LaSalle Hotel Properties (NYSE:LHO) has received a consensus rating of “Hold” from the eighteen analysts that are presently covering the firm. One equities research analyst has rated the stock with a sell recommendation, fourteen have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $26.81.

Several equities research analysts have recently commented on the stock. Barclays PLC set a $27.00 target price on shares of LaSalle Hotel Properties and gave the company a “sell” rating in a research note on Tuesday, February 14th. Zacks Investment Research downgraded shares of LaSalle Hotel Properties from a “buy” rating to a “hold” rating in a research note on Tuesday, February 14th. Canaccord Genuity restated a “hold” rating and issued a $28.00 target price on shares of LaSalle Hotel Properties in a research note on Tuesday, February 14th. Raymond James Financial, Inc. upgraded shares of LaSalle Hotel Properties from a “market perform” rating to an “outperform” rating and set a $33.00 target price on the stock in a research note on Monday, January 9th. Finally, Stifel Nicolaus boosted their target price on shares of LaSalle Hotel Properties from $26.00 to $28.50 and gave the company a “hold” rating in a research note on Friday, January 6th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LHO. Wells Fargo & Company MN boosted its position in LaSalle Hotel Properties by 19.4% in the third quarter. Wells Fargo & Company MN now owns 1,233,378 shares of the real estate investment trust’s stock worth $29,441,000 after buying an additional 200,318 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its position in LaSalle Hotel Properties by 167.8% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 280,678 shares of the real estate investment trust’s stock worth $6,699,000 after buying an additional 175,869 shares in the last quarter. California Public Employees Retirement System boosted its position in LaSalle Hotel Properties by 1.7% in the third quarter. California Public Employees Retirement System now owns 311,459 shares of the real estate investment trust’s stock worth $7,434,000 after buying an additional 5,300 shares in the last quarter. Nationwide Fund Advisors boosted its position in LaSalle Hotel Properties by 125.8% in the third quarter. Nationwide Fund Advisors now owns 613,257 shares of the real estate investment trust’s stock worth $14,638,000 after buying an additional 341,702 shares in the last quarter. Finally, Breton Hill Capital Ltd. boosted its position in LaSalle Hotel Properties by 19.3% in the third quarter. Breton Hill Capital Ltd. now owns 35,253 shares of the real estate investment trust’s stock worth $841,000 after buying an additional 5,708 shares in the last quarter.

LaSalle Hotel Properties (NYSE:LHO) opened at 29.54 on Thursday. LaSalle Hotel Properties has a 52-week low of $21.56 and a 52-week high of $31.87. The company has a market cap of $3.34 billion, a price-to-earnings ratio of 14.27 and a beta of 1.17. The stock’s 50 day moving average is $29.70 and its 200 day moving average is $27.75.

LaSalle Hotel Properties (NYSE:LHO) last posted its quarterly earnings results on Wednesday, February 22nd. The real estate investment trust reported $0.62 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.62. LaSalle Hotel Properties had a net margin of 20.49% and a return on equity of 10.61%. The firm had revenue of $289.50 million for the quarter, compared to the consensus estimate of $286.22 million. During the same quarter in the previous year, the company earned $0.67 earnings per share. The business’s revenue was down 1.8% compared to the same quarter last year. Equities research analysts forecast that LaSalle Hotel Properties will post $1.03 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 17th. Investors of record on Friday, March 31st will be issued a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, March 29th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.09%. LaSalle Hotel Properties’s dividend payout ratio is 86.12%.

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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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