RMR Advisors LLC continued to hold its stake in LaSalle Hotel Properties (NYSE:LHO) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,000 shares of the real estate investment trust’s stock at the end of the second quarter. RMR Advisors LLC’s holdings in LaSalle Hotel Properties were worth $298,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of LHO. Renaissance Technologies LLC acquired a new stake in LaSalle Hotel Properties during the fourth quarter worth about $2,977,000. Highbridge Capital Management LLC acquired a new stake in LaSalle Hotel Properties during the fourth quarter worth about $324,000. Macquarie Group Ltd. boosted its position in shares of LaSalle Hotel Properties by 8.5% in the fourth quarter. Macquarie Group Ltd. now owns 777,210 shares of the real estate investment trust’s stock valued at $23,682,000 after buying an additional 60,812 shares in the last quarter. F&V Capital Management LLC boosted its position in shares of LaSalle Hotel Properties by 4.8% in the first quarter. F&V Capital Management LLC now owns 139,905 shares of the real estate investment trust’s stock valued at $4,050,000 after buying an additional 6,460 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in shares of LaSalle Hotel Properties by 535.5% in the first quarter. Bank of Montreal Can now owns 12,132 shares of the real estate investment trust’s stock valued at $351,000 after buying an additional 10,223 shares in the last quarter.
Shares of LaSalle Hotel Properties (NYSE LHO) opened at 27.80 on Friday. LaSalle Hotel Properties has a one year low of $23.05 and a one year high of $31.87. The firm’s 50-day moving average price is $29.30 and its 200 day moving average price is $29.35. The firm has a market cap of $3.15 billion, a P/E ratio of 10.34 and a beta of 1.16.
LaSalle Hotel Properties (NYSE:LHO) last announced its quarterly earnings data on Wednesday, July 19th. The real estate investment trust reported $0.81 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.82 by $0.01. LaSalle Hotel Properties had a net margin of 27.85% and a return on equity of 13.05%. The company had revenue of $307.04 million for the quarter, compared to analysts’ expectations of $318.94 million. During the same quarter in the previous year, the firm posted $0.95 EPS. The firm’s quarterly revenue was down 12.5% compared to the same quarter last year. Analysts predict that LaSalle Hotel Properties will post $1.68 EPS for the current year.
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LHO has been the subject of several research reports. Zacks Investment Research cut shares of LaSalle Hotel Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, April 26th. BidaskClub raised shares of LaSalle Hotel Properties from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Goldman Sachs Group, Inc. (The) cut shares of LaSalle Hotel Properties from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $25.00 to $24.00 in a research note on Wednesday, August 2nd. Barclays PLC reaffirmed an “underweight” rating and set a $28.00 price target (up from $27.00) on shares of LaSalle Hotel Properties in a research note on Sunday, April 23rd. Finally, Boenning Scattergood set a $35.00 target price on shares of LaSalle Hotel Properties and gave the company a “buy” rating in a research note on Tuesday, June 27th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $28.88.
About LaSalle Hotel Properties
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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