Today: The LaSalle Hotel Properties (LHO) Position Boosted by Pensionfund Sabic

The LaSalle Hotel Properties (LHO) Position Boosted by Pensionfund Sabic

Pensionfund Sabic raised its stake in shares of LaSalle Hotel Properties (NYSE:LHO) by 135.9% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,300 shares of the real estate investment trust’s stock after buying an additional 14,000 shares during the period. Pensionfund Sabic’s holdings in LaSalle Hotel Properties were worth $580,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. State Treasurer State of Michigan boosted its stake in LaSalle Hotel Properties by 0.7% in the second quarter. State Treasurer State of Michigan now owns 45,400 shares of the real estate investment trust’s stock valued at $1,071,000 after buying an additional 300 shares in the last quarter. Independent Portfolio Consultants Inc. boosted its stake in LaSalle Hotel Properties by 5.0% in the third quarter. Independent Portfolio Consultants Inc. now owns 7,300 shares of the real estate investment trust’s stock valued at $174,000 after buying an additional 345 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in LaSalle Hotel Properties by 1.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 36,365 shares of the real estate investment trust’s stock valued at $857,000 after buying an additional 393 shares in the last quarter. Hsbc Holdings PLC boosted its stake in LaSalle Hotel Properties by 2.5% in the second quarter. Hsbc Holdings PLC now owns 18,346 shares of the real estate investment trust’s stock valued at $433,000 after buying an additional 445 shares in the last quarter. Finally, Ameritas Investment Partners Inc. boosted its stake in LaSalle Hotel Properties by 2.0% in the second quarter. Ameritas Investment Partners Inc. now owns 26,194 shares of the real estate investment trust’s stock valued at $618,000 after buying an additional 502 shares in the last quarter.

Shares of LaSalle Hotel Properties (NYSE:LHO) traded up 1.22% during midday trading on Friday, hitting $27.33. The stock had a trading volume of 805,264 shares. The firm has a market cap of $3.09 billion, a price-to-earnings ratio of 13.08 and a beta of 1.14. The company’s 50-day moving average price is $25.14 and its 200-day moving average price is $25.13. LaSalle Hotel Properties has a 12-month low of $19.01 and a 12-month high of $29.10.

LaSalle Hotel Properties (NYSE:LHO) last released its earnings results on Wednesday, October 19th. The real estate investment trust reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by $0.03. The firm earned $326.90 million during the quarter, compared to analyst estimates of $328.95 million. LaSalle Hotel Properties had a return on equity of 10.61% and a net margin of 20.49%. The business’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter last year, the company earned $0.87 earnings per share. Equities research analysts forecast that LaSalle Hotel Properties will post $2.89 EPS for the current year.

Several research firms have recently commented on LHO. Citigroup Inc. reissued a “hold” rating and issued a $24.00 price target on shares of LaSalle Hotel Properties in a report on Wednesday, October 5th. Zacks Investment Research raised LaSalle Hotel Properties from a “sell” rating to a “hold” rating in a report on Tuesday, August 16th. Morgan Stanley reaffirmed an “equal weight” rating and set a $21.00 price objective (down from $22.00) on shares of LaSalle Hotel Properties in a report on Tuesday, November 15th. Canaccord Genuity reaffirmed a “hold” rating and set a $25.00 price objective on shares of LaSalle Hotel Properties in a report on Thursday, October 20th. Finally, BTIG Research started coverage on LaSalle Hotel Properties in a report on Thursday, August 25th. They set a “neutral” rating for the company. Two analysts have rated the stock with a sell rating, fourteen 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 price target of $25.09.

About LaSalle Hotel Properties

Lasalle Hotel Properties is a self-administered and self-managed real estate investment trust (REIT). The Company primarily buys, owns, redevelops and leases upscale and luxury hotels located in convention, resort and urban business markets. The Company owns interest in approximately 50 hotels with over 12,000 guest rooms located in approximately 10 states and the District of Columbia.

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