Legal & General Group Plc increased its stake in shares of LaSalle Hotel Properties (NYSE:LHO) by 6.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 755,112 shares of the real estate investment trust’s stock after buying an additional 48,355 shares during the period. Legal & General Group Plc owned 0.67% of LaSalle Hotel Properties worth $22,510,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in LHO. 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 during the last quarter. Capstone Asset Management Co. increased its stake in shares of LaSalle Hotel Properties by 5.3% in the first quarter. Capstone Asset Management Co. now owns 10,705 shares of the real estate investment trust’s stock valued at $310,000 after buying an additional 540 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of LaSalle Hotel Properties by 1.8% in the first quarter. Louisiana State Employees Retirement System now owns 28,500 shares of the real estate investment trust’s stock valued at $825,000 after buying an additional 500 shares during the period. IFP Advisors Inc increased its stake in shares of LaSalle Hotel Properties by 9.4% in the first quarter. IFP Advisors Inc now owns 3,985 shares of the real estate investment trust’s stock valued at $115,000 after buying an additional 343 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its stake in shares of LaSalle Hotel Properties by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 39,594 shares of the real estate investment trust’s stock valued at $1,146,000 after buying an additional 500 shares during the period.

Shares of LaSalle Hotel Properties (NYSE LHO) opened at 28.38 on Friday. The firm has a market capitalization of $3.21 billion, a P/E ratio of 10.55 and a beta of 1.16. The firm’s 50-day moving average is $28.82 and its 200 day moving average is $29.21. LaSalle Hotel Properties has a 12 month low of $23.05 and a 12 month high of $31.87.

LaSalle Hotel Properties (NYSE:LHO) last released its earnings results on Wednesday, July 19th. The real estate investment trust reported $0.81 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.82 by $0.01. The company had revenue of $307.04 million during the quarter, compared to analysts’ expectations of $318.94 million. LaSalle Hotel Properties had a net margin of 27.85% and a return on equity of 13.05%. The firm’s revenue was down 12.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.95 earnings per share. On average, equities research analysts anticipate that LaSalle Hotel Properties will post $1.68 EPS for the current year.

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Several equities research analysts recently issued reports on LHO shares. Zacks Investment Research upgraded shares of LaSalle Hotel Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, June 6th. BidaskClub upgraded shares of LaSalle Hotel Properties from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Robert W. Baird reiterated a “neutral” rating and issued a $31.00 target price (up from $30.00) on shares of LaSalle Hotel Properties in a research note on Friday, June 16th. 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. Finally, Deutsche Bank AG cut 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. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $28.88.

LaSalle Hotel Properties Company 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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Institutional Ownership by Quarter for LaSalle Hotel Properties (NYSE:LHO)

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