Robert W. Baird Reaffirms Their Hold Rating on Lasalle Hotel Properties

By Austin Angelo

In a report released yesterday, Michael Bellisario from Robert W. Baird reiterated a Hold rating on Lasalle Hotel Properties (NYSE: LHO), with a price target of $31. The company’s shares closed yesterday at $28.01.

According to TipRanks.com, Bellisario is a 1-star analyst with an average return of -1.9% and a 21.4% success rate. Bellisario covers the Financial sector, focusing on stocks such as Condor Hospitality Trust Inc, Ashford Hospitality Trust, and Ashford Hospitality Prime.

Currently, the analyst consensus on Lasalle Hotel Properties is Hold and the average price target is $30.17, representing a 7.7% upside.

In a report issued on August 24, Boenning & Scattergood also downgraded the stock to Hold.

The company has a one year high of $31.87 and a one year low of $23.05. Currently, Lasalle Hotel Properties has an average volume of 1.08M.

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.