Shares of LaSalle Hotel Properties (NYSE:LHO) have earned an average rating of “Hold” from the nineteen ratings firms that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $29.50.
Several equities analysts have recently weighed in on the company. Barclays reissued a “hold” rating and set a $39.00 price target on shares of LaSalle Hotel Properties in a report on Sunday, September 9th. JPMorgan Chase & Co. raised their target price on LaSalle Hotel Properties from $29.00 to $30.00 and gave the stock a “neutral” rating in a report on Friday, August 10th. Zacks Investment Research raised LaSalle Hotel Properties from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Friday, August 10th. ValuEngine raised LaSalle Hotel Properties from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. Finally, BTIG Research raised LaSalle Hotel Properties from a “neutral” rating to a “buy” rating in a report on Thursday, May 31st.
Shares of NYSE LHO traded up $0.22 during midday trading on Friday, hitting $34.35. 1,354,700 shares of the stock traded hands, compared to its average volume of 1,957,701. The stock has a market capitalization of $3.80 billion, a price-to-earnings ratio of 13.91, a PEG ratio of 3.01 and a beta of 1.09. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.86 and a quick ratio of 1.86. LaSalle Hotel Properties has a one year low of $24.10 and a one year high of $36.13.
LaSalle Hotel Properties (NYSE:LHO) last released its quarterly earnings results on Thursday, August 9th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.49). The firm had revenue of $304.60 million for the quarter, compared to the consensus estimate of $300.86 million. LaSalle Hotel Properties had a net margin of 7.08% and a return on equity of 3.31%. LaSalle Hotel Properties’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.81 earnings per share. equities research analysts anticipate that LaSalle Hotel Properties will post 2.28 EPS for the current year.
Institutional investors have recently modified their holdings of the company. Gabelli Funds LLC purchased a new position in shares of LaSalle Hotel Properties during the second quarter valued at about $10,188,000. Capital Fund Management S.A. purchased a new position in LaSalle Hotel Properties in the second quarter worth about $6,609,000. GAM Holding AG purchased a new position in LaSalle Hotel Properties in the second quarter worth about $2,807,000. Meeder Asset Management Inc. grew its position in LaSalle Hotel Properties by 1,209.1% in the second quarter. Meeder Asset Management Inc. now owns 3,325 shares of the real estate investment trust’s stock worth $114,000 after acquiring an additional 3,071 shares in the last quarter. Finally, Paulson & CO. Inc. purchased a new position in LaSalle Hotel Properties in the second quarter worth about $1,232,000. Hedge funds and other institutional investors own 97.90% of the company’s stock.
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 10,452 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.
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