LaSalle Hotel Properties (LHO) Getting Somewhat Positive Media Coverage, Analysis Shows
News articles about LaSalle Hotel Properties (NYSE:LHO) have trended somewhat positive on Tuesday, Accern reports. The research group ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. LaSalle Hotel Properties earned a coverage optimism score of 0.06 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 46.4779324806886 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news articles that may have effected Accern Sentiment’s rankings:
- LaSalle Hotel Properties (LHO) vs. Hospitality Properties Trust (HPT) Financial Survey (americanbankingnews.com)
- LaSalle Hotel Properties (NYSE:LHO): How Much Growth Is Left In Real Estate? (finance.yahoo.com)
- 4 Yields Up To 7.2% About To Enjoy Tax-Cut Bliss (finance.yahoo.com)
- Analysts Expect LaSalle Hotel Properties (LHO) Will Post Quarterly Sales of $261.46 Million (americanbankingnews.com)
- LaSalle Hotel Properties (LHO) Downgraded by Boenning Scattergood to “Underperform” (americanbankingnews.com)
Shares of LaSalle Hotel Properties (NYSE LHO) traded down $0.06 during trading hours on Tuesday, hitting $28.29. 757,840 shares of the company were exchanged, compared to its average volume of 1,279,629. The company has a current ratio of 3.22, a quick ratio of 3.22 and a debt-to-equity ratio of 0.45. LaSalle Hotel Properties has a 12-month low of $27.44 and a 12-month high of $31.87. The company has a market capitalization of $3,176.15, a price-to-earnings ratio of 10.96, a price-to-earnings-growth ratio of 2.28 and a beta of 1.11.
A number of equities analysts have weighed in on the stock. Stifel Nicolaus reiterated a “hold” rating on shares of LaSalle Hotel Properties in a research report on Tuesday, October 17th. Zacks Investment Research upgraded shares of LaSalle Hotel Properties from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Robert W. Baird set a $31.00 price target on shares of LaSalle Hotel Properties and gave the stock a “hold” rating in a research report on Sunday, October 1st. Barclays dropped their price target on shares of LaSalle Hotel Properties from $28.00 to $27.00 and set an “underweight” rating for the company in a research report on Monday, October 23rd. Finally, Morgan Stanley dropped their price target on shares of LaSalle Hotel Properties from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Monday, October 23rd. Six investment analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $28.47.
In related news, COO Alfred L. Young sold 17,750 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $28.28, for a total transaction of $501,970.00. Following the sale, the chief operating officer now owns 88,808 shares of the company’s stock, valued at $2,511,490.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.38% of the stock is owned by corporate insiders.
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About LaSalle Hotel Properties
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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