LHO - LaSalle Hotel Properties

NYSE - NYSE Delayed Price. Currency in USD
32.07
+0.45 (+1.42%)
At close: 4:02PM EDT
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Previous Close31.62
Open31.59
Bid32.05 x 2200
Ask33.45 x 800
Day's Range31.52 - 32.26
52 Week Range24.10 - 36.13
Volume4,243,588
Avg. Volume1,509,556
Market Cap3.547B
Beta (3Y Monthly)1.30
PE Ratio (TTM)57.06
EPS (TTM)0.56
Earnings DateNov 1, 2018
Forward Dividend & Yield0.90 (2.81%)
Ex-Dividend Date2018-06-28
1y Target Est33.14
Trade prices are not sourced from all markets
  • Business Wire2 days ago

    LaSalle Hotel Properties Reports Preliminary Third Quarter 2018 Results

    LaSalle Hotel Properties today announced preliminary results for the third quarter ended September 30, 2018, including net income, room revenue per available room , adjusted EBITDAre and adjusted FFO attributable to common shareholders and unitholders per diluted share/unit.

  • GlobeNewswire5 days ago

    MERGER ALERT – LPNT, LHO and FCB: Levi & Korsinsky, LLP Reminds Investors of Investigations Concerning the Sale of these Companies

    NEW YORK, Oct. 15, 2018 -- The following statement is being issued by Levi & Korsinsky, LLP: Levi & Korsinsky, LLP announces that investigations have commenced on.

  • Business Wire11 days ago

    Pebblebrook Hotel Trust and LaSalle Hotel Properties Provide Update on Progress Towards Strategic Combination

    Pebblebrook Hotel Trust (PEB) (“Pebblebrook”) and LaSalle Hotel Properties (LHO) (“LaSalle”) announced today that their pending merger transaction is on schedule for a planned closing date of November 30, 2018. Pebblebrook and LaSalle will each hold a special meeting of its shareholders on November 27, 2018 to approve Pebblebrook’s proposed acquisition of LaSalle. Pebblebrook and LaSalle shareholders of record as of the close of business on October 23, 2018 will be entitled to vote at the applicable special meeting of shareholders.

  • GlobeNewswire11 days ago

    Consolidated Research: 2018 Summary Expectations for LaSalle Hotel Properties, EchoStar, Clean Energy Fuels, Innophos, Data I/O, and Calyxt — Fundamental Analysis, Key Performance Indications

    NEW YORK, Oct. 09, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.

  • Business Wire19 days ago

    LaSalle Hotel Properties to Report Third Quarter 2018 Results on November 1, 2018

    LaSalle Hotel Properties (LHO) (“LaSalle” or the “Company”) today announced it will report financial results for the third quarter 2018 on Thursday, November 1, 2018 after the market closes. Given the pending merger transaction with Pebblebrook Hotel Trust (PEB) (“Pebblebrook”), LaSalle will not host an investor conference call this quarter. LaSalle Hotel Properties is a leading multi-operator real estate investment trust.

  • Business Wirelast month

    Pebblebrook Hotel Trust Files Registration Statement on Form S-4 with Preliminary Joint Proxy Statement/Prospectus in Connection with Proposed Merger with LaSalle Hotel Properties

    Pebblebrook Hotel Trust (PEB) (“Pebblebrook”) and LaSalle Hotel Properties (LHO) (“LaSalle”) announced today that Pebblebrook has filed a preliminary joint proxy statement/prospectus as part of a registration statement on Form S-4 with the U.S. Securities and Exchange Commission (“SEC”) in connection with Pebblebrook’s proposed merger with LaSalle. While the registration statement has not yet become effective and the information contained therein is subject to change, it provides important information about Pebblebrook’s proposed merger with LaSalle. Once the registration statement has been declared effective by the SEC, the final joint proxy statement/prospectus will be mailed to shareholders of Pebblebrook and of LaSalle prior to shareholder votes on the proposed merger.

  • Business Wirelast month

    Pebblebrook Hotel Trust and LaSalle Hotel Properties to Host Investor Call to Discuss Strategic Combination

    Pebblebrook Hotel Trust (PEB) (“Pebblebrook”) and LaSalle Hotel Properties (LHO) (“LaSalle”) will host an investor call today, Thursday, September 13, 2018 at 9:00 a.m. ET., to discuss the pending strategic combination of Pebblebrook and LaSalle, which was announced on September 6, 2018. Under the terms of the merger agreement, Pebblebrook will acquire 100% of LaSalle’s outstanding common shares. Additionally, a live webcast of the call will be available at Pebblebrook’s investor relations website at investor.pebblebrookhotels.com.

