LaSalle Hotel Properties (LHO) Given Hold Rating at Royal Bank of Canada

Royal Bank of Canada restated their hold rating on shares of LaSalle Hotel Properties (NYSE:LHO) in a report published on Friday morning. They currently have a $26.00 price target on the real estate investment trust’s stock.

LHO has been the subject of a number of other research reports. Barclays lowered their price objective on LaSalle Hotel Properties from $27.00 to $24.00 and set an underweight rating for the company in a research report on Thursday. Morgan Stanley reaffirmed an equal weight rating and issued a $24.00 price objective (down previously from $27.00) on shares of LaSalle Hotel Properties in a research report on Thursday. Robert W. Baird set a $27.00 price objective on LaSalle Hotel Properties and gave the company a hold rating in a research report on Thursday. Deutsche Bank lowered their price objective on LaSalle Hotel Properties from $28.00 to $24.00 and set a hold rating for the company in a research report on Thursday. Finally, Boenning Scattergood reaffirmed a sell rating on shares of LaSalle Hotel Properties in a research report on Thursday. Eight research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. The company has an average rating of Hold and a consensus target price of $26.73.

LaSalle Hotel Properties (LHO) traded up $0.26 during midday trading on Friday, hitting $25.01. The stock had a trading volume of 2,610,000 shares, compared to its average volume of 2,360,000. LaSalle Hotel Properties has a 12 month low of $24.10 and a 12 month high of $31.75. The firm has a market capitalization of $2,830.00, a PE ratio of 16.24, a price-to-earnings-growth ratio of 2.38 and a beta of 1.12. The company has a debt-to-equity ratio of 0.45, a quick ratio of 3.22 and a current ratio of 3.30.

Hedge funds have recently bought and sold shares of the business. Assetmark Inc. grew its position in LaSalle Hotel Properties by 4,082.5% during the fourth quarter. Assetmark Inc. now owns 4,057 shares of the real estate investment trust’s stock valued at $114,000 after acquiring an additional 3,960 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in LaSalle Hotel Properties during the third quarter valued at about $174,000. Fox Run Management L.L.C. purchased a new stake in LaSalle Hotel Properties during the third quarter valued at about $212,000. Xact Kapitalforvaltning AB purchased a new stake in LaSalle Hotel Properties during the fourth quarter valued at about $267,000. Finally, Elkfork Partners LLC purchased a new stake in LaSalle Hotel Properties during the fourth quarter valued at about $285,000.

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About LaSalle Hotel Properties

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).

Analyst Recommendations for LaSalle Hotel Properties (NYSE:LHO)

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