In a report released today, Floris van Dijkum from Boenning & Scattergood maintained a Hold rating on Lasalle Hotel Properties (NYSE: LHO). The company’s shares closed yesterday at $31.43, close to its 52-week high of $31.86.
According to TipRanks.com, Dijkum is a 2-star analyst with an average return of 1.4% and a 56.1% success rate. Dijkum covers the Financial sector, focusing on stocks such as Pennsylvania Real Estate ate Investment, Retail Properties of America Inc, and General Growth Properties Inc.
Currently, the analyst consensus on Lasalle Hotel Properties is Hold and the average price target is $27.75, representing a -11.7% downside.
In a report released yesterday, J.P. Morgan also upgraded the stock to Hold.
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Based on Lasalle Hotel Properties’ latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $7.08 million. In comparison, last year the company had a net profit of $6.97 million.
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.
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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.
