Shares of LaSalle Hotel Properties (NYSE:LHO) have been given an average recommendation of “Hold” by the sixteen ratings firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $28.46.

A number of research firms have weighed in on LHO. BidaskClub raised shares of LaSalle Hotel Properties from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Goldman Sachs Group, Inc. (The) lowered shares of LaSalle Hotel Properties from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $25.00 to $24.00 in a research note on Wednesday, August 2nd. Deutsche Bank AG decreased their target price on shares of LaSalle Hotel Properties from $28.00 to $27.00 and set a “hold” rating on the stock in a research note on Friday, July 21st. Boenning Scattergood set a $35.00 target price on shares of LaSalle Hotel Properties and gave the stock a “buy” rating in a research note on Tuesday, June 27th. Finally, Barclays PLC reissued an “underweight” rating and issued a $28.00 target price (up from $27.00) on shares of LaSalle Hotel Properties in a research note on Sunday, April 23rd.

COPYRIGHT VIOLATION WARNING: “LaSalle Hotel Properties (LHO) Receives Average Recommendation of “Hold” from Brokerages” was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another publication, it was illegally copied and reposted in violation of United States & international copyright laws. The original version of this piece of content can be read at https://www.americanbankingnews.com/2017/08/18/lasalle-hotel-properties-lho-receives-average-recommendation-of-hold-from-brokerages.html.

Hedge funds have recently made changes to their positions in the stock. First Mercantile Trust Co. raised its stake in shares of LaSalle Hotel Properties by 1.9% in the second quarter. First Mercantile Trust Co. now owns 3,790 shares of the real estate investment trust’s stock worth $113,000 after buying an additional 70 shares during the last quarter. Tyers Asset Management LLC raised its stake in shares of LaSalle Hotel Properties by 2.2% in the first quarter. Tyers Asset Management LLC now owns 4,004 shares of the real estate investment trust’s stock worth $116,000 after buying an additional 88 shares during the last quarter. Flinton Capital Management LLC raised its stake in shares of LaSalle Hotel Properties by 2.2% in the first quarter. Flinton Capital Management LLC now owns 5,096 shares of the real estate investment trust’s stock worth $148,000 after buying an additional 112 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of LaSalle Hotel Properties by 0.8% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 17,265 shares of the real estate investment trust’s stock worth $500,000 after buying an additional 130 shares during the last quarter. Finally, Neuburgh Advisers LLC raised its stake in shares of LaSalle Hotel Properties by 2.2% in the first quarter. Neuburgh Advisers LLC now owns 6,188 shares of the real estate investment trust’s stock worth $179,000 after buying an additional 136 shares during the last quarter.

Shares of LaSalle Hotel Properties (NYSE LHO) opened at 27.94 on Friday. The company has a 50 day moving average price of $29.37 and a 200-day moving average price of $29.37. The stock has a market capitalization of $3.16 billion, a P/E ratio of 10.39 and a beta of 1.16. LaSalle Hotel Properties has a 52-week low of $23.05 and a 52-week high of $31.87.

LaSalle Hotel Properties (NYSE:LHO) last released its earnings results on Wednesday, July 19th. The real estate investment trust reported $0.81 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.82 by $0.01. LaSalle Hotel Properties had a return on equity of 13.05% and a net margin of 27.85%. The business had revenue of $307.04 million during the quarter, compared to analysts’ expectations of $318.94 million. During the same period last year, the business earned $0.95 earnings per share. The company’s revenue for the quarter was down 12.5% compared to the same quarter last year. On average, analysts predict that LaSalle Hotel Properties will post $1.68 earnings per share for the current fiscal year.

LaSalle Hotel Properties Company Profile

LaSalle Hotel Properties is a self-administered and self-managed real estate investment trust. The Company primarily buys, owns, redevelops and leases upscale and luxury full-service hotels located in convention, resort and urban business markets. As of December 31, 2016, the Company owned interests in 46 hotels with approximately 11,450 guest rooms located in nine states of the United States and the District of Columbia (DC).

Analyst Recommendations for LaSalle Hotel Properties (NYSE:LHO)

Receive News & Ratings for LaSalle Hotel Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LaSalle Hotel Properties and related companies with MarketBeat.com's FREE daily email newsletter.