LaSalle Hotel Properties (LHO) Given a $30.00 Price Target by Robert W. Baird Analysts
LaSalle Hotel Properties (NYSE:LHO) has been assigned a $30.00 target price by Robert W. Baird in a research report issued to clients and investors on Monday. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. Robert W. Baird’s target price indicates a potential upside of 7.18% from the company’s current price.
Several other analysts have also weighed in on LHO. Boenning Scattergood set a $35.00 target price on shares of LaSalle Hotel Properties and gave the company a “buy” rating in a research note on Tuesday, June 27th. Deutsche Bank AG reduced their price target on shares of LaSalle Hotel Properties from $28.00 to $27.00 and set a “hold” rating for the company in a report on Friday, July 21st. BidaskClub downgraded shares of LaSalle Hotel Properties from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Goldman Sachs Group, Inc. (The) downgraded shares of LaSalle Hotel Properties from a “neutral” rating to a “sell” rating and reduced their price target for the company from $25.00 to $24.00 in a report on Wednesday, August 2nd. Finally, Zacks Investment Research downgraded shares of LaSalle Hotel Properties from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $29.21.
Shares of LaSalle Hotel Properties (NYSE:LHO) traded up 0.72% during mid-day trading on Monday, reaching $27.99. 3,575,690 shares of the company were exchanged. LaSalle Hotel Properties has a 12 month low of $23.05 and a 12 month high of $31.87. The company’s 50-day moving average is $29.14 and its 200 day moving average is $29.21. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of 10.41 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 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.46). LaSalle Hotel Properties had a net margin of 18.10% and a return on equity of 8.31%. The business had revenue of $285.90 million for the quarter, compared to the consensus estimate of $295.02 million. During the same quarter in the previous year, the firm earned $0.84 EPS. The firm’s revenue for the quarter was down 12.5% on a year-over-year basis. Analysts predict that LaSalle Hotel Properties will post $1.65 EPS for the current year.
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Hedge funds have recently bought and sold shares of the stock. First Mercantile Trust Co. lifted its holdings in 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 purchasing an additional 70 shares during the period. Ffcm LLC lifted its holdings in 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 worth $125,000 after purchasing an additional 2,445 shares during the period. IFP Advisors Inc lifted its holdings in 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 worth $136,000 after purchasing an additional 592 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in LaSalle Hotel Properties in the first quarter worth about $178,000. Finally, Fox Run Management L.L.C. acquired a new stake in LaSalle Hotel Properties in the third quarter worth about $212,000.
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).
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