Media headlines about LaSalle Hotel Properties (NYSE:LHO) have been trending somewhat positive this week, according to Accern. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. LaSalle Hotel Properties earned a media sentiment score of 0.04 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 47.7568145653869 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- LaSalle Hotel Properties (LHO) Downgraded to Hold at Zacks Investment Research (americanbankingnews.com)
- LaSalle Hotel Properties (LHO) Stock Rating Upgraded by Zacks Investment Research (americanbankingnews.com)
- LaSalle Hotel Properties (LHO) Receives Consensus Rating of “Hold” from Analysts (americanbankingnews.com)
- Financial Contrast: MGM Growth Properties (MGP) & LaSalle Hotel Properties (LHO) (americanbankingnews.com)
LaSalle Hotel Properties (LHO) opened at $30.02 on Friday. The company has a quick ratio of 3.22, a current ratio of 3.22 and a debt-to-equity ratio of 0.45. LaSalle Hotel Properties has a one year low of $27.44 and a one year high of $31.87. The firm has a market cap of $3,400.00, a P/E ratio of 18.53, a price-to-earnings-growth ratio of 2.53 and a beta of 1.11.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.00%. The ex-dividend date was Thursday, December 28th. LaSalle Hotel Properties’s dividend payout ratio is presently 111.11%.
A number of brokerages recently issued reports on LHO. Zacks Investment Research cut shares of LaSalle Hotel Properties from a “buy” rating to a “hold” rating in a report on Thursday. Boenning Scattergood restated a “hold” rating on shares of LaSalle Hotel Properties in a report on Monday, October 23rd. TheStreet cut shares of LaSalle Hotel Properties from a “b” rating to a “c+” rating in a report on Friday, October 20th. Stifel Nicolaus restated a “hold” rating on shares of LaSalle Hotel Properties in a report on Tuesday, October 17th. Finally, ValuEngine cut shares of LaSalle Hotel Properties from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Eight investment analysts have rated the stock with a sell rating and ten have given a hold rating to the company. LaSalle Hotel Properties has an average rating of “Hold” and a consensus target price of $27.83.
In other news, COO Alfred L. Young sold 17,750 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $28.28, for a total value of $501,970.00. Following the sale, the chief operating officer now owns 88,808 shares of the company’s stock, valued at $2,511,490.24. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.38% of the company’s stock.
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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