Barclays Keeps Their Sell Rating on Lasalle Hotel Properties

Barclays analyst Felicia Hendrix maintained a Sell rating on Lasalle Hotel Properties (NYSE: LHO) yesterday and set a price target of $28. The company’s shares closed yesterday at $31.43, close to its 52-week high of $31.86.

According to TipRanks.com, Hendrix is a 4-star analyst with an average return of 7.5% and a 61.7% success rate. Hendrix covers the Services sector, focusing on stocks such as Marriott International, Extended Stay America, and Hilton Holdings.

Lasalle Hotel Properties has an analyst consensus of Hold, with a price target consensus of $28.42.

See today’s analyst top recommended stocks >>

Lasalle Hotel Properties’ market cap is currently $3.56B and has a P/E ratio of 40.21. The company has a Price to Book ratio of 1.44.

Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LHO in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

LaSalle Hotel Properties operates as a real estate investment trust. It buys, owns, redevelops and leases upscale and luxury full-service hotels located in convention, resort and urban business markets. The company was founded on January 15, 1998 and is headquartered in Bethesda, MD.