LaSalle Hotel Properties (NYSE:LHO) had its target price lowered by equities research analysts at Barclays from $27.00 to $24.00 in a note issued to investors on Thursday. The firm presently has an “underweight” rating on the real estate investment trust’s stock. Barclays’ price target would suggest a potential downside of 3.07% from the stock’s current price.
A number of other research analysts have also recently weighed in on LHO. Deutsche Bank dropped their target price on shares of LaSalle Hotel Properties from $28.00 to $24.00 and set a “hold” rating on the stock in a research note on Thursday. Robert W. Baird set a $27.00 target price on shares of LaSalle Hotel Properties and gave the company a “hold” rating in a research note on Thursday. Boenning Scattergood reiterated a “sell” rating on shares of LaSalle Hotel Properties in a research note on Thursday. Morgan Stanley dropped their target price on shares of LaSalle Hotel Properties from $27.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Thursday. Finally, ValuEngine cut shares of LaSalle Hotel Properties from a “buy” rating to a “hold” rating in a research note on Thursday. Eight investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. LaSalle Hotel Properties presently has an average rating of “Hold” and a consensus price target of $26.79.
LaSalle Hotel Properties (NYSE LHO) traded down $0.61 on Thursday, reaching $24.76. 4,356,967 shares of the company’s stock were exchanged, compared to its average volume of 2,141,501. The company has a current ratio of 3.22, a quick ratio of 3.22 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $3,198.04, a PE ratio of 16.18, a price-to-earnings-growth ratio of 2.42 and a beta of 1.12. LaSalle Hotel Properties has a 52-week low of $24.10 and a 52-week high of $31.75.
Hedge funds have recently made changes to their positions in the stock. Assetmark Inc. lifted its stake in shares of LaSalle Hotel Properties by 4,082.5% during the 4th quarter. Assetmark Inc. now owns 4,057 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 3,960 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of LaSalle Hotel Properties during the 3rd quarter valued at approximately $174,000. Fox Run Management L.L.C. purchased a new stake in LaSalle Hotel Properties in the 3rd quarter worth approximately $212,000. Xact Kapitalforvaltning AB purchased a new stake in LaSalle Hotel Properties in the 4th quarter worth approximately $267,000. Finally, Elkfork Partners LLC purchased a new stake in LaSalle Hotel Properties in the 4th quarter worth approximately $285,000.
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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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