LaSalle Hotel Properties (NYSE:LHO) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 3.14 by 14 Brokerage Firm. 1 Wall Street Firms have rated the stock as a strong buys. 11 Brokerage Firms have advised hold. 2 Analysts have rated it as strong sell.
Other Equity analysts have also commented on the company shares. Equity analysts at the Brokerage firm Stifel Nicolaus assumes its rating on LaSalle Hotel Properties (NYSE:LHO). The rating major has initiated the coverage with hold rating on the shares. The rating by the firm was issued on March 29, 2016.
LaSalle Hotel Properties (NYSE:LHO): 10 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $24.6 in LaSalle Hotel Properties (NYSE:LHO). However, the stock price could fluctuate by $ 4.01 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $30 price target with the lower price estimate is calculated at $15
LaSalle Hotel Properties (NYSE:LHO) rose 0.34% or 0.08 points on Tuesday and made its way into the gainers of the day. After trading began at $23.76 the stock was seen hitting $23.935 as a peak level and $23.59 as the lowest level. The stock ended up at $23.75. The daily volume was measured at 1,256,747 shares. The 52-week high of the share price is $38.46 and the 52-week low is $19.0089. The company has a market cap of $2,685 million.
Shares of LaSalle Hotel Properties rose by 6.22% in the last five trading days and 7.37% for the last 4 weeks. LaSalle Hotel Properties has dropped 4.34% during the last 3-month period . Year-to-Date the stock performance stands at -3.89%.
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.