LaSalle Hotel Properties (LHO) : Zacks Investment Research ranks LaSalle Hotel Properties (LHO) as 3, which is a Hold 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) : The most positive equity analysts on LaSalle Hotel Properties (LHO) expects the shares to touch $30, whereas, the least positive believes that the stock will trade at $17 in the short term. The company is covered by 10 Wall Street Brokerage Firms. The average price target for shares are $25.5 with an expected fluctuation of $3.5 from the mean.
Also, BTIG Research initiates coverage on LaSalle Hotel Properties (NYSE:LHO). The shares have now been rated Neutral by the stock experts at the ratings house. The rating by the firm was issued on August 25, 2016.
LaSalle Hotel Properties (NYSE:LHO): After opening at $24.84, the stock dipped to an intraday low of $24.64 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $25.16 and the buying power remained strong till the end. The stock closed at $24.93 for the day, a gain of 0.44% for the day session. The total traded volume was 785,904. The stocks close on the previous trading day was $24.82.
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.