LaSalle Hotel Properties (LHO) Reaches $30.83 After 3.00% Up Move; 3 Analysts Bullish CI Financial (TSE:CIX)

April 16, 2018 - By Pete Kolinski

LaSalle Hotel Properties (NYSE:LHO) Logo

Among 7 analysts covering CI Financial (TSE:CIX), 3 have Buy rating, 1 Sell and 3 Hold. Therefore 43% are positive. CI Financial had 34 analyst reports since July 22, 2015 according to SRatingsIntel. The company was upgraded on Friday, November 4 by Canaccord Genuity. RBC Capital Markets downgraded the stock to “Underperform” rating in Monday, January 9 report. TD Securities maintained CI Financial Corp (TSE:CIX) rating on Friday, November 4. TD Securities has “Hold” rating and $25 target. On Thursday, November 3 the stock rating was maintained by Scotia Capital with “Sector Perform”. The rating was maintained by Scotia Capital with “Sector Perform” on Friday, February 17. See CI Financial Corp (TSE:CIX) latest ratings:

10/11/2017 Broker: TD Securities Rating: Hold Old Target: $29.00 New Target: $30.00 Target Up

The stock of LaSalle Hotel Properties (NYSE:LHO) is a huge mover today! The stock increased 2.98% or $0.89 during the last trading session, reaching $30.83. About 695,289 shares traded. LaSalle Hotel Properties (NYSE:LHO) has declined 11.57% since April 16, 2017 and is downtrending. It has underperformed by 23.12% the S&P500.The move comes after 8 months positive chart setup for the $3.50 billion company. It was reported on Apr, 16 by Barchart.com. We have $31.75 PT which if reached, will make NYSE:LHO worth $104.85M more.

Since March 2, 2018, it had 1 insider buy, and 0 selling transactions for $478,180 activity. $478,180 worth of LaSalle Hotel Properties (NYSE:LHO) shares were bought by BARNELLO MICHAEL D.

LaSalle Hotel Properties, a real estate investment trust , engages in the purchase, ownership, redevelopment, and leasing of primarily upscale and luxury full-service hotels in convention, resort, and urban business markets in the United States. The company has market cap of $3.50 billion. It owns 34 hotels, totaling approximately 9,200 guest rooms in 15 markets in 11 states and the District of Columbia. It has a 20.02 P/E ratio. The firm qualifies as a REIT under the Internal Revenue Code of 1986.

Among 25 analysts covering LaSalle Hotel Properties (NYSE:LHO), 2 have Buy rating, 7 Sell and 16 Hold. Therefore 8% are positive. LaSalle Hotel Properties had 87 analyst reports since July 21, 2015 according to SRatingsIntel. RBC Capital Markets maintained LaSalle Hotel Properties (NYSE:LHO) rating on Monday, January 4. RBC Capital Markets has “Sector Perform” rating and $32 target. Boenning \u0026 Scattergood downgraded the stock to “Neutral” rating in Thursday, August 24 report. The firm earned “Hold” rating on Friday, June 23 by RBC Capital Markets. The stock of LaSalle Hotel Properties (NYSE:LHO) has “Hold” rating given on Friday, February 23 by RBC Capital Markets. The rating was maintained by Robert W. Baird on Friday, September 29 with “Hold”. The rating was downgraded by Raymond James on Monday, October 30 to “Market Perform”. The firm has “Hold” rating by Deutsche Bank given on Friday, July 21. The stock has “Equalweight” rating by Morgan Stanley on Monday, October 26. The firm earned “Sector Perform” rating on Wednesday, October 28 by RBC Capital Markets. The firm earned “Neutral” rating on Monday, April 10 by Goldman Sachs.

