LaSalle Hotel Properties (LHO) Receives Consensus Rating of “Hold” from Brokerages

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.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of LaSalle Hotel Properties during the 3rd quarter valued at $174,000. Fox Run Management L.L.C. purchased a new position in shares of LaSalle Hotel Properties during the 3rd quarter valued at $212,000. Koch Industries Inc. purchased a new position in shares of LaSalle Hotel Properties during the 2nd quarter valued at $217,000. Flinton Capital Management LLC lifted its stake in shares of LaSalle Hotel Properties by 67.0% during the 2nd quarter. Flinton Capital Management LLC now owns 8,512 shares of the real estate investment trust’s stock valued at $254,000 after buying an additional 3,416 shares in the last quarter. Finally, Shelton Capital Management purchased a new position in shares of LaSalle Hotel Properties during the 2nd quarter valued at $255,000.

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%.

COPYRIGHT VIOLATION NOTICE: This piece was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of US & international copyright and trademark legislation. The correct version of this piece can be read at https://www.americanbankingnews.com/2018/02/09/lasalle-hotel-properties-lho-receives-consensus-rating-of-hold-from-brokerages.html.

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).

Analyst Recommendations for LaSalle Hotel Properties (NYSE:LHO)

Receive News & Ratings for LaSalle Hotel Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LaSalle Hotel Properties and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply