Deutsche Bank set a $32.00 price target on LaSalle Hotel Properties (NYSE:LHO) in a research report released on Friday morning. The firm currently has a hold rating on the real estate investment trust’s stock.

A number of other analysts have also issued reports on the stock. Zacks Investment Research lowered shares of LaSalle Hotel Properties from a buy rating to a hold rating in a research note on Tuesday, July 24th. Barclays restated a hold rating and issued a $39.00 price target on shares of LaSalle Hotel Properties in a research note on Sunday, September 9th. ValuEngine upgraded shares of LaSalle Hotel Properties from a hold rating to a buy rating in a research note on Monday, July 2nd. Finally, JPMorgan Chase & Co. lifted their price target on shares of LaSalle Hotel Properties from $29.00 to $30.00 and gave the stock a neutral rating in a research note on Friday, August 10th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $30.21.

Shares of LHO traded up $0.45 during mid-day trading on Friday, reaching $32.07. 4,243,588 shares of the stock traded hands, compared to its average volume of 1,587,192. The firm has a market capitalization of $3.49 billion, a P/E ratio of 12.98, a P/E/G ratio of 2.77 and a beta of 1.07. LaSalle Hotel Properties has a 12-month low of $24.10 and a 12-month high of $36.13. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.46.

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

Several large investors have recently modified their holdings of LHO. New York State Common Retirement Fund increased its stake in LaSalle Hotel Properties by 1.7% during the first quarter. New York State Common Retirement Fund now owns 143,390 shares of the real estate investment trust’s stock valued at $4,160,000 after purchasing an additional 2,421 shares during the last quarter. Northwestern Mutual Investment Management Company LLC increased its stake in LaSalle Hotel Properties by 56.2% during the first quarter. Northwestern Mutual Investment Management Company LLC now owns 23,167 shares of the real estate investment trust’s stock valued at $672,000 after purchasing an additional 8,339 shares during the last quarter. UBS Group AG increased its stake in LaSalle Hotel Properties by 138.7% during the first quarter. UBS Group AG now owns 142,130 shares of the real estate investment trust’s stock valued at $4,123,000 after purchasing an additional 82,584 shares during the last quarter. Guggenheim Capital LLC increased its stake in LaSalle Hotel Properties by 1.5% during the first quarter. Guggenheim Capital LLC now owns 376,564 shares of the real estate investment trust’s stock valued at $10,924,000 after purchasing an additional 5,588 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. increased its stake in LaSalle Hotel Properties by 50.9% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 166,924 shares of the real estate investment trust’s stock valued at $4,842,000 after purchasing an additional 56,338 shares during the last quarter. Institutional investors and hedge funds own 97.89% of the company’s stock.

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 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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