LaSalle Hotel Properties (NYSE:LHO) has received an average recommendation of “Hold” from the nineteen brokerages that are currently covering the company, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a sell rating and ten have given a hold rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $26.70.
A number of brokerages have recently issued reports on LHO. Zacks Investment Research raised shares of LaSalle Hotel Properties from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research report on Friday, January 26th. Stifel Nicolaus reissued a “hold” rating on shares of LaSalle Hotel Properties in a research report on Tuesday, October 17th. Citigroup downgraded shares of LaSalle Hotel Properties from a “neutral” rating to a “sell” rating and set a $25.00 price objective for the company. in a research report on Thursday, December 14th. Barclays cut their price objective on shares of LaSalle Hotel Properties from $28.00 to $27.00 and set an “underweight” rating for the company in a research report on Monday, October 23rd. Finally, Morgan Stanley cut 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.
In related news, COO Alfred L. Young sold 17,750 shares of LaSalle Hotel Properties 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 transaction, the chief operating officer now owns 88,808 shares in the company, valued at approximately $2,511,490.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.38% of the stock is currently owned by insiders.
Shares of LaSalle Hotel Properties (LHO) opened at $27.47 on Friday. LaSalle Hotel Properties has a 1 year low of $27.44 and a 1 year high of $31.75. The company has a debt-to-equity ratio of 0.45, a quick ratio of 3.22 and a current ratio of 3.22. The stock has a market cap of $3,208.99, a price-to-earnings ratio of 16.96, a PEG ratio of 2.42 and a beta of 1.12.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.55%. The ex-dividend date of this dividend was Thursday, December 28th. LaSalle Hotel Properties’s dividend payout ratio (DPR) is 111.11%.
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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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