Investors sentiment increased to 1.15 in 2017 Q4. Its up 0.03, from 1.12 in 2017Q3. It improved, as 26 investors sold LaSalle Hotel Properties shares while 73 reduced holdings. 38 funds opened positions while 76 raised stakes. 121.65 million shares or 2.43% more from 118.77 million shares in 2017Q3 were reported. San Francisco Sentry Investment (Ca) holds 0.01% of its portfolio in LaSalle Hotel Properties (NYSE:LHO) for 1,400 shares. Jane Street Gp Limited Liability holds 17,721 shares or 0% of its portfolio. Great West Life Assurance Can has 0.01% invested in LaSalle Hotel Properties (NYSE:LHO) for 134,156 shares. Ubs Oconnor Ltd Limited Liability Company reported 0.13% stake. Toth Fincl Advisory has invested 0% in LaSalle Hotel Properties (NYSE:LHO). First Mercantile Tru Commerce holds 0.02% or 4,070 shares in its portfolio. New Mexico Educational Retirement Board has 0.03% invested in LaSalle Hotel Properties (NYSE:LHO). State Common Retirement Fund holds 0% or 140,969 shares in its portfolio. Barnett has 0% invested in LaSalle Hotel Properties (NYSE:LHO). Credit Suisse Ag reported 0.02% of its portfolio in LaSalle Hotel Properties (NYSE:LHO). Qs Ltd reported 0.05% of its portfolio in LaSalle Hotel Properties (NYSE:LHO). 110,586 are held by Amundi Pioneer Asset Inc. 24,395 are held by Millennium Ltd Co. Voloridge Invest Mgmt Limited Liability Corporation holds 91,460 shares or 0.06% of its portfolio. Assetmark reported 4,057 shares.

Analysts await LaSalle Hotel Properties (NYSE:LHO) to report earnings on April, 18. They expect $0.27 EPS, down 40.00% or $0.18 from last year’s $0.45 per share. LHO’s profit will be $30.61 million for 28.55 P/E if the $0.27 EPS becomes a reality. After $0.53 actual EPS reported by LaSalle Hotel Properties for the previous quarter, Wall Street now forecasts -49.06% negative EPS growth.

Investors sentiment increased to 2.83 in 2017 Q4. Its up 1.58, from 1.25 in 2017Q3. It is positive, as 1 investors sold CI Financial Corp shares while 5 reduced holdings. 3 funds opened positions while 14 raised stakes. 1.36 million shares or 1.93% less from 1.39 million shares in 2017Q3 were reported. Vanguard Gru stated it has 10,853 shares or 0% of all its holdings. Blackrock holds 0% or 113,872 shares in its portfolio. Sessa Cap Im L P reported 431,732 shares. Interest Gp invested in 0% or 1,113 shares. Deutsche Bancshares Ag reported 0% stake. Horrell Cap Management holds 10,000 shares or 0.07% of its portfolio. Moreover, Dimensional Fund Ltd Partnership has 0% invested in CI Financial Corp (TSE:CIX). California Employees Retirement System holds 0% or 16,595 shares in its portfolio. California State Teachers Retirement Sys holds 0% in CI Financial Corp (TSE:CIX) or 2,945 shares. Moreover, Legal General Group Inc Public Limited Com has 0% invested in CI Financial Corp (TSE:CIX). Zpr Inv invested 0.25% of its portfolio in CI Financial Corp (TSE:CIX). Morgan Stanley holds 0% or 3,312 shares. Tower Cap Limited Liability Corp (Trc) holds 45 shares. Renaissance Techs Limited Liability Corporation holds 0% in CI Financial Corp (TSE:CIX) or 163,700 shares. Illinois-based Northern Tru has invested 0% in CI Financial Corp (TSE:CIX).

CI Financial Corp. is a publicly owned asset management holding company. The company has market cap of $7.24 billion. Through its subsidiaries, the firm manages separate client focused equity, fixed income, and alternative investments portfolios. It has a 14.16 P/E ratio. It also manages mutual funds, hedge funds, and fund of funds for its clients through its subsidiaries.

LaSalle Hotel Properties (NYSE:LHO) Institutional Positions Chart

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