Shares of LaSalle Hotel Properties (NYSE:LHO) have been given an average recommendation of “Hold” by the nineteen research firms that are currently covering the company, Marketbeat Ratings reports. Eight analysts have rated the stock with a sell recommendation and ten have assigned a hold recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $26.70.

Several equities research analysts have recently issued reports on LHO shares. Morgan Stanley lowered their price objective on shares of LaSalle Hotel Properties from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Monday, October 23rd. JPMorgan Chase & Co. downgraded shares of LaSalle Hotel Properties from a “neutral” rating to an “underweight” rating and set a $24.00 price objective for the company. in a research report on Thursday, November 16th. ValuEngine downgraded shares of LaSalle Hotel Properties from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. UBS Group downgraded shares of LaSalle Hotel Properties from an “outperform” rating to a “market perform” rating in a research report on Monday, October 30th. Finally, Citigroup lowered their price objective on shares of LaSalle Hotel Properties from $29.00 to $26.50 and set a “neutral” rating for the company in a research report on Wednesday, October 25th.

In related news, COO Alfred L. Young sold 17,750 shares of the stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $28.28, for a total transaction of $501,970.00. Following the completion of the transaction, the chief operating officer now owns 88,808 shares in the company, valued at $2,511,490.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.38% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in LHO. Brookfield Asset Management Inc. acquired a new position in LaSalle Hotel Properties during the second quarter worth $72,146,000. Bank of New York Mellon Corp boosted its holdings in LaSalle Hotel Properties by 65.1% during the third quarter. Bank of New York Mellon Corp now owns 4,147,536 shares of the real estate investment trust’s stock worth $120,362,000 after purchasing an additional 1,635,160 shares during the last quarter. Vanguard Group Inc. boosted its holdings in LaSalle Hotel Properties by 4.4% during the second quarter. Vanguard Group Inc. now owns 20,095,440 shares of the real estate investment trust’s stock worth $598,844,000 after purchasing an additional 844,043 shares during the last quarter. BlackRock Inc. boosted its holdings in LaSalle Hotel Properties by 3.2% during the second quarter. BlackRock Inc. now owns 14,874,256 shares of the real estate investment trust’s stock worth $443,254,000 after purchasing an additional 456,149 shares during the last quarter. Finally, Frontier Investment Mgmt Co. acquired a new position in LaSalle Hotel Properties during the second quarter worth $12,445,000.

Shares of LaSalle Hotel Properties (LHO) opened at $28.64 on Monday. The company has a current ratio of 3.22, a quick ratio of 3.22 and a debt-to-equity ratio of 0.45. LaSalle Hotel Properties has a 12-month low of $27.44 and a 12-month high of $31.87. The stock has a market cap of $3,242.96, a price-to-earnings ratio of 17.68, a PEG ratio of 2.45 and a beta of 1.11.

LaSalle Hotel Properties (NYSE:LHO) last issued 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 Thomson Reuters’ consensus estimate of $0.73 by ($0.46). LaSalle Hotel Properties had a return on equity of 8.31% and a net margin of 18.10%. The company 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 company earned $0.84 EPS. The firm’s revenue was down 12.5% on a year-over-year basis. research analysts expect that LaSalle Hotel Properties will post 2.46 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 6.28%. The ex-dividend date is Thursday, December 28th. LaSalle Hotel Properties’s payout ratio is 111.11%.

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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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