LaSalle Hotel Properties Given New $35.00 Price Target at Cowen and Company (LHO)
Stock analysts at Cowen and Company upped their price target on shares of LaSalle Hotel Properties (NYSE:LHO) from $31.00 to $35.00 in a report issued on Friday, American Banking News.com reports. Cowen and Company’s price target would suggest a potential upside of 14.60% from the stock’s previous close.
A number of other firms have also recently commented on LHO. Analysts at FBR Capital Markets reiterated an “outperform” rating on shares of LaSalle Hotel Properties in a research note to investors on Friday. They now have a $35.00 price target on the stock, up previously from $33.00. Separately, analysts at MLV Capital raised their price target on shares of LaSalle Hotel Properties from $31.00 to $36.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Finally, 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. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $30.00.
Shares of LaSalle Hotel Properties (NYSE:LHO) traded up 0.30% during mid-day trading on Friday, hitting $30.54. 1,041,299 shares of the company’s stock traded hands. LaSalle Hotel Properties has a one year low of $22.33 and a one year high of $31.06. The stock’s 50-day moving average is $28.48 and its 200-day moving average is $26.7. The company has a market cap of $2.940 billion and a price-to-earnings ratio of 43.44.
LaSalle Hotel Properties (NYSE:LHO) last announced its earnings results 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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