Breaking Finance News

LaSalle Hotel (NYSE:LHO) has been downgraded from In-line to Underperform in a statement by Evercore ISI earlier today.

Evercore ISI has downgraded LaSalle Hotel (NYSE:LHO) from In-line to Underperform in a statement released on 11/20/2017.

Having a price of $28.21, LaSalle Hotel (NYSE:LHO) traded 0.29% higher on the day. With the last stock price down -3.83% from the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.01% over the same period. LHO has recorded a 50-day average of $29.09 and a two hundred day average of $29.18. Trade Volume was down over the average, with 256,603 shares of LHO changing hands under the typical 1,103,000

Recent Performance Chart

LaSalle Hotel (NYSE:LHO)

LaSalle Hotel has PE ratio of 10.44 with a one year low of $23.05 and a one year high of $31.87 and has a market capitalization of $0.

A total of 17 brokerages have issued a ratings update on LaSalle Hotel. One brokerage rating the company a strong buy, one brokerage rating the company a buy, fourteen brokerages rating the company a hold, two brokerages rating the company a underperform, and finally one brokerage rating the company a sell with a 12-month price target of $24.79.

General Company Details For LaSalle Hotel (NYSE:LHO)

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). As of December 31, 2016, the Company's properties included Hotel Amarano Burbank; Hilton San Diego Gaslamp Quarter; Hotel Solamar; San Diego Paradise Point Resort and Spa; The Hilton San Diego Resort and Spa; Harbor Court Hotel; The Marker San Francisco; Chamberlain West Hollywood; Le Montrose Suite Hotel; The Grafton on Sunset; Hotel George; Hotel Rouge; Mason & Rook Hotel; The Donovan; The Liaison Capitol Hill; The Marker Waterfront Resort; Hotel Chicago; Onyx Hotel; Park Central Hotel New York; The Heathman Hotel; Westin Philadelphia, and Lansdowne Resort.

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