Headlines about LaSalle Hotel Properties (NYSE:LHO) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. LaSalle Hotel Properties earned a news impact score of 0.04 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 47.1011996037572 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the headlines that may have impacted Accern’s rankings:

LHO has been the topic of several research reports. Wells Fargo & Co lowered their target price on LaSalle Hotel Properties from $30.00 to $29.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 24th. Zacks Investment Research upgraded LaSalle Hotel Properties from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. JPMorgan Chase & Co. lowered LaSalle Hotel Properties from a “neutral” rating to an “underweight” rating and set a $24.00 target price on the stock. in a research note on Thursday, November 16th. Citigroup lowered their target price on LaSalle Hotel Properties from $29.00 to $26.50 and set a “neutral” rating on the stock in a research note on Wednesday, October 25th. Finally, Bank of America lowered LaSalle Hotel Properties from a “neutral” rating to an “underperform” rating in a research note on Monday. Eight equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $27.83.

LaSalle Hotel Properties (LHO) traded up $0.09 during trading hours on Wednesday, hitting $28.39. The company had a trading volume of 1,078,441 shares, compared to its average volume of 1,064,714. The company has a debt-to-equity ratio of 0.45, a quick ratio of 3.22 and a current ratio of 3.22. LaSalle Hotel Properties has a 12 month low of $27.44 and a 12 month high of $31.87. The company has a market cap of $3,210.00, a price-to-earnings ratio of 17.52, a price-to-earnings-growth ratio of 2.42 and a beta of 1.11.

LaSalle Hotel Properties (NYSE:LHO) last released its quarterly earnings data on Thursday, October 19th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $285.90 million for the quarter, compared to the consensus estimate of $295.02 million. During the same quarter in the previous year, the firm posted $0.84 earnings per share. The business’s revenue for the quarter was down 12.5% compared to the same quarter last year. sell-side analysts predict that LaSalle Hotel Properties will post 2.46 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be paid a dividend of $0.45 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.34%. LaSalle Hotel Properties’s payout ratio is 111.11%.

In related news, COO Alfred L. Young sold 17,750 shares of the business’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $28.28, for a total transaction of $501,970.00. Following the sale, the chief operating officer now directly owns 88,808 shares in the company, valued at approximately $2,511,490.24. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.38% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “LaSalle Hotel Properties (LHO) Given Coverage Optimism Score of 0.04” was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another website, it was illegally stolen and reposted in violation of US & international copyright & trademark laws. The correct version of this piece can be read at https://www.thecerbatgem.com/2018/01/11/lasalle-hotel-properties-lho-given-coverage-optimism-score-of-0-04.html.

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).

Insider Buying and Selling by Quarter for LaSalle Hotel Properties (NYSE:LHO)

Receive News & Ratings for LaSalle Hotel Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LaSalle Hotel Properties and related companies with MarketBeat.com's FREE daily email newsletter.