Lasalle Hotel Properties (LHO) Receives a Hold from Barclays

By Carrie Williams

Barclays analyst Felicia Hendrix maintained a Hold rating on Lasalle Hotel Properties (NYSE: LHO) on September 7 and set a price target of $39. The company’s shares closed on Friday at $34.81, close to its 52-week high of $36.13.

According to TipRanks.com, Hendrix is a 4-star analyst with an average return of 5.3% and a 56.8% success rate. Hendrix covers the Services sector, focusing on stocks such as Marriott International, Pinnacle Entertainment, and Extended Stay America.

Currently, the analyst consensus on Lasalle Hotel Properties is a Hold with an average price target of $39.

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Based on Lasalle Hotel Properties’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $35.59 million. In comparison, last year the company had a net profit of $51.02 million.

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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.