J P Morgan Chase & Co downgraded shares of LaSalle Hotel Properties (NYSE:LHO) from a neutral rating to an underweight rating in a report issued on Thursday. J P Morgan Chase & Co currently has $24.00 price objective on the real estate investment trust’s stock.

Several other research firms also recently issued reports on LHO. Zacks Investment Research raised shares of LaSalle Hotel Properties from a sell rating to a hold rating in a research report on Tuesday, October 31st. Robert W. Baird set a $31.00 price target on shares of LaSalle Hotel Properties and gave the company a hold rating in a research report on Sunday, October 1st. Boenning Scattergood reissued a hold rating on shares of LaSalle Hotel Properties in a research report on Monday, October 23rd. Wells Fargo & Company reduced their price target on shares of LaSalle Hotel Properties from $30.00 to $29.00 and set a market perform rating for the company in a research report on Tuesday, October 24th. Finally, BidaskClub downgraded shares of LaSalle Hotel Properties from a hold rating to a sell rating in a research report on Friday, August 25th. Four equities research analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company. The company currently has a consensus rating of Hold and an average target price of $28.64.

LaSalle Hotel Properties (NYSE:LHO) traded down $0.21 during midday trading on Thursday, reaching $28.18. 804,315 shares of the company traded hands, compared to its average volume of 1,284,205. LaSalle Hotel Properties has a twelve month low of $26.82 and a twelve month high of $31.87. The company has a current ratio of 3.22, a quick ratio of 3.22 and a debt-to-equity ratio of 0.45. The firm has a market cap of $3,207.86, a P/E ratio of 11.07, a P/E/G ratio of 2.30 and a beta of 1.12.

LaSalle Hotel Properties (NYSE:LHO) last posted its quarterly earnings results on Thursday, October 19th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.46). LaSalle Hotel Properties had a net margin of 18.10% and a return on equity of 8.31%. The business had revenue of $285.90 million during the quarter, compared to analyst estimates of $295.02 million. During the same period in the previous year, the business posted $0.84 EPS. The business’s revenue for the quarter was down 12.5% compared to the same quarter last year. sell-side analysts anticipate that LaSalle Hotel Properties will post 2.46 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Mercantile Trust Co. raised its stake in shares of LaSalle Hotel Properties by 1.9% during the 2nd quarter. First Mercantile Trust Co. now owns 3,790 shares of the real estate investment trust’s stock worth $113,000 after purchasing an additional 70 shares during the period. Ffcm LLC raised its stake in shares of LaSalle Hotel Properties by 150.1% during the 2nd quarter. Ffcm LLC now owns 4,074 shares of the real estate investment trust’s stock worth $125,000 after purchasing an additional 2,445 shares during the period. IFP Advisors Inc raised its stake in shares of LaSalle Hotel Properties by 14.9% during the 2nd quarter. IFP Advisors Inc now owns 4,577 shares of the real estate investment trust’s stock worth $136,000 after purchasing an additional 592 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of LaSalle Hotel Properties during the 3rd quarter worth $174,000. Finally, Fox Run Management L.L.C. bought a new stake in shares of LaSalle Hotel Properties during the 3rd quarter worth $212,000.

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).

Analyst Recommendations for LaSalle Hotel Properties (NYSE:LHO)

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