LaSalle Hotel Properties Given “Outperform” Rating at Raymond James (LHO)
LaSalle Hotel Properties (NYSE:LHO)‘s stock had its “outperform” rating reaffirmed by analysts at Raymond James in a research report issued to clients and investors on Friday. They currently have a $39.00 target price on the stock, up from their previous target price of $37.00. Raymond James’ price target suggests a potential upside of 8.27% from the company’s current price.
A number of other firms have also recently commented on LHO. Analysts at Robert W. Baird raised their price target on shares of LaSalle Hotel Properties from $34.00 to $37.00 in a research note on Wednesday. Separately, analysts at ISI Group initiated coverage on shares of LaSalle Hotel Properties in a research note on Wednesday. They set a “buy” rating and a $38.00 price target on the stock. Finally, analysts at S&P Equity Research downgraded shares of LaSalle Hotel Properties from a “buy” rating to a “hold” rating in a research note on Friday, June 27th. They now have a $38.00 price target on the stock, up previously from $36.00. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. LaSalle Hotel Properties has an average rating of “Hold” and a consensus target price of $35.27.
LaSalle Hotel Properties (NYSE:LHO) traded down 0.63% on Friday, hitting $36.02. 778,547 shares of the company’s stock traded hands. LaSalle Hotel Properties has a one year low of $25.92 and a one year high of $36.91. The stock’s 50-day moving average is $35.43 and its 200-day moving average is $32.6. The company has a market cap of $3.747 billion and a price-to-earnings ratio of 30.85. LaSalle Hotel Properties also was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totalling 4,713,880 shares, a growth of 47.5% from the June 13th total of 3,194,849 shares. Based on an average daily trading volume, of 2,155,358 shares, the days-to-cover ratio is presently 2.2 days. Currently, 4.6% of the shares of the stock are sold short.
LaSalle Hotel Properties (NYSE:LHO) last released its earnings data on Wednesday, July 23rd. The company reported $0.82 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.81 by $0.01. The company had revenue of $313.10 million for the quarter, compared to the consensus estimate of $305.60 million. During the same quarter last year, the company posted $0.73 earnings per share. LaSalle Hotel Properties’s revenue was up 18.8% compared to the same quarter last year. On average, analysts predict that LaSalle Hotel Properties will post $2.50 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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