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

A number of other research analysts have also recently weighed in on the stock. ValuEngine cut shares of LaSalle Hotel Properties from a buy rating to a hold rating in a research note on Friday, October 12th. Barclays restated a hold rating and set a $39.00 price target on shares of LaSalle Hotel Properties in a research note on Sunday, September 9th. JPMorgan Chase & Co. upped their price target on shares of LaSalle Hotel Properties from $29.00 to $30.00 and gave the company a neutral rating in a research note on Friday, August 10th. Finally, Zacks Investment Research upgraded shares of LaSalle Hotel Properties from a hold rating to a buy rating and set a $39.00 price target on the stock in a research note on Friday, August 10th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $30.21.

LHO opened at $32.07 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.86 and a current ratio of 1.86. The stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of 12.98, a P/E/G ratio of 2.81 and a beta of 1.07. LaSalle Hotel Properties has a twelve month low of $24.10 and a twelve month high of $36.13.

LaSalle Hotel Properties (NYSE:LHO) last released its earnings results on Thursday, August 9th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.49). The company had revenue of $304.60 million during 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 firm’s revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.81 earnings per share. As a group, research analysts anticipate that LaSalle Hotel Properties will post 2.31 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in the stock. Meeder Asset Management Inc. increased its holdings in LaSalle Hotel Properties by 1,209.1% during the 2nd quarter. Meeder Asset Management Inc. now owns 3,325 shares of the real estate investment trust’s stock worth $114,000 after acquiring an additional 3,071 shares during the period. Mint Tower Capital Management B.V. bought a new stake in LaSalle Hotel Properties during the 2nd quarter worth approximately $137,000. Qube Research & Technologies Ltd bought a new stake in LaSalle Hotel Properties during the 2nd quarter worth approximately $141,000. Point72 Hong Kong Ltd bought a new stake in LaSalle Hotel Properties during the 2nd quarter worth approximately $149,000. Finally, Dupont Capital Management Corp bought a new stake in LaSalle Hotel Properties during the 2nd quarter worth approximately $183,000. Institutional investors 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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