LaSalle Hotel Properties Downgraded by S&P Equity Research to “Hold” (LHO)
LaSalle Hotel Properties (NYSE:LHO) was downgraded by equities researchers at S&P Equity Research from a “buy” rating to a “hold” rating in a research report issued on Friday. They currently have a $38.00 price target on the stock, up from their previous price target of $36.00. S&P Equity Research’s target price would indicate a potential upside of 6.92% from the stock’s previous close.
Shares of LaSalle Hotel Properties (NYSE:LHO) opened at 35.54 on Friday. LaSalle Hotel Properties has a 52 week low of $24.34 and a 52 week high of $36.60. The stock’s 50-day moving average is $33.66 and its 200-day moving average is $31.95. The company has a market cap of $3.698 billion and a price-to-earnings ratio of 51.06.
LaSalle Hotel Properties (NYSE:LHO) last announced its earnings results on Wednesday, April 23rd. The company reported $0.32 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. Analysts expect that LaSalle Hotel Properties will post $2.50 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on LHO. Analysts at MLV & Co
downgraded shares of LaSalle Hotel Properties from a “buy” rating to a “hold” rating in a research note on Thursday. They now have a $38.00 price target on the stock, up previously from $36.00. Separately, analysts at Stifel Nicolaus upgraded shares of LaSalle Hotel Properties from a “hold” rating to a “buy” rating in a research note on Monday. They now have a $37.00 price target on the stock. Finally, analysts at Raymond James reiterated an “outperform” rating on shares of LaSalle Hotel Properties in a research note on Tuesday, June 10th. They now have a $37.00 price target on the stock, up previously from $35.00. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $34.12.
Lasalle Hotel Properties is a self-managed and self-administered real estate investment trust (NYSE:LHO).
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