LaSalle Hotel Properties Price Target Increased to $36.00 by Analysts at MLV Capital (LHO)
Stock analysts at MLV Capital boosted their price target on shares of LaSalle Hotel Properties (NYSE:LHO) from $34.00 to $36.00 in a report issued on Friday, AnalystRatings.Net reports. The firm currently has a “buy” rating on the stock. MLV Capital’s price objective would suggest a potential upside of 19.28% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at ISI Group raised their price target on shares of LaSalle Hotel Properties to $33.00 in a research note on Thursday. Analysts at Ned Davis Research downgraded shares of LaSalle Hotel Properties from a “neutral” rating to a “sell” rating in a research note on Monday, February 10th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $30.81.
Shares of LaSalle Hotel Properties (NYSE:LHO) traded up 0.17% on Friday, hitting $30.23. 732,335 shares of the company’s stock traded hands. LaSalle Hotel Properties has a one year low of $22.84 and a one year high of $32.21. The stock’s 50-day moving average is $30. and its 200-day moving average is $29.71. The company has a market cap of $2.910 billion and a price-to-earnings ratio of 42.75.
LaSalle Hotel Properties (NYSE:LHO) last released its earnings data on Wednesday, February 19th. The company reported $0.55 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.55. Analysts expect that LaSalle Hotel Properties will post $2.49 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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