News coverage about LaSalle Hotel Properties (NYSE:LHO) has trended somewhat positive recently, according to Accern. The research group identifies negative and positive media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. LaSalle Hotel Properties earned a media sentiment score of 0.04 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 47.7568145653869 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Several equities research analysts recently commented on LHO shares. Zacks Investment Research raised LaSalle Hotel Properties from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research note on Tuesday, January 9th. TheStreet lowered LaSalle Hotel Properties from a “b” rating to a “c+” rating in a report on Friday, October 20th. Morgan Stanley reduced their target price on LaSalle Hotel Properties from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Monday, October 23rd. Boenning Scattergood restated a “hold” rating on shares of LaSalle Hotel Properties in a report on Monday, October 23rd. Finally, Stifel Nicolaus restated a “hold” rating on shares of LaSalle Hotel Properties in a report on Tuesday, October 17th. Eight research analysts have rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $28.00.
LaSalle Hotel Properties (LHO) traded up $1.20 on Friday, reaching $28.67. The company had a trading volume of 2,036,950 shares, compared to its average volume of 1,822,751. LaSalle Hotel Properties has a 12-month low of $27.44 and a 12-month high of $31.75. The firm has a market cap of $3,246.36, a price-to-earnings ratio of 17.70, a P/E/G ratio of 2.45 and a beta of 1.12. The company has a current ratio of 3.22, a quick ratio of 3.22 and a debt-to-equity ratio of 0.45.
In other news, COO Alfred L. Young sold 17,750 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $28.28, for a total transaction of $501,970.00. Following the completion of the transaction, the chief operating officer now directly owns 88,808 shares in the company, valued at $2,511,490.24. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.38% of the stock is owned by insiders.
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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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