LaSalle Hotel Properties (NYSE:LHO) Shares Sold by First Trust Advisors LP

First Trust Advisors LP cut its holdings in LaSalle Hotel Properties (NYSE:LHO) by 4.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 approximately 0.12% of LaSalle Hotel Properties worth $4,066,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of LaSalle Hotel Properties by 4.4% in the 2nd quarter. Vanguard Group Inc. now owns 20,095,440 shares of the real estate investment trust’s stock worth $598,844,000 after acquiring an additional 844,043 shares in the last quarter. BlackRock Inc. raised its position in shares of LaSalle Hotel Properties by 3.2% in the 2nd quarter. BlackRock Inc. now owns 14,874,256 shares of the real estate investment trust’s stock worth $443,254,000 after acquiring an additional 456,149 shares in the last quarter. State Street Corp raised its position in shares of LaSalle Hotel Properties by 3.4% in the 2nd quarter. State Street Corp now owns 5,768,908 shares of the real estate investment trust’s stock worth $171,921,000 after acquiring an additional 189,034 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of LaSalle Hotel Properties by 6.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 4,834,897 shares of the real estate investment trust’s stock worth $144,080,000 after acquiring an additional 307,543 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of LaSalle Hotel Properties by 8.6% in the 2nd quarter. Northern Trust Corp now owns 4,336,299 shares of the real estate investment trust’s stock worth $129,222,000 after acquiring an additional 344,154 shares in the last quarter.

Several research analysts have recently weighed in on LHO shares. TheStreet lowered LaSalle Hotel Properties from a “b” rating to a “c+” rating in a research report on Friday, October 20th. Morgan Stanley reduced their target price on LaSalle Hotel Properties from $29.00 to $27.00 and set an “equal weight” rating for the company in a research note on Monday, October 23rd. Zacks Investment Research upgraded LaSalle Hotel Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Stifel Nicolaus restated a “hold” rating on shares of LaSalle Hotel Properties in a research note on Tuesday, October 17th. Finally, Robert W. Baird set a $31.00 target price on LaSalle Hotel Properties and gave the company a “hold” rating in a research note on Sunday, October 1st. Five equities research analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company. The stock has an average rating of “Hold” and a consensus target price of $28.47.

LaSalle Hotel Properties (NYSE:LHO) traded up $0.02 during mid-day trading on Monday, reaching $28.22. The company’s stock had a trading volume of 1,391,541 shares, compared to its average volume of 1,278,990. The firm has a market cap of $3,240.00, a P/E ratio of 11.02, a P/E/G ratio of 2.29 and a beta of 1.11. 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 fifty-two week low of $27.44 and a fifty-two week high of $31.87.

LaSalle Hotel Properties (NYSE:LHO) last released its quarterly earnings results on Thursday, October 19th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.46). The company had revenue of $285.90 million for the quarter, compared to analyst estimates of $295.02 million. LaSalle Hotel Properties had a net margin of 18.10% and a return on equity of 8.31%. LaSalle Hotel Properties’s revenue for the quarter was down 12.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.84 EPS. equities research analysts expect that LaSalle Hotel Properties will post 2.46 earnings per share for the current year.

In other LaSalle Hotel Properties news, COO Alfred L. Young sold 17,750 shares of LaSalle Hotel Properties stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $28.28, for a total transaction of $501,970.00. Following the completion of the transaction, the chief operating officer now owns 88,808 shares in the company, valued at approximately $2,511,490.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.38% of the stock is currently owned by insiders.

ILLEGAL ACTIVITY WARNING: “LaSalle Hotel Properties (NYSE:LHO) Shares Sold by First Trust Advisors LP” was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this news story can be accessed at https://www.dispatchtribunal.com/2017/12/04/first-trust-advisors-lp-sells-5892-shares-of-lasalle-hotel-properties-lho.html.

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).

Institutional Ownership by Quarter for LaSalle Hotel Properties (NYSE:LHO)

Receive News & Ratings for LaSalle Hotel Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LaSalle Hotel Properties and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply