LaSalle Hotel Properties (NYSE:LHO) Shares Bought by Alps Advisors Inc.

Alps Advisors Inc. boosted its position in LaSalle Hotel Properties (NYSE:LHO) by 16.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,828 shares of the real estate investment trust’s stock after purchasing an additional 2,622 shares during the period. Alps Advisors Inc.’s holdings in LaSalle Hotel Properties were worth $529,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. State Street Corp lifted its position in shares of LaSalle Hotel Properties by 3.4% during the second 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. Bank of New York Mellon Corp lifted its position in shares of LaSalle Hotel Properties by 65.1% during the third quarter. Bank of New York Mellon Corp now owns 4,147,536 shares of the real estate investment trust’s stock worth $120,362,000 after acquiring an additional 1,635,160 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of LaSalle Hotel Properties by 1.2% during the third quarter. Principal Financial Group Inc. now owns 2,483,070 shares of the real estate investment trust’s stock worth $72,059,000 after acquiring an additional 29,861 shares in the last quarter. Brookfield Asset Management Inc. purchased a new stake in shares of LaSalle Hotel Properties during the second quarter worth $72,146,000. Finally, Wells Fargo & Company MN lifted its position in shares of LaSalle Hotel Properties by 4.9% during the third quarter. Wells Fargo & Company MN now owns 1,855,122 shares of the real estate investment trust’s stock worth $53,835,000 after acquiring an additional 86,074 shares in the last quarter.

Shares of LaSalle Hotel Properties (NYSE LHO) opened at $28.64 on Tuesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 3.22 and a current ratio of 3.22. LaSalle Hotel Properties has a 1 year low of $27.44 and a 1 year high of $31.75. The stock has a market cap of $3,242.96, a PE ratio of 11.19, a price-to-earnings-growth ratio of 2.45 and a beta of 1.12.

LHO has been the topic of several recent research reports. Boenning Scattergood restated a “hold” rating on shares of LaSalle Hotel Properties in a research report on Monday, October 23rd. Morgan Stanley decreased their price target on shares of LaSalle Hotel Properties from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Monday, October 23rd. Barclays decreased their price target on shares of LaSalle Hotel Properties from $28.00 to $27.00 and set an “underweight” rating on the stock in a report on Monday, October 23rd. Wells Fargo & Co decreased their price target on shares of LaSalle Hotel Properties from $30.00 to $29.00 and set a “market perform” rating on the stock in a report on Tuesday, October 24th. Finally, Robert W. Baird set a $30.00 price target on shares of LaSalle Hotel Properties and gave the stock a “hold” rating in a report on Monday, October 23rd. Eight equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $28.00.

In other LaSalle Hotel Properties news, COO Alfred L. Young sold 17,750 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $28.28, for a total transaction of $501,970.00. Following the completion of the sale, the chief operating officer now directly owns 88,808 shares in the company, valued at $2,511,490.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.38% of the company’s stock.

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LaSalle Hotel Properties Company Profile

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)

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