LaSalle Hotel Properties (LHO) : 14 analysts are covering LaSalle Hotel Properties (LHO) and their average rating on the stock is 3.14, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 2 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 11 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
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 $24.6 and the expected standard deviation is $4.01.
Company shares have received an average consensus rating of Hold for the current week
LaSalle Hotel Properties (NYSE:LHO): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $25.14 and $25.06 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $25.60. The buying momentum continued till the end and the stock did not give up its gains. It closed at $25.52, notching a gain of 2.65% for the day. The total traded volume was 1,992,084 . The stock had closed at $24.86 on the previous day.
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.