Fox Run Management L.L.C. purchased a new position in shares of LaSalle Hotel Properties (NYSE:LHO) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 7,300 shares of the real estate investment trust’s stock, valued at approximately $212,000.
A number of other large investors have also modified their holdings of LHO. First Mercantile Trust Co. boosted its stake in LaSalle Hotel Properties by 1.9% during the 2nd quarter. First Mercantile Trust Co. now owns 3,790 shares of the real estate investment trust’s stock worth $113,000 after purchasing an additional 70 shares during the period. Ffcm LLC boosted its stake in LaSalle Hotel Properties by 150.1% during the 2nd quarter. Ffcm LLC now owns 4,074 shares of the real estate investment trust’s stock worth $125,000 after purchasing an additional 2,445 shares during the period. IFP Advisors Inc boosted its stake in LaSalle Hotel Properties by 14.9% during the 2nd quarter. IFP Advisors Inc now owns 4,577 shares of the real estate investment trust’s stock worth $136,000 after purchasing an additional 592 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in LaSalle Hotel Properties during the 1st quarter worth $178,000. Finally, World Asset Management Inc acquired a new stake in LaSalle Hotel Properties during the 2nd quarter worth $214,000.
LaSalle Hotel Properties (LHO) opened at $28.47 on Monday. The company has a current ratio of 3.22, a quick ratio of 3.22 and a debt-to-equity ratio of 0.45. LaSalle Hotel Properties has a twelve month low of $23.06 and a twelve month high of $31.87. The firm has a market cap of $3,223.71, a PE ratio of 11.12, a price-to-earnings-growth ratio of 2.30 and a beta of 1.12.
LaSalle Hotel Properties (NYSE:LHO) last posted its earnings results on Thursday, October 19th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by ($0.46). LaSalle Hotel Properties had a net margin of 18.10% and a return on equity of 8.31%. The business had revenue of $285.90 million for the quarter, compared to analysts’ expectations of $295.02 million. During the same quarter last year, the business posted $0.84 earnings per share. The business’s revenue was down 12.5% compared to the same quarter last year. equities research analysts anticipate that LaSalle Hotel Properties will post 2.48 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.80 annualized dividend and a yield of 6.32%. LaSalle Hotel Properties’s dividend payout ratio (DPR) is currently 111.11%.
Several analysts have recently commented on the stock. Stifel Nicolaus restated a “hold” rating on shares of LaSalle Hotel Properties in a research note on Tuesday, October 17th. Zacks Investment Research upgraded shares of LaSalle Hotel Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Goldman Sachs Group, Inc. (The) cut shares of 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 note on Wednesday, August 2nd. Deutsche Bank AG reduced their target price on shares of LaSalle Hotel Properties from $28.00 to $27.00 and set a “hold” rating for the company in a research note on Friday, July 21st. Finally, BidaskClub cut shares of LaSalle Hotel Properties from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Three research analysts have rated the stock with a sell rating and thirteen have given a hold rating to the stock. LaSalle Hotel Properties has an average rating of “Hold” and a consensus target price of $29.00.
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LaSalle Hotel Properties 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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