First Trust Advisors LP decreased its stake in LaSalle Hotel Properties (NYSE:LHO) by 4.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 140,105 shares of the real estate investment trust’s stock after selling 5,892 shares during the period. First Trust Advisors LP owned 0.12% of LaSalle Hotel Properties worth $4,066,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Renaissance Technologies LLC grew its stake in LaSalle Hotel Properties by 110.6% during the first quarter. Renaissance Technologies LLC now owns 205,800 shares of the real estate investment trust’s stock worth $5,958,000 after purchasing an additional 108,100 shares during the period. Capstone Asset Management Co. boosted its holdings in LaSalle Hotel Properties by 6.4% in the second quarter. Capstone Asset Management Co. now owns 11,385 shares of the real estate investment trust’s stock worth $339,000 after acquiring an additional 680 shares in the last quarter. Eqis Capital Management Inc. bought a new position in LaSalle Hotel Properties in the second quarter worth approximately $228,000. Oregon Public Employees Retirement Fund boosted its holdings in LaSalle Hotel Properties by 4.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 41,371 shares of the real estate investment trust’s stock worth $1,233,000 after acquiring an additional 1,777 shares in the last quarter. Finally, LS Investment Advisors LLC boosted its holdings in LaSalle Hotel Properties by 16.8% in the second quarter. LS Investment Advisors LLC now owns 8,882 shares of the real estate investment trust’s stock worth $265,000 after acquiring an additional 1,280 shares in the last quarter.
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Several research analysts have issued reports on the company. Zacks Investment Research upgraded LaSalle Hotel Properties from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Stifel Nicolaus reiterated a “hold” rating on shares of LaSalle Hotel Properties in a report on Tuesday, October 17th. Goldman Sachs Group, Inc. (The) lowered LaSalle Hotel Properties from a “neutral” rating to a “sell” rating and cut their price target for the stock from $25.00 to $24.00 in a report on Wednesday, August 2nd. BidaskClub lowered LaSalle Hotel Properties from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Finally, Raymond James Financial, Inc. reiterated a “market perform” rating on shares of LaSalle Hotel Properties in a report on Monday, October 30th. Four investment analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company. The stock currently has an average rating of “Hold” and an average target price of $28.64.
Shares of LaSalle Hotel Properties (LHO) opened at $28.18 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.22 and a quick ratio of 3.22. LaSalle Hotel Properties has a 52-week low of $26.82 and a 52-week high of $31.87. The stock has a market capitalization of $3,190.88, a price-to-earnings ratio of 11.01, a price-to-earnings-growth ratio of 2.29 and a beta of 1.12.
LaSalle Hotel Properties (NYSE:LHO) last released its earnings results on Thursday, October 19th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.73 by ($0.46). LaSalle Hotel Properties had a return on equity of 8.31% and a net margin of 18.10%. The firm had revenue of $285.90 million during the quarter, compared to analysts’ expectations of $295.02 million. During the same period in the prior year, the business earned $0.84 earnings per share. The business’s quarterly revenue was down 12.5% compared to the same quarter last year. equities analysts predict that LaSalle Hotel Properties will post 2.46 EPS for the current fiscal year.
About LaSalle Hotel Properties
LaSalle Hotel Properties is a self-administered and self-managed real estate investment trust. The Company primarily buys, owns, redevelops and leases upscale and luxury full-service hotels located in convention, resort and urban business markets. As of December 31, 2016, the Company owned interests in 46 hotels with approximately 11,450 guest rooms located in nine states of the United States and the District of Columbia (DC).
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