LaSalle Hotel Properties (LHO) Earning Somewhat Favorable News Coverage, Accern Reports

News stories about LaSalle Hotel Properties (NYSE:LHO) have trended somewhat positive on Monday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. LaSalle Hotel Properties earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 46.4783589228549 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

LHO has been the subject of several analyst reports. Morgan Stanley decreased their price objective on LaSalle Hotel Properties from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Monday, October 23rd. JPMorgan Chase & Co. cut LaSalle Hotel Properties from a “neutral” rating to an “underweight” rating and set a $24.00 price objective for the company. in a report on Thursday, November 16th. ValuEngine cut LaSalle Hotel Properties from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Citigroup cut LaSalle Hotel Properties from a “neutral” rating to a “sell” rating and set a $25.00 price objective for the company. in a report on Thursday, December 14th. Finally, UBS Group cut LaSalle Hotel Properties from an “outperform” rating to a “market perform” rating in a report on Monday, October 30th. Eight equities research analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. The stock has a consensus rating of “Hold” and an average target price of $28.00.

LaSalle Hotel Properties (NYSE:LHO) traded down $1.32 during trading on Monday, reaching $28.36. The company had a trading volume of 1,964,326 shares, compared to its average volume of 1,536,855. LaSalle Hotel Properties has a fifty-two week low of $27.44 and a fifty-two week high of $31.75. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.22 and a quick ratio of 3.22. The company has a market capitalization of $3,320.00, a PE ratio of 17.51, a P/E/G ratio of 2.54 and a beta of 1.12.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 6.35%. The ex-dividend date was Thursday, December 28th. LaSalle Hotel Properties’s payout ratio is currently 111.11%.

In related news, COO Alfred L. Young sold 17,750 shares of LaSalle Hotel Properties stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $28.28, for a total transaction of $501,970.00. Following the completion of the transaction, the chief operating officer now owns 88,808 shares in the company, valued at $2,511,490.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.38% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This news story was first reported by Stock Observer and is owned by of Stock Observer. If you are reading this news story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at

About LaSalle Hotel Properties

LaSalle Hotel Properties is a self-administered and self-managed real estate investment trust. The Company primarily buys, owns, redevelops and leases upscale and luxury full-service hotels located in convention, resort and urban business markets. As of December 31, 2016, the Company owned interests in 46 hotels with approximately 11,450 guest rooms located in nine states of the United States and the District of Columbia (DC).

Insider Buying and Selling by Quarter for LaSalle Hotel Properties (NYSE:LHO)

Receive News & Ratings for LaSalle Hotel Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LaSalle Hotel Properties and related companies with's FREE daily email newsletter.

Leave a Reply