LaSalle Hotel Properties (NYSE:LHO)‘s stock had its “hold” rating restated by Stifel Nicolaus in a report issued on Monday. They currently have a $30.50 price target on the real estate investment trust’s stock. Stifel Nicolaus’ target price would indicate a potential downside of 0.68% from the stock’s previous close.

Several other research analysts have also commented on LHO. Bank of America lowered LaSalle Hotel Properties from a “neutral” rating to an “underperform” rating in a research report on Monday, January 8th. Zacks Investment Research raised LaSalle Hotel Properties from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research report on Tuesday, January 9th. ValuEngine lowered LaSalle Hotel Properties from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Boenning Scattergood reissued a “sell” rating on shares of LaSalle Hotel Properties in a research report on Thursday, February 22nd. Finally, Deutsche Bank cut their price objective on LaSalle Hotel Properties from $28.00 to $24.00 and set a “hold” rating on the stock in a research report on Thursday, February 22nd. Eight research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $27.35.

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NYSE:LHO traded up $0.77 during mid-day trading on Monday, hitting $30.71. The company had a trading volume of 1,655,115 shares, compared to its average volume of 2,211,422. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.30 and a quick ratio of 3.30. LaSalle Hotel Properties has a 1 year low of $24.10 and a 1 year high of $31.75. The firm has a market capitalization of $3,389.36, a PE ratio of 12.43, a price-to-earnings-growth ratio of 2.85 and a beta of 1.11.

LaSalle Hotel Properties (NYSE:LHO) last released its quarterly earnings data on Tuesday, February 20th. The real estate investment trust reported $0.14 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.39). LaSalle Hotel Properties had a net margin of 17.65% and a return on equity of 8.11%. The company had revenue of $257.51 million during the quarter, compared to analysts’ expectations of $261.42 million. equities analysts anticipate that LaSalle Hotel Properties will post 2.1 EPS for the current year.

In other LaSalle Hotel Properties news, CEO Michael D. Barnello bought 19,398 shares of the company’s stock in a transaction dated Friday, March 2nd. The shares were acquired at an average cost of $24.65 per share, with a total value of $478,160.70. Following the completion of the transaction, the chief executive officer now owns 183,221 shares in the company, valued at $4,516,397.65. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.43% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in LHO. Dimensional Fund Advisors LP increased its position in shares of LaSalle Hotel Properties by 3.8% during the third quarter. Dimensional Fund Advisors LP now owns 1,711,804 shares of the real estate investment trust’s stock worth $49,676,000 after acquiring an additional 61,926 shares during the last quarter. Allianz Asset Management GmbH grew its stake in LaSalle Hotel Properties by 1.1% in the third quarter. Allianz Asset Management GmbH now owns 196,065 shares of the real estate investment trust’s stock worth $5,690,000 after purchasing an additional 2,164 shares in the last quarter. Royce & Associates LP acquired a new position in LaSalle Hotel Properties in the third quarter worth about $798,000. Cubist Systematic Strategies LLC acquired a new position in LaSalle Hotel Properties in the third quarter worth about $601,000. Finally, Ladenburg Thalmann Financial Services Inc. grew its stake in LaSalle Hotel Properties by 58.1% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,766 shares of the real estate investment trust’s stock worth $312,000 after purchasing an additional 3,956 shares in the last quarter.

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LaSalle Hotel Properties Company Profile

LaSalle Hotel Properties is a leading multi-operator real estate investment trust. The Company owns 41 properties, which are upscale, full-service hotels, totaling approximately 10,400 guest rooms in 11 markets in seven states and the District of Columbia. The Company focuses on owning, redeveloping and repositioning upscale, full-service hotels located in urban, resort and convention markets.

Analyst Recommendations for LaSalle Hotel Properties (NYSE:LHO)

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