LaSalle Hotel Properties (LHO) Receives Average Recommendation of “Hold” from Analysts

LaSalle Hotel Properties (NYSE:LHO) has earned a consensus recommendation of “Hold” from the eighteen research firms that are currently covering the company. One investment analyst has rated the stock with a sell recommendation, fourteen have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $26.81.

LHO has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of LaSalle Hotel Properties from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research note on Tuesday, January 17th. Stifel Nicolaus increased their price objective 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. Canaccord Genuity reiterated a “hold” rating and set a $28.00 price objective (up from $25.00) on shares of LaSalle Hotel Properties in a research note on Friday, December 23rd. Wells Fargo & Co downgraded shares of LaSalle Hotel Properties from an “outperform” rating to a “market perform” rating in a research note on Tuesday, December 13th. Finally, Nomura initiated coverage on shares of LaSalle Hotel Properties in a research note on Wednesday, December 14th. They set a “neutral” rating and a $31.00 price objective on the stock.

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Shares of LaSalle Hotel Properties (NYSE:LHO) opened at 29.54 on Thursday. The stock has a market cap of $3.34 billion, a P/E ratio of 14.27 and a beta of 1.17. LaSalle Hotel Properties has a one year low of $21.56 and a one year high of $31.87. The stock has a 50 day moving average of $29.70 and a 200 day moving average of $27.75.

LaSalle Hotel Properties (NYSE:LHO) last posted its quarterly earnings data on Wednesday, February 22nd. The real estate investment trust reported $0.62 EPS for the quarter, meeting 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 period in the prior year, the firm posted $0.67 EPS. The firm’s revenue was down 1.8% compared to the same quarter last year. Equities analysts expect that LaSalle Hotel Properties will post $1.03 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 17th. Shareholders of record on Friday, March 31st will be issued a dividend of $0.45 per share. 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 (DPR) is 86.12%.

Hedge funds have recently modified their holdings of the company. Riverhead Capital Management LLC boosted its stake in shares of LaSalle Hotel Properties by 5,013.6% in the third quarter. Riverhead Capital Management LLC now owns 4,500 shares of the real estate investment trust’s stock worth $107,000 after buying an additional 4,412 shares during the period. Tyers Asset Management LLC acquired a new stake in shares of LaSalle Hotel Properties during the fourth quarter worth $119,000. Flinton Capital Management LLC acquired a new stake in shares of LaSalle Hotel Properties during the fourth quarter worth $152,000. LS Investment Advisors LLC boosted its stake in shares of LaSalle Hotel Properties by 5.7% in the third quarter. LS Investment Advisors LLC now owns 7,154 shares of the real estate investment trust’s stock worth $171,000 after buying an additional 388 shares during the period. Finally, Independent Portfolio Consultants Inc. boosted its stake in shares of LaSalle Hotel Properties by 5.0% in the third quarter. Independent Portfolio Consultants Inc. now owns 7,300 shares of the real estate investment trust’s stock worth $174,000 after buying an additional 345 shares during the period.

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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