LaSalle Hotel Properties Reaches New 12-Month High at $29.52 (LHO)
LaSalle Hotel Properties (NYSE:LHO)’s share price reached a new 52-week high on Monday, Analyst Ratings Network.com reports. The company traded as high as $29.52 and last traded at $29.14, with a volume of 380,281 shares traded. The stock had previously closed at $28.83.
A number of research firms have recently commented on LHO. Analysts at RBC Capital raised their price target on shares of LaSalle Hotel Properties (NYSE:LHO) from $28.00 to $30.00 in a research note to investors on Monday, July 22nd. They now have a “sector perform” rating on the stock. Separately, analysts at SunTrust raised their price target on shares of LaSalle Hotel Properties (NYSE:LHO) from $28.00 to $29.00 in a research note to investors on Friday, July 19th. Finally, analysts at Raymond James raised their price target on shares of LaSalle Hotel Properties (NYSE:LHO) from $28.00 to $29.00 in a research note to investors on Friday, July 19th.
One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. LaSalle Hotel Properties has a consensus rating of “Hold” and a consensus target price of $28.19.
LaSalle Hotel Properties has a 52 week low of $22.33 and a 52 week high of $29.52. The stock has a 50-day moving average of $27.22 and a 200-day moving average of $26.16. The company has a market cap of $2.804 billion and a P/E ratio of 41.13.
LaSalle Hotel Properties (NYSE:LHO) last released its earnings data on Thursday, July 18th. The company reported $0.73 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.72 by $0.01. The company had revenue of $263.60 million for the quarter, compared to the consensus estimate of $259.26 million. During the same quarter in the prior year, the company posted $0.72 earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis. On average, analysts predict that LaSalle Hotel Properties will post $2.21 earnings per share for the current fiscal year.
Lasalle Hotel Properties is a self-managed and self-administered real estate investment trust (NYSE:LHO).
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