LaSalle Hotel Properties (LHO) Shares Sold by Guardian Capital LP
Guardian Capital LP lessened its holdings in shares of LaSalle Hotel Properties (NYSE:LHO) by 3.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 8,363 shares of the real estate investment trust’s stock after selling 274 shares during the period. Guardian Capital LP’s holdings in LaSalle Hotel Properties were worth $249,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. UBS Asset Management Americas Inc. grew its holdings in LaSalle Hotel Properties by 21.1% in the 1st quarter. UBS Asset Management Americas Inc. now owns 232,063 shares of the real estate investment trust’s stock valued at $6,718,000 after buying an additional 40,505 shares during the last quarter. Karp Capital Management Corp bought a new position in LaSalle Hotel Properties during the first quarter worth $1,090,000. Sei Investments Co. increased its position in LaSalle Hotel Properties by 26.2% during the first quarter. Sei Investments Co. now owns 95,643 shares of the real estate investment trust’s stock worth $2,768,000 after acquiring an additional 19,885 shares during the period. Quantbot Technologies LP bought a new position in LaSalle Hotel Properties during the first quarter worth $258,000. Finally, Los Angeles Capital Management & Equity Research Inc. increased its position in LaSalle Hotel Properties by 0.3% during the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 64,400 shares of the real estate investment trust’s stock worth $1,864,000 after acquiring an additional 200 shares during the period.
A number of analysts have commented on LHO shares. Robert W. Baird set a $31.00 price objective on LaSalle Hotel Properties and gave the stock a “hold” rating in a research report on Sunday. BidaskClub upgraded LaSalle Hotel Properties from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Boenning Scattergood cut LaSalle Hotel Properties from an “outperform” rating to a “neutral” rating in a research report on Thursday, August 24th. Goldman Sachs Group, Inc. (The) cut LaSalle Hotel Properties from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $25.00 to $24.00 in a research report on Wednesday, August 2nd. Finally, Deutsche Bank AG decreased their price target on shares of LaSalle Hotel Properties from $28.00 to $27.00 and set a “hold” rating on the stock in a research note on Friday, July 21st. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $28.88.
LaSalle Hotel Properties (NYSE LHO) traded down 0.69% during midday trading on Tuesday, hitting $28.92. 42,534 shares of the stock traded hands. The firm’s 50 day moving average is $28.45 and its 200-day moving average is $29.10. LaSalle Hotel Properties has a 12-month low of $23.05 and a 12-month high of $31.87. The stock has a market capitalization of $3.27 billion, a PE ratio of 10.75 and a beta of 1.18.
LaSalle Hotel Properties (NYSE:LHO) last released its earnings results on Wednesday, July 19th. The real estate investment trust reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). The company had revenue of $307.04 million for the quarter, compared to the consensus estimate of $318.94 million. LaSalle Hotel Properties had a net margin of 27.85% and a return on equity of 13.05%. The business’s revenue was down 12.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.95 earnings per share. On average, analysts anticipate that LaSalle Hotel Properties will post $1.68 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.18%. The ex-dividend date of this dividend is Thursday, September 28th. LaSalle Hotel Properties’s payout ratio is currently 66.91%.
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).
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