LaSalle Hotel Properties (LHO) Rating Reiterated by Stifel Nicolaus

LaSalle Hotel Properties (NYSE:LHO)‘s stock had its “hold” rating restated by equities research analysts at Stifel Nicolaus in a research report issued to clients and investors on Monday. They presently have a $30.50 price objective on the real estate investment trust’s stock. Stifel Nicolaus’ price objective would indicate a potential downside of 2.34% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of LaSalle Hotel Properties from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research note on Tuesday, January 9th. ValuEngine upgraded shares of LaSalle Hotel Properties from a “hold” rating to a “buy” rating in a research note on Wednesday, March 28th. Robert W. Baird set a $30.00 target price on shares of LaSalle Hotel Properties and gave the company a “buy” rating in a research note on Tuesday, April 3rd. Morgan Stanley reiterated an “equal weight” rating and issued a $24.00 target price (down previously from $27.00) on shares of LaSalle Hotel Properties in a research note on Thursday, February 22nd. Finally, Deutsche Bank reduced their target price on shares of LaSalle Hotel Properties from $28.00 to $24.00 and set a “hold” rating for the company in a research note on Thursday, February 22nd. Eight investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $27.35.

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LHO stock opened at $31.23 on Monday. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.30 and a quick ratio of 3.30. LaSalle Hotel Properties has a 52-week low of $24.10 and a 52-week high of $31.75. The stock has a market cap of $3,389.36, a price-to-earnings ratio of 12.64, a PEG ratio of 2.85 and a beta of 1.11.



LaSalle Hotel Properties (NYSE:LHO) last released its earnings results on Tuesday, February 20th. The real estate investment trust reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.39). LaSalle Hotel Properties had a net margin of 17.65% and a return on equity of 8.11%. The company had revenue of $257.51 million during the quarter, compared to the consensus estimate of $261.42 million. equities analysts anticipate that LaSalle Hotel Properties will post 2.1 EPS for the current fiscal year.

In other LaSalle Hotel Properties news, CEO Michael D. Barnello purchased 19,398 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The stock was purchased at an average price of $24.65 per share, with a total value of $478,160.70. Following the completion of the transaction, the chief executive officer now directly owns 183,221 shares of the company’s stock, valued at approximately $4,516,397.65. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.43% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Assetmark Inc. raised its position in LaSalle Hotel Properties by 4,082.5% in the fourth quarter. Assetmark Inc. now owns 4,057 shares of the real estate investment trust’s stock worth $114,000 after purchasing an additional 3,960 shares in the last quarter. Xact Kapitalforvaltning AB acquired a new position in LaSalle Hotel Properties in the fourth quarter worth about $267,000. Elkfork Partners LLC acquired a new position in LaSalle Hotel Properties in the fourth quarter worth about $285,000. Ladenburg Thalmann Financial Services Inc. raised its position in LaSalle Hotel Properties by 58.1% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,766 shares of the real estate investment trust’s stock worth $312,000 after purchasing an additional 3,956 shares in the last quarter. Finally, Eqis Capital Management Inc. increased its holdings in shares of LaSalle Hotel Properties by 27.1% during the fourth quarter. Eqis Capital Management Inc. now owns 11,810 shares of the real estate investment trust’s stock worth $332,000 after buying an additional 2,521 shares in the last quarter.

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About LaSalle Hotel Properties

LaSalle Hotel Properties is a leading multi-operator real estate investment trust. The Company owns 41 properties, which are upscale, full-service hotels, totaling approximately 10,400 guest rooms in 11 markets in seven states and the District of Columbia. The Company focuses on owning, redeveloping and repositioning upscale, full-service hotels located in urban, resort and convention markets.

Analyst Recommendations for LaSalle Hotel Properties (NYSE:LHO)

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