American Century Companies Inc. grew its holdings in LaSalle Hotel Properties (NYSE:LHO) by 5.0% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 478,984 shares of the real estate investment trust’s stock after acquiring an additional 22,784 shares during the quarter. American Century Companies Inc. owned about 0.42% of LaSalle Hotel Properties worth $14,274,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. First Mercantile Trust Co. increased its holdings in shares of LaSalle Hotel Properties by 1.9% in the 2nd quarter. First Mercantile Trust Co. now owns 3,790 shares of the real estate investment trust’s stock valued at $113,000 after acquiring an additional 70 shares during the last quarter. IFP Advisors Inc boosted its position in shares of LaSalle Hotel Properties by 9.4% in the 1st quarter. IFP Advisors Inc now owns 3,985 shares of the real estate investment trust’s stock valued at $115,000 after purchasing an additional 343 shares during the period. Tyers Asset Management LLC boosted its position in shares of LaSalle Hotel Properties by 2.2% in the 1st quarter. Tyers Asset Management LLC now owns 4,004 shares of the real estate investment trust’s stock valued at $116,000 after purchasing an additional 88 shares during the period. Flinton Capital Management LLC boosted its position in shares of LaSalle Hotel Properties by 2.2% in the 1st quarter. Flinton Capital Management LLC now owns 5,096 shares of the real estate investment trust’s stock valued at $148,000 after purchasing an additional 112 shares during the period. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of LaSalle Hotel Properties in the 1st quarter valued at about $178,000.

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A number of brokerages recently issued reports on LHO. BidaskClub raised LaSalle Hotel Properties from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Boenning Scattergood cut LaSalle Hotel Properties from an “outperform” rating to a “neutral” rating in a research report on Thursday, August 24th. Goldman Sachs Group, Inc. (The) cut LaSalle Hotel Properties from a “neutral” rating to a “sell” rating and decreased their target price for the company from $25.00 to $24.00 in a research report on Wednesday, August 2nd. Deutsche Bank AG decreased their target price on LaSalle Hotel Properties from $28.00 to $27.00 and set a “hold” rating for the company in a research report on Friday, July 21st. Finally, Zacks Investment Research raised LaSalle Hotel Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, June 6th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company. LaSalle Hotel Properties has an average rating of “Hold” and an average price target of $28.88.

Shares of LaSalle Hotel Properties (NYSE LHO) opened at 28.53 on Monday. LaSalle Hotel Properties has a 12-month low of $23.05 and a 12-month high of $31.87. The firm has a market capitalization of $3.23 billion, a PE ratio of 10.61 and a beta of 1.17. The stock has a 50 day moving average price of $28.77 and a 200 day moving average price of $29.20.

LaSalle Hotel Properties (NYSE:LHO) last issued 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 Thomson Reuters’ consensus estimate of $0.82 by $0.01. The business had revenue of $307.04 million for the quarter, compared to analyst estimates of $318.94 million. LaSalle Hotel Properties had a return on equity of 13.05% and a net margin of 27.85%. The business’s quarterly revenue was down 12.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.95 earnings per share. Analysts predict that LaSalle Hotel Properties will post $1.68 EPS for the current fiscal year.

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

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