Millennium Management LLC raised its position in shares of LaSalle Hotel Properties (NYSE:LHO) by 58.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 933,894 shares of the real estate investment trust’s stock after acquiring an additional 342,724 shares during the period. Millennium Management LLC owned approximately 0.85% of LaSalle Hotel Properties worth $31,967,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the business. Soros Fund Management LLC bought a new position in LaSalle Hotel Properties during the second quarter valued at $3,166,000. Omni Partners LLP bought a new position in LaSalle Hotel Properties during the second quarter valued at $4,398,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its position in LaSalle Hotel Properties by 645.0% during the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 283,700 shares of the real estate investment trust’s stock valued at $9,711,000 after acquiring an additional 245,621 shares during the last quarter. Alpine Global Management LLC bought a new position in LaSalle Hotel Properties during the second quarter valued at $2,128,000. Finally, Paulson & CO. Inc. bought a new position in LaSalle Hotel Properties during the second quarter valued at $1,232,000. Institutional investors and hedge funds own 97.90% of the company’s stock.

A number of research analysts have recently commented on LHO shares. BTIG Research upgraded shares of LaSalle Hotel Properties from a “neutral” rating to a “buy” rating in a report on Thursday, May 31st. ValuEngine cut shares of LaSalle Hotel Properties from a “buy” rating to a “hold” rating in a report on Saturday, June 16th. Zacks Investment Research cut shares of LaSalle Hotel Properties from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. JPMorgan Chase & Co. upped their price target on shares of LaSalle Hotel Properties from $29.00 to $30.00 and gave the stock a “neutral” rating in a report on Friday, August 10th. Finally, Barclays restated a “hold” rating and issued a $39.00 price target on shares of LaSalle Hotel Properties in a report on Sunday, September 9th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $29.54.

NYSE:LHO opened at $34.47 on Monday. LaSalle Hotel Properties has a 1-year low of $24.10 and a 1-year high of $36.13. The stock has a market capitalization of $3.81 billion, a P/E ratio of 14.92, a price-to-earnings-growth ratio of 3.02 and a beta of 1.09. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.46.

LaSalle Hotel Properties (NYSE:LHO) last released its quarterly earnings data on Thursday, August 9th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.49). LaSalle Hotel Properties had a return on equity of 3.31% and a net margin of 7.08%. The business had revenue of $304.60 million during the quarter, compared to analysts’ expectations of $300.86 million. During the same period last year, the company earned $0.81 earnings per share. The firm’s revenue was down .8% compared to the same quarter last year. analysts predict that LaSalle Hotel Properties will post 2.28 earnings per share for the current fiscal 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 10,452 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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