LaSalle Hotel Properties (NYSE:LHO)‘s stock had its “hold” rating restated by Boenning Scattergood in a report released on Monday.

The analysts wrote, “We are lowering estimates for both 4Q17 and FY2018, suggesting that the company’s 2018 dividend is uncovered by AFFO without meaningful share repurchases.””

A number of other research analysts also recently commented on the company. Deutsche Bank AG reduced their target price on LaSalle Hotel Properties from $28.00 to $27.00 and set a “hold” rating on the stock in a report on Friday, July 21st. Robert W. Baird set a $31.00 target price on LaSalle Hotel Properties and gave the stock a “hold” rating in a report on Friday, August 25th. Zacks Investment Research downgraded LaSalle Hotel Properties from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. BidaskClub downgraded LaSalle Hotel Properties from a “hold” rating to a “sell” rating in a report on Friday, August 25th. Finally, Goldman Sachs Group, Inc. (The) downgraded LaSalle Hotel Properties from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $25.00 to $24.00 in a report on Wednesday, August 2nd. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $28.86.

LaSalle Hotel Properties (NYSE:LHO) opened at 28.52 on Monday. LaSalle Hotel Properties has a 52-week low of $23.05 and a 52-week high of $31.87. The firm’s 50-day moving average price is $29.16 and its 200 day moving average price is $29.21. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of 10.61 and a beta of 1.18.

LaSalle Hotel Properties (NYSE:LHO) last released its earnings results on Thursday, October 19th. The real estate investment trust reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.46). LaSalle Hotel Properties had a return on equity of 8.27% and a net margin of 18.10%. The firm had revenue of $285.90 million for the quarter, compared to the consensus estimate of $295.02 million. During the same period in the prior year, the business earned $0.84 EPS. The company’s quarterly revenue was down 12.5% on a year-over-year basis. On average, equities research analysts forecast that LaSalle Hotel Properties will post $1.80 EPS for the current year.

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Institutional investors and hedge funds have recently bought and sold shares of the stock. First Mercantile Trust Co. increased its position in LaSalle Hotel Properties by 1.9% in the 2nd quarter. First Mercantile Trust Co. now owns 3,790 shares of the real estate investment trust’s stock valued at $113,000 after acquiring an additional 70 shares during the period. Ffcm LLC increased its position in LaSalle Hotel Properties by 150.1% in the 2nd quarter. Ffcm LLC now owns 4,074 shares of the real estate investment trust’s stock valued at $125,000 after acquiring an additional 2,445 shares during the period. IFP Advisors Inc increased its position in LaSalle Hotel Properties by 14.9% in the 2nd quarter. IFP Advisors Inc now owns 4,577 shares of the real estate investment trust’s stock valued at $136,000 after acquiring an additional 592 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in LaSalle Hotel Properties in the 1st quarter valued at approximately $178,000. Finally, World Asset Management Inc acquired a new stake in LaSalle Hotel Properties in the 2nd quarter valued at approximately $214,000.

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)

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