LaSalle Hotel Properties (LHO) Receiving Somewhat Positive News Coverage, Study Finds
Press coverage about LaSalle Hotel Properties (NYSE:LHO) has been trending somewhat positive on Saturday, according to Accern. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. LaSalle Hotel Properties earned a coverage optimism score of 0.24 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 45.9562805712034 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
A number of equities research analysts have weighed in on the company. Zacks Investment Research raised LaSalle Hotel Properties from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a report on Friday, January 26th. Stifel Nicolaus reissued a “hold” rating on shares of LaSalle Hotel Properties in a report on Tuesday, October 17th. Raymond James Financial reissued a “market perform” rating on shares of LaSalle Hotel Properties in a report on Monday, October 30th. Wells Fargo & Co reduced their target price on LaSalle Hotel Properties from $30.00 to $29.00 and set a “market perform” rating on the stock in a report on Tuesday, October 24th. Finally, Boenning Scattergood reissued a “hold” rating on shares of LaSalle Hotel Properties in a report on Monday, October 23rd. Eight equities research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. LaSalle Hotel Properties presently has a consensus rating of “Hold” and an average target price of $28.00.
LaSalle Hotel Properties (LHO) opened at $28.67 on Friday. LaSalle Hotel Properties has a 1-year low of $27.44 and a 1-year high of $31.75. The company has a current ratio of 3.22, a quick ratio of 3.22 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $3,110.48, a price-to-earnings ratio of 17.70, a price-to-earnings-growth ratio of 2.35 and a beta of 1.12.
In other LaSalle Hotel Properties news, COO Alfred L. Young sold 17,750 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $28.28, for a total transaction of $501,970.00. Following the transaction, the chief operating officer now owns 88,808 shares of the company’s stock, valued at approximately $2,511,490.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.38% of the stock is currently owned by corporate insiders.
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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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