LaSalle Hotel Properties Receives “Outperform” Rating from Raymond James (LHO)
LaSalle Hotel Properties (NYSE:LHO)‘s stock had its “outperform” rating reiterated by investment analysts at Raymond James in a report issued on Tuesday. They currently have a $37.00 price target on the stock, up from their previous price target of $35.00. Raymond James’ price objective indicates a potential upside of 7.46% from the company’s current price.
Shares of LaSalle Hotel Properties (NYSE:LHO) traded down 1.22% during mid-day trading on Tuesday, hitting $34.01. The stock had a trading volume of 138,345 shares. LaSalle Hotel Properties has a 52 week low of $22.84 and a 52 week high of $34.67. The stock has a 50-day moving average of $32.84 and a 200-day moving average of $31.58. The company has a market cap of $3.539 billion and a P/E ratio of 49.47.
LaSalle Hotel Properties (NYSE:LHO) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.32 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.30 by $0.02. The company had revenue of $218.86 million for the quarter, compared to the consensus estimate of $214.35 million. During the same quarter last year, the company posted $0.27 earnings per share. LaSalle Hotel Properties’s revenue was up 14.2% compared to the same quarter last year. Analysts expect that LaSalle Hotel Properties will post $2.49 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on LHO. Analysts at Cowen and Company raised their price target on shares of LaSalle Hotel Properties from $1.50 to $36.50 in a research note on Wednesday, April 30th. They now have an “outperform” rating on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of LaSalle Hotel Properties from $32.00 to $33.00 in a research note on Monday, April 28th. Finally, analysts at Stifel Nicolaus raised their price target on shares of LaSalle Hotel Properties from $33.00 to $37.00 in a research note on Thursday, April 24th. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $33.63.
Lasalle Hotel Properties is a self-managed and self-administered real estate investment trust (NYSE:LHO).
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