JONES LANG LASL Price, Consensus and EPS Surprise
JONES LANG LASL Price, Consensus and EPS Surprise | JONES LANG LASL Quote
Revenues from LaSalle Investment Management segment decreased 76% year over year to $4.9 million. At the end of the third quarter, assets under management totaled $59.7 billion, up from $59.1 billion at the end of the prior quarter. LiquidityJLL enjoys credit facility of $2.75 billion with the maturity date of Jun 2021.JLL exited the third quarter with cash and cash equivalents of $228.4 million, up from $216.6 million as of Dec 31, 2015. At the end of the third quarter, the company’s net debt was $1.3 billion, up $300 million from the prior-quarter end.
Dividend JLL declared a semi-annual dividend of 33 cents per share, marking an increase of 6% from the previous payment. The payment will be made on Dec 15, 2016 to shareholders on record as of Nov 15, 2016Our Viewpoint JLL’s diversified product & services range, extensive knowledge of domestic & international real estate markets and a spate of strategic investment activities will aid its growth momentum. However, stiff competition and uneasiness in certain global economies remain concerns.JLL currently has a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Some other REITs which are slated to report results this week are EPR Properties EPR, National Retail Properties, Inc. NNN and Lamar Advertising Co. LAMR. Confidential from ZacksBeyond this Analyst Blog, would you like to see Zacks’ best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>