LaSalle Hotel Props (NYSE:LHO) Receives Downgrade From Baird. Will Other Analysts Follow Suit?

May 22, 2018 - By Nellie Frank

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Investors sentiment increased to 1.15 in 2017 Q4. Its up 0.03, from 1.12 in 2017Q3. It improved, as 26 investors sold LaSalle Hotel Properties shares while 73 reduced holdings. 38 funds opened positions while 76 raised stakes. 121.65 million shares or 2.43% more from 118.77 million shares in 2017Q3 were reported.

Fifth Third Fincl Bank has invested 0% in LaSalle Hotel Properties (NYSE:LHO). Moreover, State Street has 0.01% invested in LaSalle Hotel Properties (NYSE:LHO) for 5.93M shares. Jpmorgan Chase And invested in 0.01% or 2.51M shares. Proshare Advisors Lc holds 56,611 shares or 0.01% of its portfolio. Weaver C Barksdale And Assoc Inc reported 220 shares. Teachers Retirement Of The State Of Kentucky has 0.02% invested in LaSalle Hotel Properties (NYSE:LHO). Phocas Finance stated it has 7,200 shares or 0.02% of all its holdings. Kennedy Cap Mngmt owns 538,463 shares. Goldman Sachs Gp holds 0.03% in LaSalle Hotel Properties (NYSE:LHO) or 4.19M shares. California State Teachers Retirement Sys holds 179,513 shares. Citadel Ltd Liability accumulated 60,822 shares or 0% of the stock. F&V Capital Ltd Company stated it has 2.02% in LaSalle Hotel Properties (NYSE:LHO). New York State Teachers Retirement System has invested 0.01% in LaSalle Hotel Properties (NYSE:LHO). Lsv Asset has invested 0.03% in LaSalle Hotel Properties (NYSE:LHO). Alps Advsrs reported 18,828 shares.

Since March 2, 2018, it had 1 buying transaction, and 0 selling transactions for $478,180 activity.

LaSalle Hotel Props (NYSE:LHO) Receives a Downgrade

Baird cut their rating for shares of LaSalle Hotel Props (NYSE:LHO) from Outperform to Neutral in an analyst report that was made public on Tuesday, 22 May.

LaSalle Hotel Properties (NYSE:LHO) Ratings Coverage

Among 13 analysts covering Lasalle Hotel Properties (NYSE:LHO), 2 have Buy rating, 2 Sell and 9 Hold. Therefore 15% are positive. Lasalle Hotel Properties has $34.5000 highest and $24.0 lowest target. $27.40’s average target is -18.45% below currents $33.6 stock price. Lasalle Hotel Properties had 17 analyst reports since December 8, 2017 according to SRatingsIntel. Boenning \u0026 Scattergood upgraded the shares of LHO in report on Thursday, March 29 to “Neutral” rating. The stock has “Buy” rating by BTIG Research on Friday, May 18. J.P. Morgan upgraded the stock to “Hold” rating in Thursday, May 10 report. Barclays Capital maintained the stock with “Underweight” rating in Thursday, February 22 report. On Thursday, February 22 the stock rating was maintained by SunTrust with “Hold”. The firm has “Hold” rating given on Monday, April 16 by Stifel Nicolaus. The rating was downgraded by Citigroup to “Sell” on Thursday, December 14. The rating was maintained by Robert W. Baird with “Buy” on Tuesday, April 3. The rating was upgraded by Barclays Capital to “Hold” on Monday, May 21. The company was maintained on Thursday, February 22 by Morgan Stanley.

The stock decreased 0.03% or $0.01 during the last trading session, reaching $33.6. About 10.01 million shares traded or 335.40% up from the average. LaSalle Hotel Properties (NYSE:LHO) has declined 11.57% since May 23, 2017 and is downtrending. It has underperformed by 23.12% the S&P500.

Analysts await LaSalle Hotel Properties (NYSE:LHO) to report earnings on July, 18. They expect $0.77 EPS, down 4.94 % or $0.04 from last year’s $0.81 per share. LHO’s profit will be $85.11 million for 10.91 P/E if the $0.77 EPS becomes a reality. After $0.30 actual EPS reported by LaSalle Hotel Properties for the previous quarter, Wall Street now forecasts 156.67 % EPS growth.

LaSalle Hotel Properties, a real estate investment trust , engages in the purchase, ownership, redevelopment, and leasing of primarily upscale and luxury full-service hotels in convention, resort, and urban business markets in the United States. The company has market cap of $3.71 billion. It owns 34 hotels, totaling approximately 9,200 guest rooms in 15 markets in 11 states and the District of Columbia. It has a 21.82 P/E ratio. The firm qualifies as a REIT under the Internal Revenue Code of 1986.

More important recent LaSalle Hotel Properties (NYSE:LHO) news were published by: Seekingalpha.com which released: “LaSalle holder HG Vora boosts stake, urges sale to Pebblebrook” on May 14, 2018, also Businesswire.com published article titled: “Bragar Eagel & Squire, PC is Investigating the Board of Directors of LaSalle Hotel Properties, Inc. (LHO) on Behalf of …”, Businesswire.com published: “SHAREHOLDER ALERT: Brower Piven Commences an Investigation into the Proposed Sale of LaSalle Hotel …” on May 22, 2018. More interesting news about LaSalle Hotel Properties (NYSE:LHO) was released by: Prnewswire.com and their article: “LaSalle (LHO) Alert: Johnson Fistel Investigates Proposed Sale of LaSalle Hotel Properties; Are LaSalle Shareholders …” with publication date: May 21, 2018.

LaSalle Hotel Properties (NYSE:LHO) Institutional Positions Chart

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