LaSalle Hotel Properties (NYSE:LHO)’s share price hit a new 52-week high and low during trading on Monday . The stock traded as low as $34.00 and last traded at $33.70, with a volume of 1286394 shares trading hands. The stock had previously closed at $33.50.
Several equities analysts have commented on the stock. Robert W. Baird lowered shares of LaSalle Hotel Properties from an “outperform” rating to a “neutral” rating in a research note on Tuesday. Barclays upgraded shares of LaSalle Hotel Properties from an “underweight” rating to an “equal weight” rating in a research note on Monday. BTIG Research upgraded shares of LaSalle Hotel Properties from a “neutral” rating to a “buy” rating in a research note on Friday, May 18th. SunTrust Banks increased their price target on shares of LaSalle Hotel Properties to $32.00 and gave the company a “hold” rating in a research note on Friday, May 11th. They noted that the move was a valuation call. Finally, Boenning Scattergood reiterated a “hold” rating on shares of LaSalle Hotel Properties in a research note on Friday, May 11th. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $27.68.
The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $3.71 billion, a PE ratio of 13.60, a P/E/G ratio of 3.03 and a beta of 1.11.
LaSalle Hotel Properties (NYSE:LHO) last announced its earnings results on Thursday, May 10th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.37). LaSalle Hotel Properties had a return on equity of 4.46% and a net margin of 9.55%. The business had revenue of $223.00 million for the quarter, compared to analysts’ expectations of $216.67 million. During the same quarter last year, the business posted $0.67 earnings per share. The business’s revenue was down 12.3% on a year-over-year basis. analysts forecast that LaSalle Hotel Properties will post 2.22 EPS for the current fiscal year.
In other news, CEO Michael D. Barnello acquired 19,398 shares of the stock in a transaction that occurred on Friday, March 2nd. The shares were purchased at an average cost of $24.65 per share, for a total transaction of $478,160.70. Following the transaction, the chief executive officer now directly owns 183,221 shares in the company, valued at approximately $4,516,397.65. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.43% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Assetmark Inc. grew its position in LaSalle Hotel Properties by 4,082.5% in 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 during the last quarter. Xact Kapitalforvaltning AB purchased a new position in LaSalle Hotel Properties in the 4th quarter valued at $267,000. Elkfork Partners LLC purchased a new position in LaSalle Hotel Properties in the 4th quarter valued at $285,000. Eqis Capital Management Inc. grew its position in LaSalle Hotel Properties by 27.1% in the 4th quarter. Eqis Capital Management Inc. now owns 11,810 shares of the real estate investment trust’s stock valued at $332,000 after buying an additional 2,521 shares during the last quarter. Finally, Flinton Capital Management LLC grew its position in LaSalle Hotel Properties by 29.1% in the 4th quarter. Flinton Capital Management LLC now owns 12,936 shares of the real estate investment trust’s stock valued at $363,000 after buying an additional 2,912 shares during the last quarter.
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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