Sumitomo Mitsui Trust Holdings Inc. Has $3.22 Million Holdings in LaSalle Hotel Properties (LHO)

Sumitomo Mitsui Trust Holdings Inc. raised its position in LaSalle Hotel Properties (NYSE:LHO) by 5.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 111,132 shares of the real estate investment trust’s stock after buying an additional 5,903 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in LaSalle Hotel Properties were worth $3,224,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of LHO. Schwab Charles Investment Management Inc. increased its stake in LaSalle Hotel Properties by 7.4% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,506,400 shares of the real estate investment trust’s stock valued at $42,285,000 after buying an additional 103,470 shares during the last quarter. Bowling Portfolio Management LLC increased its stake in shares of LaSalle Hotel Properties by 32.1% during the 4th quarter. Bowling Portfolio Management LLC now owns 50,324 shares of the real estate investment trust’s stock worth $1,413,000 after purchasing an additional 12,240 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of LaSalle Hotel Properties by 628.2% during the 4th quarter. SG Americas Securities LLC now owns 51,973 shares of the real estate investment trust’s stock worth $1,459,000 after purchasing an additional 61,812 shares during the last quarter. RMR Advisors LLC increased its stake in shares of LaSalle Hotel Properties by 71.7% during the 4th quarter. RMR Advisors LLC now owns 51,500 shares of the real estate investment trust’s stock worth $1,446,000 after purchasing an additional 21,500 shares during the last quarter. Finally, Eqis Capital Management Inc. increased its stake in shares of LaSalle Hotel Properties by 27.1% during the 4th quarter. Eqis Capital Management Inc. now owns 11,810 shares of the real estate investment trust’s stock worth $332,000 after purchasing an additional 2,521 shares during the last quarter.

Several brokerages have recently issued reports on LHO. Barclays decreased their price target on shares of LaSalle Hotel Properties from $27.00 to $24.00 and set an “underweight” rating for the company in a research note on Thursday, February 22nd. ValuEngine lowered shares of LaSalle Hotel Properties from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Zacks Investment Research lowered shares of LaSalle Hotel Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, February 27th. Robert W. Baird set a $30.00 price target on shares of LaSalle Hotel Properties and gave the stock a “buy” rating in a research note on Tuesday, April 3rd. Finally, Boenning Scattergood restated a “hold” rating on shares of LaSalle Hotel Properties in a research note on Friday, May 11th. Six research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $27.68.

In other LaSalle Hotel Properties news, CEO Michael D. Barnello acquired 19,398 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The stock was bought at an average cost of $24.65 per share, with a total value of $478,160.70. Following the acquisition, the chief executive officer now owns 183,221 shares in the company, valued at $4,516,397.65. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.38% of the stock is currently owned by company insiders.

LaSalle Hotel Properties opened at $31.90 on Friday, according to Marketbeat. The company has a market capitalization of $3.49 billion, a P/E ratio of 12.91, a price-to-earnings-growth ratio of 2.86 and a beta of 1.11. LaSalle Hotel Properties has a 12 month low of $24.10 and a 12 month high of $32.18. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.46.

LaSalle Hotel Properties (NYSE:LHO) last released its quarterly earnings data on Thursday, May 10th. The real estate investment trust reported ($0.10) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.37). The business had revenue of $223.00 million during the quarter, compared to the consensus estimate of $216.67 million. LaSalle Hotel Properties had a return on equity of 4.46% and a net margin of 9.55%. The firm’s quarterly revenue was down 12.3% on a year-over-year basis. During the same period last year, the business posted $0.67 earnings per share. equities analysts expect that LaSalle Hotel Properties will post 2.22 earnings per share for the current year.

About LaSalle Hotel Properties

LaSalle Hotel Properties is a leading multi-operator real estate investment trust. The Company owns 41 properties, which are upscale, full-service hotels, totaling approximately 10,400 guest rooms in 11 markets in seven states and the District of Columbia. The Company focuses on owning, redeveloping and repositioning upscale, full-service hotels located in urban, resort and convention markets.

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

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