Axa lifted its stake in LaSalle Hotel Properties (NYSE:LHO) by 40.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 327,640 shares of the real estate investment trust’s stock after acquiring an additional 93,938 shares during the period. Axa owned approximately 0.29% of LaSalle Hotel Properties worth $9,197,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Assetmark Inc. grew its stake in shares of LaSalle Hotel Properties by 4,082.5% in the fourth quarter. Assetmark Inc. now owns 4,057 shares of the real estate investment trust’s stock worth $114,000 after acquiring an additional 3,960 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of LaSalle Hotel Properties in the third quarter worth $174,000. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of LaSalle Hotel Properties by 58.1% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,766 shares of the real estate investment trust’s stock worth $312,000 after acquiring an additional 3,956 shares during the last quarter. Eqis Capital Management Inc. grew its stake in shares of LaSalle Hotel Properties by 27.1% in the fourth quarter. Eqis Capital Management Inc. now owns 11,810 shares of the real estate investment trust’s stock worth $332,000 after acquiring an additional 2,521 shares during the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of LaSalle Hotel Properties in the third quarter worth $356,000.
Several brokerages have recently issued reports on LHO. Zacks Investment Research upgraded shares of LaSalle Hotel Properties from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research note on Tuesday, January 9th. Boenning Scattergood reiterated a “sell” rating on shares of LaSalle Hotel Properties in a research note on Thursday, February 22nd. Barclays decreased their price target on shares of LaSalle Hotel Properties from $27.00 to $24.00 and set an “underweight” rating on the stock in a research note on Thursday, February 22nd. ValuEngine downgraded shares of LaSalle Hotel Properties from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $26.00 price target on shares of LaSalle Hotel Properties in a research note on Friday, February 23rd. Nine investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $26.73.
LaSalle Hotel Properties (LHO) opened at $25.87 on Tuesday. The stock has a market capitalization of $2,930.00, a price-to-earnings ratio of 16.80, a price-to-earnings-growth ratio of 2.47 and a beta of 1.28. LaSalle Hotel Properties has a twelve month low of $24.10 and a twelve month high of $31.75. The company has a debt-to-equity ratio of 0.45, a quick ratio of 3.30 and a current ratio of 3.30.
LaSalle Hotel Properties (NYSE:LHO) last issued its quarterly earnings data on Tuesday, February 20th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.39). The company had revenue of $257.51 million for the quarter, compared to the consensus estimate of $261.42 million. LaSalle Hotel Properties had a net margin of 17.65% and a return on equity of 8.11%. equities research analysts anticipate that LaSalle Hotel Properties will post 2.1 EPS for the current year.
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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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