Deutsche Bank Analysts Give LaSalle Hotel Properties (LHO) a $32.00 Price Target
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.
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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