LaSalle Hotel Properties Rating Reiterated by FBR Capital Markets (LHO)
LaSalle Hotel Properties (NYSE:LHO)‘s stock had its “outperform” rating restated by equities research analysts at FBR Capital Markets in a research note issued to investors on Friday, AnalystRatings.NET reports. They currently have a $35.00 target price on the stock, up from their previous target price of $33.00. FBR Capital Markets’ price objective would suggest a potential upside of 14.94% from the stock’s previous close.
A number of other analysts have also recently weighed in on LHO. 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. Separately, 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. Finally, 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. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. LaSalle Hotel Properties presently has a consensus rating of “Hold” and an average price target of $29.36.
Shares of LaSalle Hotel Properties (NYSE:LHO) opened at 30.45 on Friday. LaSalle Hotel Properties has a one year low of $22.33 and a one year high of $31.06. The stock has a 50-day moving average of $28.37 and a 200-day moving average of $26.70. The company has a market cap of $2.931 billion and a price-to-earnings ratio of 43.44.
LaSalle Hotel Properties (NYSE:LHO) last issued its quarterly earnings data on Thursday, October 17th. The company reported $0.76 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.68 earnings per share. The company’s quarterly revenue was up 13.9% on a year-over-year basis. Analysts expect that LaSalle Hotel Properties will post $2.24 EPS 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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