Brokerage Firm Rating Update on LaSalle Hotel Properties (LHO)

LaSalle Hotel Properties (LHO) : The consensus on LaSalle Hotel Properties (LHO) based on 13 analyst recommendation on the company stock is 3.15, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 10 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

LaSalle Hotel Properties (LHO) : Currently there are 10 street experts covering LaSalle Hotel Properties (LHO) stock. The most bullish and bearish price target for the stock is $30 and $17 respectively for the short term. The average price target of all the analysts comes to $25.5. The estimated standard deviation from the target is $3.5.


Company shares have received an average consensus rating of Hold for the current week Also, BTIG Research initiates coverage on LaSalle Hotel Properties (NYSE:LHO) . Analysts at the BTIG Research have a current rating of Neutral on the shares. The rating by the firm was issued on August 25, 2016.

LaSalle Hotel Properties (NYSE:LHO): stock was range-bound between the intraday low of $26.15 and the intraday high of $26.5 after having opened at $26.36 on Wednesdays session. The stock finally closed in the red at $26.36, a loss of -0.04%. The stock remained in the red for the whole trading day. The total traded volume was 1,651,530 shares. The stock failed to cross $26.5 in Wednesdays trading. The stocks closing price on Thursday was $26.36.

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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