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.
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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).
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