Seizert Capital Partners LLC lifted its position in LaSalle Hotel Properties (NYSE:LHO) by 12.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 114,617 shares of the real estate investment trust’s stock after buying an additional 12,320 shares during the quarter. Seizert Capital Partners LLC owned about 0.10% of LaSalle Hotel Properties worth $3,416,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in LHO. First Mercantile Trust Co. grew its stake in shares of LaSalle Hotel Properties by 1.9% in the second quarter. First Mercantile Trust Co. now owns 3,790 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 70 shares in the last quarter. IFP Advisors Inc grew 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 in the last quarter. Tyers Asset Management LLC grew its stake in shares of LaSalle Hotel Properties by 2.2% in the first quarter. Tyers Asset Management LLC now owns 4,004 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 88 shares in the last quarter. Flinton Capital Management LLC boosted its position in LaSalle Hotel Properties by 2.2% during the first quarter. Flinton Capital Management LLC now owns 5,096 shares of the real estate investment trust’s stock worth $148,000 after purchasing an additional 112 shares during the period. Finally, Oppenheimer Asset Management Inc. bought a new position in LaSalle Hotel Properties during the first quarter worth $178,000.

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A number of research firms have commented on LHO. Goldman Sachs Group, Inc. (The) cut shares of LaSalle Hotel Properties from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $25.00 to $24.00 in a research report on Wednesday, August 2nd. BidaskClub cut shares of LaSalle Hotel Properties from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Boenning Scattergood cut shares of LaSalle Hotel Properties from an “outperform” rating to a “neutral” rating in a research report on Thursday, August 24th. Robert W. Baird set a $31.00 price objective on shares of LaSalle Hotel Properties and gave the stock a “hold” rating in a research report on Friday, August 25th. Finally, Zacks Investment Research raised shares of LaSalle Hotel Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, June 6th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company’s stock. LaSalle Hotel Properties has an average rating of “Hold” and a consensus target price 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 cap of $3.23 billion, a P/E ratio of 10.61 and a beta of 1.17. The stock’s 50 day moving average price is $28.77 and its 200-day moving average price is $29.20.

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

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

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