Analyst Rating Update on LaSalle Hotel Properties (LHO)

LaSalle Hotel Properties (NYSE:LHO) has an average broker rating of 3.14, which is interpreted as a Hold, as rated by 14 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 11 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 2 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

LaSalle Hotel Properties (NYSE:LHO) : Average target price received by LaSalle Hotel Properties (NYSE:LHO) is $24.6 with an expected standard deviation of $4.01. The most aggressive target on the stock is $30, whereas the most downbeat target is $15. 10 financial analysts are currently covering the stock.

Company shares have received an average consensus rating of Hold for the current week

LaSalle Hotel Properties (NYSE:LHO): stock turned positive on Tuesday. Though the stock opened at $21.68, the bulls momentum made the stock top out at $22.5 level for the day. The stock recorded a low of $21.56 and closed the trading day at $22.22, in the green by 3.06%. The total traded volume for the day was 1,698,802. The stock had closed at $21.56 in the previous days trading.

In an insider trading activity,The director of Lasalle Hotel Properties, Mccalmont William S sold 2,091 shares at $24.1 on May 2, 2016. The Insider selling transaction had a total value worth of $50,393. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Lasalle Hotel Properties is a self-managed and self-administered real estate investment trust (REIT). The Company buys, owns, redevelops and leases upscale and luxury full-service hotels located in convention, resort and urban business markets. As of December 31, 2014, the Company owned interests in 45 hotels with approximately 11,300 guest rooms located in 10 states and the District of Columbia. LaSalle Hotel Lessee, Inc. (LHL) is the Companys wholly owned REIT subsidiary. Its hotels are leased to LHL that provides for rental payments. The Companys assets are held by, and all of its operations are conducted through, LaSalle Hotel Operating Partnership, L.P. (the Operating Partnership). The Company is the sole general partner of the Operating Partnership.

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