Impact of Brokerage Rating on LaSalle Hotel Properties(LHO)

Many LaSalle Hotel Properties(LHO) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Company shares were Reiterated by Stifel on Jan 6, 2017 to Hold, Raises Price Target to $ 28.50 from a previous price target of $26 .LaSalle Hotel Properties was Initiated by Instinet on Dec 14, 2016 to Neutral, Price Target of the shares are set at $31.LaSalle Hotel Properties was Downgraded by Wells Fargo to Market Perform on Dec 13, 2016.

Company has reported several Insider transactions to the SEC, on Dec 8, 2016, Leonard Darryl Hartley (director) sold 10,000 shares at 29.78 per share price.On Aug 29, 2016, Michael D Barnello (President and CEO) sold 150,000 shares at 28.58 per share price.On Jul 27, 2016, Alfred L. Young (EVP and COO) sold 17,000 shares at 28.11 per share price.

LaSalle Hotel Properties Last issued its quarterly earnings results on Oct 19, 2016. The company reported $0.84 EPS for the quarter, missing the analyst consensus estimate by $ -0.03. Analyst had a consensus of $0.87. The company had revenue of $326.94 million for the quarter, compared to analysts expectations of $328.85 million. The companys revenue was down -.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.87 EPS.

LaSalle Hotel Properties (NYSE:LHO) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 3.09 by 11 Brokerage Firm. 1 stock experts have also suggested a buy rating. 9 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell.

LaSalle Hotel Properties (NYSE:LHO) shares are expected to touch $27 in the short term. This short term price target has been shared by 12 analysts. However, the standard deviation of short term price estimate has been valued at 4.02. The target price could hit $33 on the higher end and $17 on the lower end.

LaSalle Hotel Properties (NYSE:LHO) witnessed a decline in the market cap on Tuesday as its shares dropped 0.03% or 0.01 points. After the session commenced at $30.61, the stock reached the higher end at $30.82 while it hit a low of $30.32. With the volume soaring to 1,026,210 shares, the last trade was called at $30.77. The company has a 52-week high of $31.87. The company has a market cap of $3,664 million and there are 119,087,443 shares in outstanding. The 52-week low of the share price is $21.56.

Lasalle Hotel Properties, which intends to operate as a real estate investment trust for federal income tax purposes, has been formed to own hotel properties and to continue and expand the hotel investment activities of LaSalle Partners Incorporated and certain of its affiliates collectively, LaSalle. LaSalle is an institutionally respected real estate services and investment firm which has extensive experience in the acquisition, investment management, finance, development and disposition of hotel properties.


Share this post

Leave a Reply