News coverage about LaSalle Hotel Properties (NYSE:LHO) has been trending somewhat positive on Sunday, Accern reports. Accern identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. LaSalle Hotel Properties earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 46.8984419160634 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
- Rhumbline Advisers Has $7.13 Million Holdings in LaSalle Hotel Properties (LHO) (americanbankingnews.com)
- LaSalle Hotel Properties (LHO) Given Average Rating of “Hold” by Analysts (americanbankingnews.com)
- LaSalle Hotel Properties (LHO) Rating Increased to Outperform at Robert W. Baird (americanbankingnews.com)
- Long Pond Capital LP Buys New Position in LaSalle Hotel Properties (LHO) (americanbankingnews.com)
- Royce & Associates LP Has $2.95 Million Stake in LaSalle Hotel Properties (LHO) (americanbankingnews.com)
LaSalle Hotel Properties (LHO) opened at $25.98 on Friday. LaSalle Hotel Properties has a 52 week low of $24.10 and a 52 week high of $31.75. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.30 and a quick ratio of 3.30. The company has a market cap of $2,941.07, a P/E ratio of 16.98, a P/E/G ratio of 2.47 and a beta of 1.28.
LHO has been the topic of several recent research reports. Zacks Investment Research lowered shares of LaSalle Hotel Properties from a “buy” rating to a “hold” rating in a research report on Thursday, January 18th. ValuEngine lowered shares of LaSalle Hotel Properties from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Bank of America lowered shares of LaSalle Hotel Properties from a “neutral” rating to an “underperform” rating in a research report on Monday, January 8th. JPMorgan Chase & Co. lowered shares of LaSalle Hotel Properties from a “neutral” rating to an “underweight” rating and set a $24.00 price objective for the company. in a research note on Thursday, November 16th. Finally, Evercore ISI lowered shares of LaSalle Hotel Properties from an “in-line” rating to an “underperform” rating and set a $26.00 price objective for the company. in a research note on Monday, November 20th. They noted that the move was a valuation call. Nine equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $26.73.
In related news, CEO Michael D. Barnello bought 19,398 shares of the firm’s stock in a transaction on Friday, March 2nd. The stock was bought at an average price of $24.65 per share, with a total value of $478,160.70. Following the purchase, the chief executive officer now directly owns 183,221 shares of the company’s stock, valued at approximately $4,516,397.65. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.38% of the company’s stock.
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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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