LaSalle Hotel Properties (LHO) Lowered to C+ at TheStreet
LaSalle Hotel Properties (NYSE:LHO) was downgraded by equities research analysts at TheStreet from a “b” rating to a “c+” rating in a report issued on Friday.
Several other equities analysts have also recently issued reports on LHO. Boenning Scattergood set a $35.00 price objective on LaSalle Hotel Properties and gave the company a “buy” rating in a research report on Tuesday, June 27th. Deutsche Bank AG lowered their price target 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. BidaskClub cut LaSalle Hotel Properties from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Goldman Sachs Group, Inc. (The) cut LaSalle Hotel Properties from a “neutral” rating to a “sell” rating and lowered their price target for the company from $25.00 to $24.00 in a report on Wednesday, August 2nd. Finally, Robert W. Baird set a $31.00 price target on LaSalle Hotel Properties and gave the company a “hold” rating in a report on Friday, August 25th. Three investment 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. The stock currently has a consensus rating of “Hold” and an average target price of $29.21.
LaSalle Hotel Properties (NYSE:LHO) traded up 0.72% during mid-day trading on Friday, reaching $27.99. The company had a trading volume of 2,592,890 shares. The stock has a 50-day moving average of $29.14 and a 200 day moving average of $29.21. LaSalle Hotel Properties has a 12-month low of $23.05 and a 12-month high of $31.87. The company 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 quarterly earnings data on Thursday, October 19th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.46). The business had revenue of $285.90 million during the quarter, compared to the consensus estimate of $295.02 million. LaSalle Hotel Properties had a net margin of 18.10% and a return on equity of 8.31%. The business’s revenue was down 12.5% compared to the same quarter last year. During the same period last year, the company posted $0.84 earnings per share. On average, analysts expect that LaSalle Hotel Properties will post $1.65 EPS for the current year.
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Large investors have recently bought and sold shares of the company. First Mercantile Trust Co. increased its stake in shares of 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 worth $113,000 after purchasing an additional 70 shares in the last quarter. Ffcm LLC increased its stake in shares of 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 worth $125,000 after purchasing an additional 2,445 shares in the last quarter. IFP Advisors Inc increased its stake in shares of 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 worth $136,000 after purchasing an additional 592 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of LaSalle Hotel Properties in the 1st quarter worth $178,000. Finally, Fox Run Management L.L.C. purchased a new stake in shares of LaSalle Hotel Properties in the 3rd quarter worth $212,000.
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).
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