News articles about LaSalle Hotel Properties (NYSE:LHO) have trended somewhat positive recently, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. LaSalle Hotel Properties earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 46.8984419160634 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the headlines that may have impacted Accern Sentiment’s rankings:
- Rhumbline Advisers Has $7.13 Million Holdings in LaSalle Hotel Properties (LHO) (americanbankingnews.com)
- LaSalle Hotel Properties (LHO) Given Average Rating of “Hold” by Analysts (americanbankingnews.com)
- LaSalle Hotel Properties (LHO) Rating Increased to Outperform at Robert W. Baird (americanbankingnews.com)
- Long Pond Capital LP Buys New Position in LaSalle Hotel Properties (LHO) (americanbankingnews.com)
- Royce & Associates LP Has $2.95 Million Stake in LaSalle Hotel Properties (LHO) (americanbankingnews.com)
LaSalle Hotel Properties (LHO) opened at $25.98 on Friday. LaSalle Hotel Properties has a 12 month low of $24.10 and a 12 month high of $31.75. The company has a current ratio of 3.30, a quick ratio of 3.30 and a debt-to-equity ratio of 0.45. The company has a market cap of $2,941.07, a P/E ratio of 16.98, a P/E/G ratio of 2.47 and a beta of 1.28.
Several brokerages have commented on LHO. Robert W. Baird upgraded shares of LaSalle Hotel Properties from a “neutral” rating to an “outperform” rating and set a $27.00 price target on the stock in a research note on Monday, March 5th. Zacks Investment Research lowered shares of LaSalle Hotel Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, February 27th. Royal Bank of Canada restated a “hold” rating and issued a $26.00 price target on shares of LaSalle Hotel Properties in a research note on Friday, February 23rd. Barclays dropped their price target on shares of LaSalle Hotel Properties from $27.00 to $24.00 and set an “underweight” rating on the stock in a research note on Thursday, February 22nd. Finally, Morgan Stanley restated an “equal weight” rating and issued a $24.00 price target (down previously from $27.00) on shares of LaSalle Hotel Properties in a research note on Thursday, February 22nd. Nine investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $26.73.
In related news, CEO Michael D. Barnello acquired 19,398 shares of the stock in a transaction that occurred on Friday, March 2nd. The shares were acquired at an average price of $24.65 per share, for a total transaction of $478,160.70. Following the completion of the purchase, the chief executive officer now directly owns 183,221 shares of the company’s stock, valued at $4,516,397.65. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.38% of the stock is owned by company insiders.
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).
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