Does This Provide a Reason to Buy LaSalle Hotel Properties (LHO)? The Stock Has Formed Bullish Double Top

September 8, 2018 - By Catherine Diaz

LaSalle Hotel Properties (NYSE:LHO) Logo

Investors sentiment decreased to 0.81 in Q1 2018. Its down 0.34, from 1.15 in 2017Q4. It fall, as 32 investors sold LaSalle Hotel Properties shares while 81 reduced holdings. 29 funds opened positions while 62 raised stakes. 113.67 million shares or 6.56% less from 121.65 million shares in 2017Q4 were reported.
D E Shaw And Communications holds 0% of its portfolio in LaSalle Hotel Properties (NYSE:LHO) for 10,773 shares. Qs Invsts Ltd reported 186,470 shares or 0.06% of all its holdings. Pensionfund Dsm Netherlands has 58,600 shares. Wells Fargo Mn reported 0.02% of its portfolio in LaSalle Hotel Properties (NYSE:LHO). Security Capital Research And Management Inc reported 471,570 shares. Fincl Bank Of America Corporation De, a North Carolina-based fund reported 2.86 million shares. Alliancebernstein L P owns 232,069 shares. Vident Invest Advisory Limited Com invested in 71,940 shares. Jpmorgan Chase & stated it has 0% of its portfolio in LaSalle Hotel Properties (NYSE:LHO). Goldman Sachs owns 1.33 million shares or 0.01% of their US portfolio. Schwab Charles Inv Management Incorporated holds 1.57 million shares. Caxton Associates Lp holds 75,000 shares or 0.11% of its portfolio. Rhumbline Advisers holds 241,113 shares or 0.01% of its portfolio. New Mexico Educational Retirement Board holds 31,200 shares or 0.03% of its portfolio. Royal Bank & Trust Of Canada holds 0% or 106,979 shares in its portfolio.

The chart of LaSalle Hotel Properties (LHO) shows a double top with $37.59 target or 8.00 % above today’s $34.81 share price. The 6 months chart pattern indicates low risk for the $3.85 billion company. It was reported on Sep, 8 by Finviz.com. If the $37.59 price target is reached, the company will be worth $308.00 million more. Double tops are rare but powerful chart patterns.

The stock increased 0.52% or $0.18 during the last trading session, reaching $34.81. About 4.86 million shares traded or 271.60% up from the average. LaSalle Hotel Properties (NYSE:LHO) has risen 16.81% since September 8, 2017 and is uptrending. It has outperformed by 4.24% the S&P500.

Analysts await LaSalle Hotel Properties (NYSE:LHO) to report earnings on October, 18. They expect $0.68 earnings per share, 0.00 % or $0.00 from last year’s $0.68 per share. LHO’s profit will be $75.21 million for 12.80 P/E if the $0.68 EPS becomes a reality. After $0.80 actual earnings per share reported by LaSalle Hotel Properties for the previous quarter, Wall Street now forecasts -15.00 % negative EPS growth.

LaSalle Hotel Properties (NYSE:LHO) Ratings Coverage

Among 8 analysts covering LaSalle Hotel Props (NYSE:LHO), 1 have Buy rating, 0 Sell and 7 Hold. Therefore 13% are positive. LaSalle Hotel Props had 11 analyst reports since March 29, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Friday, May 18 by BTIG Research. The stock has “Hold” rating by Stifel Nicolaus on Tuesday, April 24. The stock has “Neutral” rating by Boenning \u0026 Scattergood on Thursday, March 29. Evercore upgraded LaSalle Hotel Properties (NYSE:LHO) rating on Monday, April 2. Evercore has “In-Line” rating and $31 target. The firm has “Buy” rating given on Tuesday, April 3 by Robert W. Baird. JP Morgan maintained the stock with “Neutral” rating in Friday, August 10 report. As per Monday, April 16, the company rating was maintained by Stifel Nicolaus. J.P. Morgan upgraded the stock to “Hold” rating in Thursday, May 10 report. The stock of LaSalle Hotel Properties (NYSE:LHO) has “Hold” rating given on Monday, May 21 by Barclays Capital. The firm has “Hold” rating by Evercore given on Sunday, May 20.

More important recent LaSalle Hotel Properties (NYSE:LHO) news were published by: Bizjournals.com which released: “Pebblebrook, LaSalle agree to merge as Blackstone bows out” on September 06, 2018, also Seekingalpha.com published article titled: “The Battle For Lasalle”, Seekingalpha.com published: “Merger Arbitrage Mondays – September 3, 2018” on September 04, 2018. More interesting news about LaSalle Hotel Properties (NYSE:LHO) was released by: Seekingalpha.com and their article: “Glass Lewis recommends against LHO/Blackstone merger, Pebblebrook says” with publication date: August 24, 2018.

LaSalle Hotel Properties is a leading multi-operator real estate investment trust. The company has market cap of $3.85 billion. The Firm owns 41 properties, which are upscale, full-service hotels, totaling approximately 10,400 guest rooms in 11 markets in seven states and the District of Columbia. It has a 61.94 P/E ratio. The Firm focuses on owning, redeveloping and repositioning upscale, full-service hotels located in urban, resort and convention markets.

LaSalle Hotel Properties (NYSE:LHO) Institutional Positions Chart

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