LaSalle Hotel Properties (NYSE:LHO)‘s stock had its “hold” rating reiterated by investment analysts at Stifel Nicolaus in a note issued to investors on Tuesday, October 17th.
A number of other research firms have also recently commented on LHO. Boenning Scattergood set a $35.00 target price on shares of LaSalle Hotel Properties and gave the stock a “buy” rating in a research report on Tuesday, June 27th. Goldman Sachs Group, Inc. (The) lowered shares of LaSalle Hotel Properties from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $25.00 to $24.00 in a research note on Wednesday, August 2nd. Deutsche Bank AG dropped their price target on shares of LaSalle Hotel Properties from $28.00 to $27.00 and set a “hold” rating for the company in a research note on Friday, July 21st. BidaskClub lowered shares of LaSalle Hotel Properties from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Finally, Robert W. Baird set a $31.00 target price on shares of LaSalle Hotel Properties and gave the company a “hold” rating in a research note on Sunday, October 1st. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company’s stock. LaSalle Hotel Properties presently has a consensus rating of “Hold” and an average price target of $29.00.
LaSalle Hotel Properties (LHO) opened at 28.00 on Tuesday. The firm’s 50 day moving average is $29.10 and its 200 day moving average is $29.19. The company has a market cap of $3.17 billion, a P/E ratio of 10.41 and a beta of 1.18. LaSalle Hotel Properties has a 12-month low of $23.05 and a 12-month high of $31.87.
LaSalle Hotel Properties (NYSE:LHO) last posted its earnings results on Thursday, October 19th. The real estate investment trust reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.46). LaSalle Hotel Properties had a return on equity of 8.31% and a net margin of 18.10%. The firm had revenue of $285.90 million for the quarter, compared to analyst estimates of $295.02 million. During the same period in the previous year, the firm posted $0.84 earnings per share. The company’s revenue for the quarter was down 12.5% on a year-over-year basis. Equities research analysts anticipate that LaSalle Hotel Properties will post $1.61 EPS for the current fiscal year.
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A number of hedge funds and other institutional investors have recently modified their holdings of LHO. First Mercantile Trust Co. lifted its holdings in LaSalle Hotel Properties by 1.9% in the 2nd quarter. First Mercantile Trust Co. now owns 3,790 shares of the real estate investment trust’s stock valued at $113,000 after acquiring an additional 70 shares during the last quarter. Ffcm LLC lifted its holdings in LaSalle Hotel Properties by 150.1% in the 2nd quarter. Ffcm LLC now owns 4,074 shares of the real estate investment trust’s stock valued at $125,000 after acquiring an additional 2,445 shares during the last quarter. IFP Advisors Inc raised its holdings in LaSalle Hotel Properties by 14.9% during the 2nd quarter. IFP Advisors Inc now owns 4,577 shares of the real estate investment trust’s stock worth $136,000 after buying an additional 592 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in LaSalle Hotel Properties during the 1st quarter worth about $178,000. Finally, Fox Run Management L.L.C. acquired a new stake in LaSalle Hotel Properties during the 3rd quarter worth about $212,000.
LaSalle Hotel Properties Company Profile
LaSalle Hotel Properties is a self-administered and self-managed real estate investment trust. The Company primarily buys, owns, redevelops and leases upscale and luxury full-service hotels located in convention, resort and urban business markets. As of December 31, 2016, the Company owned interests in 46 hotels with approximately 11,450 guest rooms located in nine states of the United States and the District of Columbia (DC).
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