Janney Capital: “Time To Neu

Share

How Janney Capital Currently Rates LaSalle Hotel Properties (NYSE:LHO)

Analysts at Janney Capital initiated coverage for shares of LaSalle Hotel Properties (NYSE:LHO) in a comprehensive report issued on 2 December. The brokerage set a Neutral rating on the $3.21 billion market cap firm.

From a total of 17 analysts covering LaSalle Hotel Properties (NYSE:LHO) stock, 3 rate it a ”Buy”, 1 a “Sell”, and 14 a ”Hold”. This means that 17% of the ratings are positive. The highest target price is $37 while the lowest target price is $25.75. The mean of all analyst targets is $31.96 with a 15.24% above today’s ($28.29) stock price. LaSalle Hotel Properties was the topic of 24 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on October 28 with “Sector Perform” rating. Canaccord Genuity maintained shares with “Hold” rating and $32 target share price in a report from an October 26. Raymond James downgraded LHO stock in a recent report from October 26 to “Mkt Perform” rating. Credit Suisse downgraded the rating on October 23. Credit Suisse has a “Neutral” rating and a $31 price target on shares. Finally, Evercore downgraded the stock to “Hold” rating in a report issued on an October 26.

The stock increased 0.28% or $0.08 during the last trading session, striking $28.29. Approximately shares of stock traded hands. LaSalle Hotel Properties (NYSE:LHO) has declined 24.84% since April 29, 2015 and is downtrending. It has underperformed by 24.64% the S&P500.

Janney Capital: “Time To Neutral LaSalle Hotel Properties (NYSE:LHO)”

Lasalle Hotel Properties is a self-managed and self-administered real estate investment trust . The company has a market cap of $3.21 billion. The Firm buys, owns, redevelops and leases upscale and luxury full-service hotels located in convention, resort and urban business markets. It has 25.86 P/E ratio. 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.

According to Zacks Investment Research, “Lasalle Hotel Properties, which intends to operate as a real estate investment trust for federal income tax purposes, has been formed to own hotel properties and to continue and expand the hotel investment activities of LaSalle Partners Incorporated and certain of its affiliates collectively, LaSalle. LaSalle is an institutionally respected real estate services and investment firm which has extensive experience in the acquisition, investment management, finance, development and disposition of hotel properties.” Get a free copy of the Zacks research report on LaSalle Hotel Properties (LHO).

COMMENTS: