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Profile - La Quinta Properties Inc. (NYSE:LQI)
As of 31-Aug-2001
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More Info: Quote | Chart | News | Profile | Research | Msgs | Insider
Recent Events
Aug 21Price hit new 52-week high ($6.24)
Aug  9Conference call: The La Quinta Companies Earnings (Q2)
Aug  9Earnings Announcement
Location
909 Hidden Ridge, Suite 600
Irving, TX 75038
Phone: (214) 492-6600
Email: meditrust@reit.com
Employees (last reported count): 913
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Services
 ·Industry: Real Estate Operations
Company Website
 ·Home Page

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Ownership
·Insider and 5%+ Owners: 12%
·Over the last 6 months:
 · 4 insider buys; 9,000  shares
·Institutional: 16% (18% of float)
(134 institutions)
·Net Inst. Selling: 28.6M shares
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
La Quinta Properties, Inc., formerly known as Meditrust Corporation, consists of two separate companies: Meditrust Corporation (Realty) and Meditrust Operating Company (Operating). Realty is a real estate investment trust and Operating is a taxable corporation. As of December 31, 2000, Realty's real estate investments were principally in hotels. In addition, Realty had investments in healthcare related real estate. As a REIT, Realty is not permitted to operate the businesses conducted at or with the real estate that it owns; rather, Realty must lease its properties to the operators of the businesses. Operating operates the lodging related real estate owned or leased by Realty. Operating does not conduct any activities related to Realty's healthcare related real estate. Operating's business is conducted under the La Quinta brand name.
More from Market Guide: Expanded Business Description

Financial Summary
La Quinta Properties, Inc. is a REIT which invests in retirement communities, assisted living centers, long-term care facilities and other income producing health care related real estate. For the six months ended 6/30/01, revenues fell 15% to $365.1 million. Net loss applicable to Common and before acct. change and extraordinary item fell 59% to $33.6 million. Results reflect lower rental and interest revenues, and the absence of a $39.1 million provision for loss on equity securities.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY2000 Pay

Clive Bode, 58
Chairman
--  
Francis Cash, 59
Pres, CEO, Director
--  
David Rea
CFO, Exec. VP, Treasurer
--  
Michael Bushee
COO
$1.0M
A. John Novak
Sr. VP, CIO
--  
Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc..
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- NYSE:LQIAs of 31-Aug-2001
Price and Volume
52-Week Low
on 28-Dec-2000
$2.188
Recent Price$5.15 
52-Week High
on 21-Aug-2001
$6.24 
Beta0.56 
Daily Volume (3-month avg)313.2K
Daily Volume (10-day avg)286.0K
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
52-Week Change+106.0%
52-Week Change
relative to S&P500
+176.4%
Share-Related Items
Market Capitalization$737.0M
Shares Outstanding143.1M
Float125.9M
Dividends & Splits
Annual Dividend (indicated)$1.84 
Dividend Yield35.73%
Last Split: factor 1.202 on 6-Nov-1997
Per-Share Data
Book Value (mrq)$16.02 
Earnings (ttm)-$2.14 
Earnings (mrq)-$0.12 
Sales (ttm)$5.30 
Cash (mrq)$1.42 
Valuation Ratios
Price/Book (mrq)0.32 
Price/EarningsN/A 
Price/Sales (ttm)0.97 
Income Statements
Sales (ttm)$756.6M
EBITDA (ttm)$15.1M
Income available to common (ttm)-$305.0M
Profitability
Profit Margin (ttm)-37.9%
Operating Margin (ttm)-37.8%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)-6.81%
Return on Equity (ttm)-12.84%
Financial Strength
Current RatioN/A 
Debt/Equity (mrq)0.55 
Total Cash (mrq)$203.4M
Short Interest
As of 8-Aug-2001
Shares Short504.0K
Percent of Float0.4%
Shares Short
(Prior Month)
514.0K
Short Ratio1.86 
Daily Volume271.0K
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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