Robert W. Baird set a $27.00 price objective on LaSalle Hotel Properties (NYSE:LHO) in a research note issued to investors on Thursday morning. The brokerage currently has a hold rating on the real estate investment trust’s stock.
A number of other research firms also recently issued reports on LHO. Zacks Investment Research raised LaSalle Hotel Properties from a sell rating to a hold rating in a research report on Tuesday, October 31st. ValuEngine downgraded LaSalle Hotel Properties from a buy rating to a hold rating in a research report on Thursday, November 30th. Bank of America downgraded LaSalle Hotel Properties from a neutral rating to an underperform rating in a research report on Monday, January 8th. JPMorgan Chase & Co. cut LaSalle Hotel Properties from a neutral rating to an underweight rating and set a $24.00 price target for the company. in a research report on Thursday, November 16th. Finally, Evercore ISI cut LaSalle Hotel Properties from an in-line rating to an underperform rating and set a $26.00 price target for the company. in a research report on Monday, November 20th. They noted that the move was a valuation call. Eight analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. LaSalle Hotel Properties currently has an average rating of Hold and a consensus target price of $26.73.
Shares of LaSalle Hotel Properties (LHO) opened at $25.01 on Thursday. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.30 and a quick ratio of 3.22. LaSalle Hotel Properties has a 52-week low of $24.10 and a 52-week high of $31.75. The stock has a market capitalization of $2,831.26, a price-to-earnings ratio of 16.35, a price-to-earnings-growth ratio of 2.40 and a beta of 1.12.
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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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