LaSalle Hotel Properties (LHO) has been rated by 10 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $30 and the lowest price target forecast is $15. The average forecast of all the analysts is $25.3 and the expected standard deviation is $4.06.
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.
Also, BTIG Research initiates coverage on LaSalle Hotel Properties (NYSE:LHO) The current rating of the shares is Neutral. The rating by the firm was issued on August 25, 2016.
LaSalle Hotel Properties (NYSE:LHO): The stock opened at $28.02 on Thursday but the bulls could not build on the opening and the stock topped out at $28.12 for the day. The stock traded down to $26.87 during the day, due to lack of any buying support eventually closed down at $27.01 with a loss of -3.74% for the day. The stock had closed at $28.06 on the previous day. The total traded volume was 4,029,858 shares.
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.