Zacks Investment Research downgraded LaSalle Hotel Properties (NYSE:LHO) to Sell in a statement released earlier today.
- Updated: October 17, 2016
Just yesterday LaSalle Hotel Properties (NYSE:LHO) traded 0.78% higher at $24.36. LaSalle Hotel Properties’s 50-day moving average is $25.07 and its 200-day moving average is $24.93. The last stock price is down -1.52% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 939,532 shares of LaSalle Hotel Properties exchanged hands, down from an avg. volume of 1,568,820
Zacks Investment Research has downgraded LaSalle Hotel Properties (NYSE:LHO) to Sell in a report released on Tuesday October 18, 2016.
With a total market value of $0, LaSalle Hotel Properties has PE ratio of 21.54 with a one year low of $19.01 and a one year high of $32.10 .
A total of 17 equity analysts have released a ratings update on LHO. One equity analyst rating the company a strong buy, one equity analyst rating the company a buy, fourteen equity analysts rating the company a hold, two equity analysts rating the company a underperform, and finally one equity analyst rating the company a sell with a one year target of $24.79.
Brief Synopsis About LaSalle Hotel Properties (NYSE:LHO)
Lasalle Hotel Properties is a self-administered and self-managed real estate investment trust (REIT). The Company primarily buys, owns, redevelops and leases upscale and luxury hotels located in convention, resort and urban business markets. The Company 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 subsidiary. The Company's hotels are leased to LHL that provides for rental payments. The Company's assets are held by, and all of its operations are conducted through, LaSalle Hotel Operating Partnership, L.P. (the Operating Partnership). The Company is the general partner of the Operating Partnership. The hotels, in which the Company has interests include Hotel Amarano Burbank, Hilton San Diego Gaslamp Quarter, Hotel Solamar, San Diego Paradise Point Resort and Spa, The Hilton San Diego Resort and Spa, and Harbor Court Hotel.
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