LaSalle Hotel Properties Hits New 1-Year High at $37.07 (LHO)
LaSalle Hotel Properties (NYSE:LHO) hit a new 52-week high on Tuesday , StockRatingsNetwork.com reports. The company traded as high as $37.07 and last traded at $37.00, with a volume of 559,543 shares. The stock had previously closed at $36.55.
Several analysts have recently commented on the stock. Analysts at Cowen and Company raised their price target on shares of LaSalle Hotel Properties from $2.00 to $38.50 in a research note on Monday, July 28th. Separately, analysts at Raymond James reiterated an “outperform” rating on shares of LaSalle Hotel Properties in a research note on Friday, July 25th. They now have a $39.00 price target on the stock, up previously from $37.00. Finally, 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, July 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. LaSalle Hotel Properties presently has a consensus rating of “Hold” and a consensus target price of $35.58.
The stock has a 50-day moving average of $35.75 and a 200-day moving average of $33.58. The company has a market cap of $3.845 billion and a price-to-earnings ratio of 31.11.
LaSalle Hotel Properties (NYSE:LHO) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.82 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.73 earnings per share. The company’s revenue for the quarter was up 18.8% on a year-over-year basis. On average, analysts predict that LaSalle Hotel Properties will post $2.51 earnings per share for the current fiscal year.
Lasalle Hotel Properties is a self-managed and self-administered real estate investment trust (NYSE:LHO).