LaSalle Hotel Properties (NYSE:LHO)‘s stock had its “hold” rating reissued by equities researchers at Stifel Nicolaus in a report released on Tuesday, October 17th.
LHO has been the subject of a number of other reports. Boenning Scattergood set a $35.00 target price on shares of LaSalle Hotel Properties and gave the company a “buy” rating in a report on Tuesday, June 27th. Robert W. Baird set a $31.00 target price on shares of LaSalle Hotel Properties and gave the company a “hold” rating in a report on Friday, August 25th. BidaskClub downgraded shares of LaSalle Hotel Properties from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Deutsche Bank AG cut their price target on shares of LaSalle Hotel Properties from $28.00 to $27.00 and set a “hold” rating on the stock in a report on Friday, July 21st. Finally, Zacks Investment Research cut shares of LaSalle Hotel Properties from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. Three analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $29.00.
Shares of LaSalle Hotel Properties (LHO) traded up $0.04 on Tuesday, reaching $28.51. 301,993 shares of the company’s stock were exchanged, compared to its average volume of 1,588,312. The company has a current ratio of 3.22, a quick ratio of 3.22 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $3,223.71, a PE ratio of 11.12, a P/E/G ratio of 2.30 and a beta of 1.12. LaSalle Hotel Properties has a one year low of $23.06 and a one year high of $31.87.
LaSalle Hotel Properties (NYSE:LHO) last announced its earnings results on Thursday, October 19th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.46). The business had revenue of $285.90 million for the quarter, compared to analyst estimates of $295.02 million. LaSalle Hotel Properties had a return on equity of 8.31% and a net margin of 18.10%. The business’s revenue was down 12.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.84 EPS. research analysts predict that LaSalle Hotel Properties will post 2.48 earnings per share for the current fiscal year.
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Several institutional investors have recently made changes to their positions in LHO. BlackRock Inc. grew its stake in shares of LaSalle Hotel Properties by 6,612.1% in the first quarter. BlackRock Inc. now owns 14,418,107 shares of the real estate investment trust’s stock worth $417,404,000 after acquiring an additional 14,203,299 shares during the last quarter. Brookfield Asset Management Inc. acquired a new stake in LaSalle Hotel Properties during the second quarter worth $72,146,000. Vanguard Group Inc. boosted its stake in LaSalle Hotel Properties by 7.8% during the first quarter. Vanguard Group Inc. now owns 19,251,397 shares of the real estate investment trust’s stock worth $557,328,000 after buying an additional 1,393,862 shares in the last quarter. Principal Financial Group Inc. boosted its stake in LaSalle Hotel Properties by 116.0% during the second quarter. Principal Financial Group Inc. now owns 2,453,209 shares of the real estate investment trust’s stock worth $73,105,000 after buying an additional 1,317,472 shares in the last quarter. Finally, William Blair Investment Management LLC acquired a new stake in LaSalle Hotel Properties during the second quarter worth $22,454,000.
LaSalle Hotel Properties Company Profile
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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