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LaSalle Hotel Properties (LHO)

  • Wed, Mar. 25, 9:48 AM
    • Downgraded to Reduce from Neutral are DiamondRock Hospitality (DRH -1.3%), FelCor Lodging (FCH -1.8%), Hersha Hospitality Trust (HT -2.5%), Host Hotels and Resorts (HST -0.9%), and LaSalle Hotel (LHO -1.5%).
    • Cut to Neutral from Buy is Starwood Hotels (HOT -0.9%).
    • For what it's worth, Starwood - the only one of the group rated a Buy before today - has about the worst performance of the bunch over the last year, ahead about 6% (Hersha is up just 5%, and the rest are up by far more).
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  • Tue, Feb. 24, 3:32 PM
    • The 10-year Treasury yield has tumbled back beneath 2% amid Janet Yellen's congressional testimony and some weak economic data, but there's no bid for income favorites like equity REITs.
    • The iShares DJ U.S. Real Estate ETF (IYR -1.9%).
    • Realty Income (O -2.9%), National Retail Properties (NNN -2.7%), Senior Housing Properties (SNH -2.2%), Ventas (VTR -3.8%), HCP (HCP -3.6%), Equity Commonwealth (EQC -2.3%), Vornado (VNO -1.9%), Equity Residential (EQR -2.5%), AvalonBay (AVB -2.7%), Simon Property (SPG -1.8%), General Growth (GGP -2.1%), Kimco (KIM -3%), Sovran Self Storage (SSS -2%), Boston Properties (BXP -2%), Hospitality Properties (HPT -2.7%), LaSalle Hotel (LHO -2.8%), Liberty Property Trust (LPT -2.7%), American Campus Communities (ACC -1.7%).
  • Thu, Feb. 19, 11:25 AM
    • Maybe priced for perfection after big runs over the past couple of years, hotel REITs are pulling back after an earnings miss from Lasalle Hotel Properties (LHO -4.3%) and middling guidance from Host Hotels and Resorts (HST -5.4%).
    • Hospitality Properties (HPT -1.5%), Ashford Hospitality (AHT -1.2%), Strategic Hotels (BEE -0.9%), Pebblebrook Hotel Trust (PEB -1.7%), Summit Hotel (INN -2.2%), RLJ Lodging (RLJ -2.3%), Chatham Lodging (CLDT -1.1%).
    • Bucking the trend is Hersha Hospitality Trust (HT +1.1%) after beating Q4 consensus.
    • Previously: Credit Suisse takes profits on Pebblebrook Hotel (Feb. 18)
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  • Tue, Jan. 6, 2:30 PM
    • Equity REIT names are higher nearly across the board as the 10-year Treasury yield tumbles below 2%, but the hotel REITs aren't joining in the fun, suggesting maybe plunging oil prices (now at $47.76 per barrel) are foreshadowing a weak economy?
    • Ashford Hospitality (AHT -1.9%), Strategic Hotels (BEE -1.3%), LaSalle Hotel (LHO -0.9%), Chesapeake Lodging (CHSP -1.7%), Summit Hotel (INN -1.2%).
    • Previously: Equity REITs add to gains as long-term yields dive (Jan. 6)
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  • Dec. 9, 2014, 9:27 AM
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  • Dec. 8, 2014, 9:36 AM
    • A big year continues for LaSalle Hotel Properties (LHO +1.3%) after Morgan Stanley upgrades two notches - from Underweight to Overweight - with price target lifted to $45 from $35.
    • The stock's up 32.5% YTD.
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  • Oct. 22, 2014, 12:02 PM
    • LaSalle Hotel Properties (LHO +1.5%) is an outlier to the upside among the lodging REIT names after Ladenburg Thalman initiates coverage with a Buy.
    • The stock has quickly rebounded this week from the the Ebola scare-related declines over the last month, and nows sits at right about its 52-week high, and also up 20% YTD.
    • The company will report its Q3 after the bell this evening.
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  • Oct. 20, 2014, 10:01 AM
    • Stifel steps into the Ebola-related downdraft in the lodging sector, upgrading the largest (by market cap) such REIT, Hospitality Property Trust (HPT +2.1%) to Buy with $30 price target.
