LaSalle Hotel Properties (LHO) announced its most recent quarterly financial results on Wednesday, Oct-19-2016. LHO reported $0.84 earnings per share for the quarter, missing the analyst consensus estimate by $-0.03. Analysts had a consensus of $0.87. The company posted revenue of $326.94 million in the period, compared to analysts expectations of $328.85 million. LHO’s revenue was down -.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.87 EPS.
LaSalle Hotel Properties closed down -0.19 points or -0.77% at $24.36 with 6,64,802 shares getting traded on Friday. Post opening the session at $24.75, the shares hit an intraday low of $24.36 and an intraday high of $24.81 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Aug 29, 2016, Michael D Barnello (President and CEO) sold 150,000 shares at $28.58 per share price. According to the SEC, on Jul 27, 2016, Alfred L. Young (EVP and COO) sold 17,000 shares at $28.11 per share price. On May 3, 2016, William S Mccalmont (director) sold 2,091 shares at $24.10 per share price, according to the Form-4 filing with the securities and exchange commission.
Lasalle Hotel Properties is a self-managed and self-administered real estate investment trust (REIT). The Company buys owns redevelops and leases upscale and luxury full-service hotels located in convention resort and urban business markets. As of December 31 2014 the Company owned interests in 45 hotels with approximately 11300 guest rooms located in 10 states and the District of Columbia. LaSalle Hotel Lessee Inc. (LHL) is the Company’s wholly owned REIT subsidiary. Its hotels are leased to LHL that provides for rental payments. The Company’s assets are held by and all of its operations are conducted through LaSalle Hotel Operating Partnership L.P. (the Operating Partnership). The Company is the sole general partner of the Operating Partnership.