LaSalle Hotel Properties COO Unloads $370,900 in Stock (LHO)
LaSalle Hotel Properties (NYSE:LHO) COO Alfred L. Young sold 10,000 shares of LaSalle Hotel Properties stock on the open market in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $37.09, for a total transaction of $370,900.00. Following the sale, the chief operating officer now directly owns 60,696 shares in the company, valued at approximately $2,251,215. The sale was disclosed in a legal filing with the SEC, which is available at this link.
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 analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. LaSalle Hotel Properties currently has a consensus rating of “Hold” and a consensus target price of $35.58.
Shares of LaSalle Hotel Properties (NYSE:LHO) traded down 0.65% on Thursday, hitting $36.57. The stock had a trading volume of 519,488 shares. LaSalle Hotel Properties has a one year low of $26.54 and a one year high of $37.33. The stock has a 50-day moving average of $35.82 and a 200-day moving average of $33.76. The company has a market cap of $3.806 billion and a price-to-earnings ratio of 31.33.
LaSalle Hotel Properties (NYSE:LHO) last released its 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).
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