Equities research analysts at Goldman Sachs Group Inc initiated coverage on shares of LaSalle Hotel Properties (NYSE:LHO) in a research note issued to investors on Monday. The brokerage set a “neutral” rating and a $27.00 price target on the real estate investment trust’s stock. Goldman Sachs Group Inc’s price objective would indicate a potential downside of 5.10% from the stock’s previous close.
Several other equities analysts also recently weighed in on LHO. Wells Fargo & Co downgraded LaSalle Hotel Properties from an “outperform” rating to a “market perform” rating in a research report on Tuesday, December 13th. Instinet started coverage on LaSalle Hotel Properties in a research report on Wednesday, December 14th. They set a “neutral” rating and a $31.00 price target for the company. Nomura began coverage on LaSalle Hotel Properties in a research report on Wednesday, December 14th. They set a “neutral” rating and a $31.00 price target for the company. Zacks Investment Research downgraded LaSalle Hotel Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, December 21st. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a $28.00 price objective (up previously from $25.00) on shares of LaSalle Hotel Properties in a research report on Friday, December 23rd. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $27.39.
LaSalle Hotel Properties (NYSE:LHO) traded up 0.49% during trading on Monday, reaching $28.59. The company had a trading volume of 55,742 shares. LaSalle Hotel Properties has a 12 month low of $21.56 and a 12 month high of $31.87. The firm’s 50 day moving average is $29.45 and its 200-day moving average is $27.79. The company has a market capitalization of $3.23 billion, a P/E ratio of 13.81 and a beta of 1.17.
LaSalle Hotel Properties (NYSE:LHO) last released its quarterly earnings results on Wednesday, February 22nd. The real estate investment trust reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.63 by $0.01. The company had revenue of $289.50 million for the quarter, compared to analysts’ expectations of $286.22 million. LaSalle Hotel Properties had a return on equity of 10.61% and a net margin of 20.49%. The business’s quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.67 EPS. On average, equities analysts expect that LaSalle Hotel Properties will post $1.01 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 17th. Investors of record on Friday, March 31st will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 6.33%. The ex-dividend date of this dividend is Wednesday, March 29th. LaSalle Hotel Properties’s dividend payout ratio (DPR) is 86.12%.
WARNING: This report was first reported by sleekmoney and is owned by of sleekmoney. If you are accessing this report on another website, it was stolen and republished in violation of United States & international trademark and copyright legislation. The legal version of this report can be viewed at http://sleekmoney.com/lasalle-hotel-properties-lho-receives-new-coverage-from-analysts-at-goldman-sachs-group-inc/1733369.html.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in LHO. LS Investment Advisors LLC boosted its position in LaSalle Hotel Properties by 5.7% in the third quarter. LS Investment Advisors LLC now owns 7,154 shares of the real estate investment trust’s stock valued at $171,000 after buying an additional 388 shares during the period. Systematic Financial Management LP boosted its position in LaSalle Hotel Properties by 0.6% in the fourth quarter. Systematic Financial Management LP now owns 65,930 shares of the real estate investment trust’s stock valued at $2,009,000 after buying an additional 420 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in LaSalle Hotel Properties by 1.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 36,789 shares of the real estate investment trust’s stock valued at $878,000 after buying an additional 424 shares during the period. Moors & Cabot Inc. boosted its position in LaSalle Hotel Properties by 4.7% in the third quarter. Moors & Cabot Inc. now owns 11,669 shares of the real estate investment trust’s stock valued at $279,000 after buying an additional 519 shares during the period. Finally, Tower Research Capital LLC TRC boosted its position in LaSalle Hotel Properties by 8.3% in the third quarter. Tower Research Capital LLC TRC now owns 8,056 shares of the real estate investment trust’s stock valued at $192,000 after buying an additional 618 shares during the period.
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).
This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/lasalle-hotel-properties-lho-receives-new-coverage-from-analysts-at-goldman-sachs-group-inc/1733369.html
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.