LaSalle Hotel Properties (LHO) : Zacks Investment Research ranks LaSalle Hotel Properties (LHO) as 4, which is a Sell recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 10 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 13 research analysts is 3.15, which indicates as a Hold.
LaSalle Hotel Properties (LHO) : Average target price received by LaSalle Hotel Properties (LHO) is $25.3 with an expected standard deviation of $4.06. 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): The stock opened at $28.01 on Thursday but the bulls could not build on the opening and the stock topped out at $28.07 for the day. The stock traded down to $27.57 during the day, due to lack of any buying support eventually closed down at $27.77 with a loss of -0.11% for the day. The stock had closed at $27.80 on the previous day. The total traded volume was 1,087,440 shares.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP and COO) of Lasalle Hotel Properties, Young Alfred L. had sold 17,000 shares worth of $477,870 in a transaction dated July 26, 2016. In this transaction, 17,000 shares were sold at $28.11 per share.
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.