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).

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