LaSalle Hotel Properties (NYSE:LHO) has received an average rating of “Hold” from the seventeen ratings firms that are covering the firm. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $25.27.

Several brokerages have recently weighed in on LHO. Credit Suisse Group AG lowered LaSalle Hotel Properties from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $26.00 to $25.00 in a report on Thursday, July 21st. Zacks Investment Research lowered LaSalle Hotel Properties from a “hold” rating to a “sell” rating in a research report on Thursday, July 21st. Citigroup Inc. reaffirmed a “hold” rating and set a $24.00 target price on shares of LaSalle Hotel Properties in a research report on Wednesday, October 5th. TheStreet raised LaSalle Hotel Properties from a “hold” rating to a “buy” rating in a research report on Monday, July 18th. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a $25.00 target price on shares of LaSalle Hotel Properties in a research report on Thursday, October 20th.

In other LaSalle Hotel Properties news, insider Michael D. Barnello sold 150,000 shares of the company’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $28.49, for a total value of $4,273,500.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.54% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Alpha Windward LLC raised its position in shares of LaSalle Hotel Properties by 12.2% in the second quarter. Alpha Windward LLC now owns 19,574 shares of the real estate investment trust’s stock valued at $462,000 after buying an additional 2,129 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of LaSalle Hotel Properties by 62,385.9% in the second quarter. BNP Paribas Arbitrage SA now owns 53,113 shares of the real estate investment trust’s stock valued at $1,252,000 after buying an additional 53,028 shares during the last quarter. Heitman Real Estate Securities LLC raised its position in shares of LaSalle Hotel Properties by 11.6% in the first quarter. Heitman Real Estate Securities LLC now owns 267,112 shares of the real estate investment trust’s stock valued at $6,761,000 after buying an additional 27,678 shares during the last quarter. Barclays PLC raised its position in shares of LaSalle Hotel Properties by 11.9% in the first quarter. Barclays PLC now owns 84,252 shares of the real estate investment trust’s stock valued at $2,106,000 after buying an additional 8,987 shares during the last quarter. Finally, Amici Capital LLC purchased a new position in shares of LaSalle Hotel Properties during the first quarter valued at $2,541,000.

Shares of LaSalle Hotel Properties (NYSE:LHO) opened at 26.20 on Monday. The firm has a 50-day moving average price of $24.35 and a 200-day moving average price of $24.94. The firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of 12.54 and a beta of 1.14. LaSalle Hotel Properties has a 52 week low of $19.01 and a 52 week high of $29.14.

LaSalle Hotel Properties (NYSE:LHO) last announced its quarterly earnings data on Wednesday, October 19th. The real estate investment trust reported $0.84 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by $0.03. The firm earned $326.90 million during the quarter, compared to analyst estimates of $328.95 million. LaSalle Hotel Properties had a net margin of 20.49% and a return on equity of 10.61%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter last year, the company earned $0.87 EPS. On average, equities analysts expect that LaSalle Hotel Properties will post $2.89 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 17th. Shareholders of record on Friday, September 30th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 6.87%. The ex-dividend date of this dividend was Wednesday, September 28th. LaSalle Hotel Properties’s payout ratio is currently 86.12%.

LaSalle Hotel Properties Company Profile

Lasalle Hotel Properties is a self-administered and self-managed real estate investment trust (REIT). The Company primarily buys, owns, redevelops and leases upscale and luxury hotels located in convention, resort and urban business markets. The Company owns interest in approximately 50 hotels with over 12,000 guest rooms located in approximately 10 states and the District of Columbia.

5 Day Chart for NYSE:LHO

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