Several other analysts have also recently commented on the stock. Analysts at MLV & Co initiated coverage on shares of LaSalle Hotel Properties in a research note to investors on Wednesday. They set a “buy” rating and a $32.00 price target on the stock. Separately, analysts at Morgan Stanley (NYSE: MS) raised their price target on shares of LaSalle Hotel Properties to $26.00 in a research note to investors on Tuesday, March 20th. Finally, analysts at Deutsche Bank (NYSE: DB) raised their price target on shares of LaSalle Hotel Properties to $25.50 in a research note to investors on Monday, March 12nd.
LaSalle Hotel Properties opened at 27.09 on Wednesday. LaSalle Hotel Properties has a 52-week low of $15.17 and a 52-week high of $30.46. The company has a market cap of $2.320 billion and a price-to-earnings ratio of 142.58.
LaSalle Hotel Properties last posted its quarterly earnings results on Wednesday, April 18th. The company reported $0.21 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.17 by $0.04. The company’s quarterly revenue was up 24.5% on a year-over-year basis. Analysts expect that LaSalle Hotel Properties will post $0.71 EPS next quarter.
Lasalle Hotel Properties is a self-managed and self-administered real estate investment trust (REIT).