Barclays reiterated their hold rating on shares of LaSalle Hotel Properties (NYSE:LHO) in a report issued on Sunday. They currently have a $39.00 target price on the real estate investment trust’s stock.

LHO has been the subject of a number of other reports. JPMorgan Chase & Co. upped their target price on shares of LaSalle Hotel Properties from $29.00 to $30.00 and gave the company a neutral rating in a report on Friday, August 10th. Zacks Investment Research raised shares of LaSalle Hotel Properties from a hold rating to a buy rating and set a $39.00 target price for the company in a report on Friday, August 10th. ValuEngine raised shares of LaSalle Hotel Properties from a hold rating to a buy rating in a report on Monday, July 2nd. BTIG Research raised shares of LaSalle Hotel Properties from a neutral rating to a buy rating in a report on Thursday, May 31st. Finally, Robert W. Baird cut shares of LaSalle Hotel Properties from an outperform rating to a neutral rating in a report on Tuesday, May 22nd. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $29.54.

Shares of LHO opened at $34.12 on Friday. LaSalle Hotel Properties has a 1-year low of $24.10 and a 1-year high of $36.13. The firm has a market capitalization of $3.84 billion, a P/E ratio of 13.81 and a beta of 1.09. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.86 and a quick ratio of 1.86.

LaSalle Hotel Properties (NYSE:LHO) last announced its quarterly earnings results on Thursday, August 9th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.49). LaSalle Hotel Properties had a net margin of 7.08% and a return on equity of 3.31%. The company had revenue of $304.60 million during the quarter, compared to analysts’ expectations of $300.86 million. During the same period last year, the firm earned $0.81 earnings per share. LaSalle Hotel Properties’s revenue was down .8% on a year-over-year basis. sell-side analysts predict that LaSalle Hotel Properties will post 2.28 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in the company. Meeder Asset Management Inc. raised its holdings in LaSalle Hotel Properties by 1,209.1% during the second quarter. Meeder Asset Management Inc. now owns 3,325 shares of the real estate investment trust’s stock worth $114,000 after purchasing an additional 3,071 shares in the last quarter. Mint Tower Capital Management B.V. purchased a new position in LaSalle Hotel Properties during the second quarter worth about $137,000. Qube Research & Technologies Ltd purchased a new position in LaSalle Hotel Properties during the second quarter worth about $141,000. Point72 Hong Kong Ltd purchased a new position in LaSalle Hotel Properties during the second quarter worth about $149,000. Finally, Dupont Capital Management Corp purchased a new position in LaSalle Hotel Properties during the second quarter worth about $183,000. 97.91% of the stock is owned by institutional investors and hedge funds.

About LaSalle Hotel Properties

LaSalle Hotel Properties is a leading multi-operator real estate investment trust. The Company owns 41 properties, which are upscale, full-service hotels, totaling 10,452 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.

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Analyst Recommendations for LaSalle Hotel Properties (NYSE:LHO)

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