LaSalle Hotel Properties (NYSE:LHO)‘s stock had its “hold” rating reiterated by research analysts at Stifel Nicolaus in a research note issued to investors on Monday. They presently have a $30.50 price target on the real estate investment trust’s stock. Stifel Nicolaus’ price objective suggests a potential downside of 2.34% from the stock’s previous close.
A number of other analysts have also weighed in on the stock. Zacks Investment Research lowered shares of LaSalle Hotel Properties from a “buy” rating to a “hold” rating in a report on Saturday, January 27th. Robert W. Baird raised shares of LaSalle Hotel Properties from a “neutral” rating to an “outperform” rating and set a $27.00 price target for the company in a report on Monday, March 5th. ValuEngine lowered shares of LaSalle Hotel Properties from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Boenning Scattergood raised shares of LaSalle Hotel Properties from an “under perform” rating to a “neutral” rating in a report on Thursday, March 29th. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $26.00 price target on shares of LaSalle Hotel Properties in a report on Friday, February 23rd. Eight equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the stock. LaSalle Hotel Properties currently has an average rating of “Hold” and an average target price of $27.35.
NYSE LHO opened at $31.23 on Monday. The company has a market cap of $3,389.36, a PE ratio of 12.64, a PEG ratio of 2.85 and a beta of 1.11. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.30 and a quick ratio of 3.30. LaSalle Hotel Properties has a 1-year low of $24.10 and a 1-year high of $31.75.
LaSalle Hotel Properties (NYSE:LHO) last issued its quarterly earnings results on Tuesday, February 20th. The real estate investment trust reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.39). The company had revenue of $257.51 million during the quarter, compared to analyst estimates of $261.42 million. LaSalle Hotel Properties had a net margin of 17.65% and a return on equity of 8.11%. equities analysts predict that LaSalle Hotel Properties will post 2.1 earnings per share for the current year.
In other LaSalle Hotel Properties news, CEO Michael D. Barnello acquired 19,398 shares of LaSalle Hotel Properties stock in a transaction on Friday, March 2nd. The shares were purchased at an average cost of $24.65 per share, with a total value of $478,160.70. Following the completion of the purchase, the chief executive officer now owns 183,221 shares in the company, valued at $4,516,397.65. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.43% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the business. Assetmark Inc. boosted its stake in LaSalle Hotel Properties by 4,082.5% in 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 last quarter. Xact Kapitalforvaltning AB bought a new position in LaSalle Hotel Properties in the fourth quarter valued at approximately $267,000. Elkfork Partners LLC bought a new position in LaSalle Hotel Properties in the fourth quarter valued at approximately $285,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in LaSalle Hotel Properties by 58.1% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,766 shares of the real estate investment trust’s stock valued at $312,000 after acquiring an additional 3,956 shares during the last quarter. Finally, Eqis Capital Management Inc. boosted its stake in LaSalle Hotel Properties by 27.1% in the fourth quarter. Eqis Capital Management Inc. now owns 11,810 shares of the real estate investment trust’s stock valued at $332,000 after acquiring an additional 2,521 shares during the last quarter.
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LaSalle Hotel Properties Company Profile
LaSalle Hotel Properties is a leading multi-operator real estate investment trust. The Company owns 41 properties, which are upscale, full-service hotels, totaling approximately 10,400 guest rooms in 11 markets in seven states and the District of Columbia. The Company focuses on owning, redeveloping and repositioning upscale, full-service hotels located in urban, resort and convention markets.
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