Barclays Maintains Rating And Raises Price Target On LaSalle Hotel Properties (LHO)

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LaSalle Hotel Properties (NYSE:LHO).

On July 21 Deutsche Bank left the company rating at “Hold” and raised the price target from $25.00 to $27.00. October 23 investment analysts at Morgan Stanley held the stock rating at “Underweight” and lowered the price expectation to $27.00 from $30.00.

The company is up from yesterday’s close of 27.79. Additionally the company recently declared a dividend paid on Monday the 16th of October 2017. The dividend payment was $0.450 per share for the quarter which comes to $1.80 on an annualized basis. This dividend amount was represent a yield of $5.91. The ex-dividend date was Thursday the 28th of September 2017.

The stock is trading at $27.94 marginally under $29.14, the 50 day moving average and which is a tad under the 200 day moving average of $29.21. The 50 day moving average moved down $-1.20 and the 200 day average was down $-1.27.

LaSalle Hotel Properties, launched on January 15, 1998, 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). The Business’s operations are conducted through LaSalle Hotel Operating Partnership, L.P. (the Operating Partnership)..

The P/E ratio is 10.39 and market capitalization is 3.16B. As of the latest earnings report the EPS was $2.69 and is expected to be $1.65 for the current year with 113,212,000 shares presently outstanding. Analysts expect next quarter’s EPS to be $-0.05 and the next full year EPS is projected to be $0.81.

Investors are a little more bearish on the company lately as evidenced by the uptick in short interest. The company had a rise in short interest of 5.11% between September 15, 2017 and September 29, 2017. Short shares grew 428,388 over that period. With short interest at 8,811,670 and short average daily volume at 890,684, the short-interest ratio is 10.0 and the short interest percentage is 0.08% as of September 29.