LaSalle Hotel Properties (LHO) Given Average Rating of “Hold” by Brokerages

LaSalle Hotel Properties (NYSE:LHO) has received a consensus rating of “Hold” from the nineteen ratings firms that are currently covering the firm, MarketBeat reports. Eight analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $25.59.

A number of research analysts recently commented on LHO shares. Citigroup lowered shares of LaSalle Hotel Properties from a “neutral” rating to a “sell” rating and set a $25.00 price target on the stock. in a research note on Thursday, December 14th. Stifel Nicolaus decreased their price target on shares of LaSalle Hotel Properties from $28.50 to $25.50 and set a “hold” rating on the stock in a research note on Wednesday, February 21st. Boenning Scattergood lowered shares of LaSalle Hotel Properties from a “neutral” rating to an “under perform” rating in a research note on Friday, December 8th. Zacks Investment Research lowered shares of LaSalle Hotel Properties from a “buy” rating to a “hold” rating in a research note on Saturday, January 27th. Finally, ValuEngine lowered shares of LaSalle Hotel Properties from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd.

In other LaSalle Hotel Properties news, CEO Michael D. Barnello bought 19,398 shares of the firm’s stock in a transaction on Friday, March 2nd. The shares were purchased at an average price of $24.65 per share, for a total transaction of $478,160.70. Following the transaction, the chief executive officer now directly owns 183,221 shares in the company, valued at approximately $4,516,397.65. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.38% of the company’s stock.

Several large investors have recently made changes to their positions in LHO. Assetmark Inc. grew its position in shares of LaSalle Hotel Properties by 4,082.5% during the 4th quarter. Assetmark Inc. now owns 4,057 shares of the real estate investment trust’s stock worth $114,000 after purchasing an additional 3,960 shares in the last quarter. Xact Kapitalforvaltning AB acquired a new position in shares of LaSalle Hotel Properties during the 4th quarter worth approximately $267,000. Elkfork Partners LLC acquired a new position in shares of LaSalle Hotel Properties during the 4th quarter worth approximately $285,000. Ladenburg Thalmann Financial Services Inc. grew its position in shares of LaSalle Hotel Properties by 58.1% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,766 shares of the real estate investment trust’s stock worth $312,000 after purchasing an additional 3,956 shares in the last quarter. Finally, Eqis Capital Management Inc. grew its position in shares of LaSalle Hotel Properties by 27.1% during the 4th quarter. Eqis Capital Management Inc. now owns 11,810 shares of the real estate investment trust’s stock worth $332,000 after purchasing an additional 2,521 shares in the last quarter.

Shares of LaSalle Hotel Properties stock traded down $0.30 during trading on Friday, hitting $29.37. 1,186,848 shares of the stock were exchanged, compared to its average volume of 2,368,123. LaSalle Hotel Properties has a 1-year low of $24.10 and a 1-year high of $31.75. The firm has a market capitalization of $3,358.79, a PE ratio of 11.89, a P/E/G ratio of 2.82 and a beta of 1.12. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.30 and a quick ratio of 3.30.

LaSalle Hotel Properties (NYSE:LHO) last announced its quarterly earnings results on Tuesday, February 20th. The real estate investment trust reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.39). LaSalle Hotel Properties had a net margin of 17.65% and a return on equity of 8.11%. The company had revenue of $257.51 million during the quarter, compared to analyst estimates of $261.42 million. analysts expect that LaSalle Hotel Properties will post 2.1 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Thursday, March 29th will be given a dividend of $0.45 per share. The ex-dividend date is Wednesday, March 28th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.13%. LaSalle Hotel Properties’s payout ratio is presently 72.87%.

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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 approximately 10,400 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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