  • Top Ranked Momentum Stocks to Buy for September 10th
    Zackslast month

    Top Ranked Momentum Stocks to Buy for September 10th

    Top Ranked Momentum Stocks to Buy for September 10th

  • GlobeNewswirelast month

    Bragar Eagel & Squire, P.C. is Investigating the Board of Directors of LaSalle Hotel Properties (LHO) on Behalf of Stockholders and Encourages Investors to Contact the Firm

    NEW YORK, Sept. 06, 2018-- Bragar Eagel & Squire, P.C. is investigating potential claims against LaSalle Hotel Properties on behalf of stockholders concerning the proposed acquisition of the company by ...

  • The Wall Street Journallast month

    [$$] 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.

  • Pebblebrook Hotel Trust and LaSalle Hotel Properties Announce Agreement for Strategic Combination to Create Premier, Best-In-Class Lodging REIT
    Business Wirelast month

    Pebblebrook Hotel Trust and LaSalle Hotel Properties Announce Agreement for Strategic Combination to Create Premier, Best-In-Class Lodging REIT

    Pebblebrook Hotel Trust (PEB) (“Pebblebrook”) and LaSalle Hotel Properties (LHO) (“LaSalle”) today jointly announced that they have entered into a definitive merger agreement under which Pebblebrook will acquire 100% of LaSalle’s outstanding common shares (the “Pebblebrook-LaSalle Agreement”). LaSalle has terminated its previously announced merger agreement with affiliates of The Blackstone Group L.P. (BX) (“Blackstone”) (the “Blackstone-LaSalle Agreement”) following receipt of a waiver of Blackstone’s four business day period during which it could have proposed amendments to the terms of the Blackstone-LaSalle Agreement. LaSalle has canceled its special meeting of LaSalle shareholders previously scheduled for September 6, 2018 relating to the Blackstone-LaSalle Agreement.

  • The Wall Street Journallast month

    [$$] 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.”

  • Business Wirelast month

    LaSalle Hotel Properties’ Board of Trustees Determines Pebblebrook Hotel Trust Proposal Constitutes a “Superior Proposal” to Blackstone Transaction

    LaSalle Hotel Properties (LHO) (“LaSalle” or the “Company”) today announced that its Board of Trustees (the “Board”), in consultation with its legal and financial advisors, through a unanimous vote of the trustees present (with only Stuart L. Scott not in attendance due to recent hospitalization) has determined that the unsolicited, non-binding proposal received from Pebblebrook Hotel Trust (PEB) (“Pebblebrook”) on August 21, 2018 (the “Pebblebrook Proposal”) constitutes a “Superior Proposal” as defined in LaSalle’s merger agreement with affiliates of Blackstone Real Estate Partners VIII (“Blackstone”) (the “Blackstone Merger Agreement”).

  • The Wall Street Journal2 months 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.

  • Business Wire2 months ago

    LaSalle Hotel Properties’ Board of Trustees Determines Pebblebrook Hotel Trust Proposal Could Reasonably Be Expected to Lead to a “Superior Proposal”

    LaSalle Hotel Properties (LHO) (“LaSalle” or the “Company”) today announced that its Board of Trustees (the “Board”), through a unanimous vote of the trustees present (with only Stuart L. Scott not in attendance due to recent hospitalization), has determined that the unsolicited, non-binding proposal received from Pebblebrook Hotel Trust (PEB) (“Pebblebrook”) on August 21, 2018 (the “Pebblebrook Proposal”) could 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”).

  • Business Wire2 months 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 August 21, 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 30% in aggregate of the consideration, subject to pro ration. On May 21, 2018, LaSalle entered into a definitive agreement with affiliates of Blackstone Real Estate Partners VIII, under which 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 (the “Blackstone Merger Agreement”).

  • 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?

  • Business Wire2 months 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
    Zacks2 months 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 Wire2 months 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.

  • GlobeNewswire3 months 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 ...

  • Business Wire3 months 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 Wire3 months 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 Wire3 months 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”).