Stifel Nicolaus Lowers LaSalle Hotel Properties (LHO) Price Target to $25.50

LaSalle Hotel Properties (NYSE:LHO) had its target price cut by analysts at Stifel Nicolaus from $28.50 to $25.50 in a note issued to investors on Wednesday. The firm presently has a “hold” rating on the real estate investment trust’s stock. Stifel Nicolaus’ price target points to a potential upside of 2.99% from the stock’s current price.

A number of other research analysts have also recently commented on LHO. Wells Fargo & Co cut their price target on shares of LaSalle Hotel Properties from $30.00 to $29.00 and set a “market perform” rating on the stock in a report on Tuesday, October 24th. Zacks Investment Research cut shares of LaSalle Hotel Properties from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Citigroup cut their price target on shares of LaSalle Hotel Properties from $29.00 to $26.50 and set a “neutral” rating on the stock in a report on Wednesday, October 25th. UBS Group cut shares of LaSalle Hotel Properties from an “outperform” rating to a “market perform” rating in a report on Monday, October 30th. Finally, Raymond James Financial restated a “market perform” rating on shares of LaSalle Hotel Properties in a report on Monday, October 30th. Eight investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $26.79.

LaSalle Hotel Properties (LHO) opened at $24.76 on Wednesday. The company has a quick ratio of 3.22, a current ratio of 3.30 and a debt-to-equity ratio of 0.45. The company has a market cap of $2,872.01, a PE ratio of 10.27, a PEG ratio of 2.45 and a beta of 1.12. LaSalle Hotel Properties has a 1-year low of $24.10 and a 1-year high of $31.75.

A number of institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp grew its holdings in LaSalle Hotel Properties by 54.7% during the 4th quarter. Bank of New York Mellon Corp now owns 6,417,138 shares of the real estate investment trust’s stock worth $180,130,000 after acquiring an additional 2,269,602 shares in the last quarter. Long Pond Capital LP bought a new position in LaSalle Hotel Properties during the 4th quarter worth about $162,260,000. Principal Financial Group Inc. grew its holdings in LaSalle Hotel Properties by 1.2% during the 3rd quarter. Principal Financial Group Inc. now owns 2,483,070 shares of the real estate investment trust’s stock worth $72,059,000 after acquiring an additional 29,861 shares in the last quarter. Wells Fargo & Company MN grew its holdings in LaSalle Hotel Properties by 4.2% during the 4th quarter. Wells Fargo & Company MN now owns 1,933,890 shares of the real estate investment trust’s stock worth $54,284,000 after acquiring an additional 78,768 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in LaSalle Hotel Properties by 3.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,711,804 shares of the real estate investment trust’s stock worth $49,676,000 after acquiring an additional 61,926 shares in the last quarter.

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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).

Analyst Recommendations for LaSalle Hotel Properties (NYSE:LHO)

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