LaSalle Hotel Properties (NYSE:LHO) had its price objective cut by research analysts at Morgan Stanley from $29.00 to $27.00 in a report released on Monday. The firm presently has an “equal weight” rating on the real estate investment trust’s stock. Morgan Stanley’s price target suggests a potential downside of 5.33% from the company’s current price.

A number of other equities analysts also recently commented on LHO. Boenning Scattergood reaffirmed a “hold” rating on shares of LaSalle Hotel Properties in a research note on Monday. Stifel Nicolaus reaffirmed a “hold” rating on shares of LaSalle Hotel Properties in a research note on Tuesday, October 17th. Zacks Investment Research upgraded shares of LaSalle Hotel Properties from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Goldman Sachs Group, Inc. (The) cut shares of LaSalle Hotel Properties from a “neutral” rating to a “sell” rating and dropped their price target for the company from $25.00 to $24.00 in a research report on Wednesday, August 2nd. Finally, BidaskClub cut shares of LaSalle Hotel Properties from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the stock. LaSalle Hotel Properties presently has a consensus rating of “Hold” and an average price target of $29.41.

Shares of LaSalle Hotel Properties (LHO) traded down 1.09% during trading on Monday, reaching $28.21. 496,104 shares of the company traded hands. The stock has a market capitalization of $3.19 billion, a PE ratio of 10.49 and a beta of 1.18. The firm has a 50 day moving average of $29.16 and a 200 day moving average of $29.21. 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 issued 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 analysts’ expectations of $295.02 million. During the same period last year, the firm earned $0.84 earnings per share. LaSalle Hotel Properties’s revenue for the quarter was down 12.5% on a year-over-year basis. On average, equities analysts predict that LaSalle Hotel Properties will post $1.80 EPS for the current year.

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Hedge funds have recently made changes to their positions in the stock. First Mercantile Trust Co. grew its holdings 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 valued at $113,000 after purchasing an additional 70 shares in the last quarter. Ffcm LLC grew its holdings in shares of LaSalle Hotel Properties by 150.1% in the second quarter. Ffcm LLC now owns 4,074 shares of the real estate investment trust’s stock valued at $125,000 after purchasing an additional 2,445 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of LaSalle Hotel Properties by 14.9% in the second quarter. IFP Advisors Inc now owns 4,577 shares of the real estate investment trust’s stock valued at $136,000 after purchasing an additional 592 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in shares of LaSalle Hotel Properties in the first quarter valued at approximately $178,000. Finally, World Asset Management Inc acquired a new position in shares of LaSalle Hotel Properties in the second quarter valued at approximately $214,000.

About LaSalle Hotel Properties

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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