LaSalle Hotel Properties (NYSE:LHO) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

Other equities research analysts also recently issued reports about the stock. Zacks Investment Research raised shares of LaSalle Hotel Properties from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Friday, August 10th. Barclays reaffirmed a “hold” rating and set a $39.00 target price on shares of LaSalle Hotel Properties in a research note on Sunday, September 9th. Finally, JPMorgan Chase & Co. upped their target price 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 investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the company’s stock. LaSalle Hotel Properties has a consensus rating of “Hold” and an average price target of $29.54.

Shares of LHO opened at $31.76 on Friday. LaSalle Hotel Properties has a fifty-two week low of $24.10 and a fifty-two week high of $36.13. The company has a market cap of $3.82 billion, a P/E ratio of 12.86, a price-to-earnings-growth ratio of 3.03 and a beta of 1.07. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.46.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Hsbc Holdings PLC grew its holdings in LaSalle Hotel Properties by 13.5% during the 1st quarter. Hsbc Holdings PLC now owns 15,833 shares of the real estate investment trust’s stock worth $459,000 after acquiring an additional 1,881 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of LaSalle Hotel Properties by 1.9% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 113,222 shares of the real estate investment trust’s stock valued at $3,876,000 after buying an additional 2,090 shares in the last quarter. Mutual of America Capital Management LLC boosted its holdings in shares of LaSalle Hotel Properties by 2.5% in the 2nd quarter. Mutual of America Capital Management LLC now owns 94,906 shares of the real estate investment trust’s stock valued at $3,249,000 after buying an additional 2,311 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in shares of LaSalle Hotel Properties by 1.7% in the 1st 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 buying an additional 2,421 shares in the last quarter. Finally, OppenheimerFunds Inc. boosted its holdings in shares of LaSalle Hotel Properties by 3.1% in the 2nd quarter. OppenheimerFunds Inc. now owns 81,368 shares of the real estate investment trust’s stock valued at $2,785,000 after buying an additional 2,480 shares in the last quarter. Institutional investors own 97.90% 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.

Further Reading: Book Value Of Equity Per Share – BVPS Explained

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Analyst Recommendations for LaSalle Hotel Properties (NYSE:LHO)

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