LaSalle Hotel Properties Sets New 1-Year High at $31.06 (LHO)
LaSalle Hotel Properties (NYSE:LHO)’s share price reached a new 52-week high on Thursday, Analyst Ratings Net reports. The company traded as high as $31.06 and last traded at $30.07, with a volume of 1,721,190 shares traded. The stock had previously closed at $29.03.
A number of research firms have recently commented on LHO. Analysts at ISI Group downgraded shares of LaSalle Hotel Properties from a “buy” rating to a “neutral” rating in a research note to investors on Monday. Separately, analysts at Zacks upgraded shares of LaSalle Hotel Properties from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, October 11th. They now have a $30.50 price target on the stock. Finally, analysts at Morgan Stanley initiated coverage on shares of LaSalle Hotel Properties in a research note to investors on Thursday, October 10th. They set an “underweight” rating and a $28.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $28.50.
LaSalle Hotel Properties has a one year low of $22.33 and a one year high of $30.04. The stock’s 50-day moving average is $28.27 and its 200-day moving average is $26.67. The company has a market cap of $2.931 billion and a P/E ratio of 41.41.
LaSalle Hotel Properties (NYSE:LHO) last released its earnings data on Thursday, October 17th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.08. The company had revenue of $270.00 million for the quarter, compared to the consensus estimate of $256.64 million. During the same quarter in the previous year, the company posted $0.68 earnings per share. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. On average, analysts predict that LaSalle Hotel Properties will post $2.24 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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