The stock of LaSalle Hotel Properties (NYSE:LHO) is a huge mover today! LaSalle Hotel Properties (NYSE:LHO) has declined 3.77% since March 1, 2016 and is downtrending. It has underperformed by 13.01% the S&P500.
The move comes after 9 months positive chart setup for the $2.70 billion company. It was reported on Oct, 4 by Barchart.com. We have $36.00 PT which if reached, will make NYSE:LHO worth $1.38B more.
Analysts await LaSalle Hotel Properties (NYSE:LHO) to report earnings on October, 27. They expect $0.88 earnings per share, up 1.15% or $0.01 from last year’s $0.87 per share. LHO’s profit will be $99.66M for 6.77 P/E if the $0.88 EPS becomes a reality. After $0.95 actual earnings per share reported by LaSalle Hotel Properties for the previous quarter, Wall Street now forecasts -7.37% negative EPS growth.
LaSalle Hotel Properties (NYSE:LHO) Ratings Coverage
Out of 14 analysts covering LaSalle Hotel Properties (NYSE:LHO), 1 rate it a “Buy”, 2 “Sell”, while 11 “Hold”. This means 7% are positive. LaSalle Hotel Properties has been the topic of 44 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by Credit Suisse given on Wednesday, March 23. The firm has “Hold” rating given on Thursday, July 23 by Evercore. The stock has “Sector Perform” rating given by RBC Capital Markets on Wednesday, October 28. RBC Capital Markets maintained LaSalle Hotel Properties (NYSE:LHO) on Monday, February 22 with “Sector Perform” rating. The firm has “Neutral” rating given on Tuesday, December 15 by Citigroup. The rating was upgraded by Zacks on Thursday, August 20 to “Hold”. As per Monday, October 26, the company rating was downgraded by Morgan Stanley. The firm earned “Buy” rating on Friday, September 4 by Zacks. On Friday, October 23 the stock rating was downgraded by Credit Suisse to “Neutral”. The firm has “Hold” rating by Stifel Nicolaus given on Thursday, December 17.
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.”
Insitutional Activity: The institutional sentiment decreased to 1.19 in 2016 Q2. Its down 0.18, from 1.37 in 2016Q1. The ratio turned negative, as 34 funds sold all LaSalle Hotel Properties shares owned while 65 reduced positions. 29 funds bought stakes while 89 increased positions. They now own 125.84 million shares or 0.32% more from 125.43 million shares in 2016Q1.
Parametric Port Assoc Limited holds 0.01% of its portfolio in LaSalle Hotel Properties (NYSE:LHO) for 377,444 shares. Hsbc Holdg Public Lc reported 18,346 shares or 0% of all its holdings. Manufacturers Life The has 0.01% invested in the company for 251,525 shares. Quantitative Invest Mgmt Ltd Llc accumulated 0.03% or 31,200 shares. Kbc Gp Nv holds 66,419 shares or 0.02% of its portfolio. Sumitomo Mitsui Asset Mgmt Ltd has invested 0.08% of its portfolio in LaSalle Hotel Properties (NYSE:LHO). Ajo Lp, a Pennsylvania-based fund reported 68,891 shares. Waratah Advisors holds 636,650 shares or 3.07% of its portfolio. Amp Cap Investors has invested 0.01% of its portfolio in LaSalle Hotel Properties (NYSE:LHO). Geode Cap Limited Liability Company, a Massachusetts-based fund reported 937,376 shares. Pensionfund Dsm Netherlands has invested 0.06% of its portfolio in LaSalle Hotel Properties (NYSE:LHO). Btim has 0.36% invested in the company for 904,834 shares. Nationwide Fund Advsr holds 271,555 shares or 0.03% of its portfolio. Blackrock Mgmt Limited Co accumulated 0.02% or 778,894 shares. Bnp Paribas Inv Prns Sa accumulated 100,728 shares or 0.02% of the stock.
Insider Transactions: Since April 26, 2016, the stock had 0 buys, and 3 selling transactions for $5.12 million net activity. The insider Young Alfred L. sold $477,855. 15,000 shares were sold by Riggins Bruce A, worth $366,929. On Thursday, August 25 the insider BARNELLO MICHAEL D sold $4.27 million.
More notable recent LaSalle Hotel Properties (NYSE:LHO) news were published by: Forbes.com which released: “LaSalle Hotel Properties is Oversold” on September 26, 2016, also Forbes.com with their article: “LaSalle Hotel Properties’s Series I Preferred Shares Cross 6% Yield Mark” published on August 22, 2016, Blogs.Wsj.com published: “CFO Moves: LaSalle Hotel Properties, Catabasis Pharmaceuticals” on April 01, 2016. More interesting news about LaSalle Hotel Properties (NYSE:LHO) were released by: Finance.Yahoo.com and their article: “LaSalle Hotel Properties Announces Third Quarter Earnings Call To Be Held on …” published on September 22, 2016 as well as Businesswire.com‘s news article titled: “LaSalle Hotel Properties Reports Second Quarter 2016 Results” with publication date: July 20, 2016.
LHO Company Profile
Lasalle Hotel Properties, incorporated on January 15, 1998, is a self-administered and self-managed real estate investment trust (REIT). The Firm primarily buys, owns, redevelops and leases upscale and luxury hotels located in convention, resort and urban business markets. The Firm owns interest in approximately 50 hotels with over 12,000 guest rooms located in approximately 10 states and the District of Columbia. LaSalle Hotel Lessee, Inc. (LHL) is the Company’s taxable REIT subsidiary (TRS). The Company’s hotels are leased to LHL that provides for rental payments. The Company’s assets are held by, and all of its activities are conducted through, LaSalle Hotel Operating Partnership, L.P. (the Operating Partnership). The Firm is the general partner of the Operating Partnership.
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