LaSalle Hotel Properties (LHO) Upgraded at ValuEngine

ValuEngine upgraded shares of LaSalle Hotel Properties (NYSE:LHO) from a hold rating to a buy rating in a research report released on Monday.

Other equities research analysts have also recently issued reports about the stock. BTIG Research upgraded shares of LaSalle Hotel Properties from a neutral rating to a buy rating in a research report on Friday, May 18th. Robert W. Baird set a $30.00 price objective on shares of LaSalle Hotel Properties and gave the stock a buy rating in a research report on Tuesday, April 3rd. Zacks Investment Research upgraded shares of LaSalle Hotel Properties from a sell rating to a buy rating and set a $35.00 price objective for the company in a research report on Wednesday, April 25th. Barclays upgraded shares of LaSalle Hotel Properties from an underweight rating to an equal weight rating in a research report on Monday, May 21st. Finally, Stifel Nicolaus reiterated a hold rating and set a $30.50 price objective on shares of LaSalle Hotel Properties in a research report on Monday, April 16th. Five equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $27.12.

LHO opened at $34.64 on Monday. LaSalle Hotel Properties has a twelve month low of $24.10 and a twelve month high of $36.13. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.46. The firm has a market cap of $3.82 billion, a PE ratio of 14.02 and a beta of 1.13.

LaSalle Hotel Properties (NYSE:LHO) last posted its quarterly earnings data on Thursday, May 10th. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 firm had revenue of $223.00 million for the quarter, compared to analyst estimates of $216.67 million. During the same quarter last year, the company earned $0.67 earnings per share. The company’s quarterly revenue was down 12.3% compared to the same quarter last year. research analysts anticipate that LaSalle Hotel Properties will post 2.22 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 16th. Stockholders of record on Friday, June 29th will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend is Thursday, June 28th. LaSalle Hotel Properties’s dividend payout ratio is currently 36.44%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. grew its holdings in shares of LaSalle Hotel Properties by 1.3% during the first quarter. BlackRock Inc. now owns 15,315,874 shares of the real estate investment trust’s stock valued at $444,313,000 after buying an additional 189,786 shares during the last quarter. HG Vora Capital Management LLC acquired a new position in shares of LaSalle Hotel Properties during the first quarter valued at about $232,080,000. Long Pond Capital LP grew its holdings in shares of LaSalle Hotel Properties by 6.4% during the first quarter. Long Pond Capital LP now owns 6,152,249 shares of the real estate investment trust’s stock valued at $178,477,000 after buying an additional 371,703 shares during the last quarter. Northern Trust Corp grew its holdings in shares of LaSalle Hotel Properties by 1.6% during the first quarter. Northern Trust Corp now owns 4,355,045 shares of the real estate investment trust’s stock valued at $126,341,000 after buying an additional 70,427 shares during the last quarter. Finally, Zimmer Partners LP acquired a new position in shares of LaSalle Hotel Properties during the first quarter valued at about $82,940,000.

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 10,452 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for LaSalle Hotel Properties (NYSE:LHO)

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