Art Deco-style skyscraper, is reflected on the side of the Grand Hyatt hotel on Lexington Avenue in New York, March 16, 2018. This morning, Pebblebrook Hotel Trust (PEB) enhanced its bid for LaSalle Hotel Properties (LHO). It was just 3 weeks ago LaSalle agreed to sell instead to Blackstone (BX) for $33.50 per share, all-cash, and all signed off by the LaSalle board.

  • The Wall Street Journal11 days ago

    [$$] 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.

  • Reuters11 days ago

    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.

  • Reuters11 days ago

    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.

  • MarketWatch11 days ago

    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.

  • Reuters11 days ago

    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.

  • Business Wire11 days ago

    LaSalle Hotel Properties Confirms Receipt of Proposal from Pebblebrook Hotel Trust

    LaSalle Hotel Properties (LHO) (“LaSalle” or the “Company”) today confirmed that it received a proposal from Pebblebrook Hotel Trust (PEB) (“Pebblebrook”) on June 11, 2018 to acquire LaSalle in a transaction with consideration of 0.92 common shares of Pebblebrook per common share of LaSalle, with the option for LaSalle shareholders to elect to receive cash up to a maximum of 20% in aggregate of the consideration, subject to pro ration. As previously announced on May 21, 2018, LaSalle entered into a definitive agreement with affiliates of Blackstone Real Estate Partners VIII, under which Blackstone would acquire all outstanding common shares of beneficial interest of LaSalle for $33.50 per share in an all-cash transaction valued at $4.8 billion (the “Blackstone Merger Agreement”).

  • Reuters11 days ago

    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 ...