    • Other names: Ashford (AHT +1.2%), Strategic Hotels (BEE +0.8%), Sunstone Hotel (SHO +1.1%), LaSalle Hotel (LHO +0.6%), Chesapeake Lodging (CHSP +0.6%), Summit Hotel (INN +1.2%), Pebblebrook Hotel (PEB +0.7%).
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  • Oct. 13, 2014, 4:19 PM
    • Both equity and mortgage REITs saw plenty of buying as nearly all of the rest of the market was lit up bright red, and Treasury ETFs signaled a sharp drop in yields when government bonds reopen for trade tomorrow (closed this session for Columbus Day).
    • A sampling of equity names: Senior Housing Properties (SNH +1.2%), Medical Properties Trust (MPW +1.4%), Gramercy Property Trust (GPT +1.7%), Equity Residential (EQR +0.7%), Inland Real Estate (IRC +0.9%), Sovran Self Storage (SSS +1.1%), Highwoods Properties Trust (HIW +1%).
    • One equity REIT sector in the red along with the rest of the market is lodging amid worsening Ebola fears: Ashford Hospitality Trust (AHT -2.9%), Sunshine Hotel Investors (SHO -1.4%), LaSalle Hotel Properties (LHO -1.5%), Summit Hotel Properties (INN -1.5%).
    • Mortgage REITs: American Capital Agency (AGNC +1.4%), CYS Investments (CYS +2.2%), Invesco (IVR +1.1%), American Capital Mortgage (MTGE +1.5%), Western Asset (WMC +1.1%).
  • Jan. 14, 2014, 3:50 PM
    • The hotel REIT sector is having a big day, led by Strategic Hotels & Resorts (BEE +1.8%) one day after a 2-notch upgrade by BAML to Buy from Underperform. The price target is $11.50.
    • The activist target initially popped yesterday following the upgrade, but gave up those gains as the market tanked in the afternoon.
    • Others: Hospitality Properties (HPT +0.8%), Sunstone Hotel (SHO +1.5%), LaSalle Hotel (LHO +1.1%), Pebblebrook (PEB +1.8%), Ashford Hospitality (AHT +1.8%).
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  • Oct. 22, 2013, 9:15 AM
    • LaSalle Hotel Properties (LHO) is off 1.15% premarket to $30.15 after selling 6.7M shares at $30.05 each. The underwriter greenshoe is for another 1.005M shares. The company will pay down its credit line with the cash.
    • Press release.
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  • Feb. 27, 2012, 1:54 PM
    LaSalle Hotel (LHO +1.6%) moves higher on an upgrade to Outperform on valuation at Wells Fargo with a $27.50-$30 price target range, citing upside potential stemming from the hotel's recent renovations.
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  • Feb. 15, 2012, 3:26 PM
    Baird cut the hotel sector to Market Weight based on full valuations earlier today: LaSalle Hotel (LHO -2.2%), Host Hotels (HST -1.4%) and Pebblebrook Hotel (PEB -2.7%) are all downgraded to Neutral (I, II, III).
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  • Jan. 10, 2012, 11:02 AM
    Bank of America upgrades a few names in the hotel space, citing positive trends in cash flow, solid balance sheets and potential for dividend growth. It raises Marriott International (MAR +1.7%), Hyatt (H +2.8%) and La Salle Hotel (LHO +3.3%) all to Buy.
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  • Aug. 29, 2011, 12:25 PM
    Commercial REIT LaSalle Hotel Properties (LHO +8.2%) takes advantage of recent weakness in its shares and approves a $100M stock buyback.
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  • Aug. 12, 2011, 12:10 PM
    Jefferies is out with a cautious note on the hotel space due to the recent market volatility. The firm ratchets down estimates and downgrades five companies: LaSalle Hotel Properties (LHO -1%), Host Hotels (HST -1.9%), Gaylord Entertainment (GET +0.8%) and Starwood Hotels & Resorts (HOT -1.7%) are all cut to hold, and Orient-Express (OEH -5.7%) is reduced to underperform.
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Company Description
LaSalle Hotel Properties is a real estate investment trust. The Company's business includes buying, owing, redeveloping & leasing mainly upscale & luxury full-service hotels located in convention, resort & urban business markets.
Sector: Financial
Country: United States