Alps Advisors Inc. lifted its position in LaSalle Hotel Properties (NYSE:LHO) by 26.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,206 shares of the real estate investment trust’s stock after buying an additional 3,372 shares during the period. Alps Advisors Inc.’s holdings in LaSalle Hotel Properties were worth $470,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. First Mercantile Trust Co. raised its stake 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 worth $113,000 after buying an additional 70 shares in the last quarter. GAM Holding AG raised its stake in shares of LaSalle Hotel Properties by 3.7% in the 2nd quarter. GAM Holding AG now owns 9,786 shares of the real estate investment trust’s stock worth $292,000 after buying an additional 347 shares in the last quarter. IFP Advisors Inc raised its stake in shares of LaSalle Hotel Properties by 14.9% in the 2nd quarter. IFP Advisors Inc now owns 4,577 shares of the real estate investment trust’s stock worth $136,000 after buying an additional 592 shares in the last quarter. Capstone Asset Management Co. raised its position in shares of LaSalle Hotel Properties by 6.4% during the second quarter. Capstone Asset Management Co. now owns 11,385 shares of the real estate investment trust’s stock worth $339,000 after purchasing an additional 680 shares during the period. Finally, Arizona State Retirement System raised its position in shares of LaSalle Hotel Properties by 1.5% during the second quarter. Arizona State Retirement System now owns 47,700 shares of the real estate investment trust’s stock worth $1,421,000 after purchasing an additional 700 shares during the period.

LaSalle Hotel Properties (NYSE:LHO) opened at $28.18 on Monday. The firm has a market capitalization of $3,190.87, a price-to-earnings ratio of 11.01, a P/E/G ratio of 2.29 and a beta of 1.12. LaSalle Hotel Properties has a 52-week low of $26.82 and a 52-week high of $31.87. The company has a current ratio of 3.22, a quick ratio of 3.22 and a debt-to-equity ratio of 0.45.

LaSalle Hotel Properties (NYSE:LHO) last posted its quarterly earnings results on Thursday, October 19th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.46). The business had revenue of $285.90 million for the quarter, compared to analyst estimates of $295.02 million. LaSalle Hotel Properties had a net margin of 18.10% and a return on equity of 8.31%. The firm’s quarterly revenue was down 12.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.84 earnings per share. equities analysts predict that LaSalle Hotel Properties will post 2.46 EPS for the current fiscal year.

A number of equities research analysts have recently issued reports on the company. Stifel Nicolaus reaffirmed a “hold” rating on shares of LaSalle Hotel Properties in a research report on Tuesday, October 17th. Zacks Investment Research raised LaSalle Hotel Properties from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Goldman Sachs Group, Inc. (The) lowered LaSalle Hotel Properties from a “neutral” rating to a “sell” rating and cut their target price for the stock from $25.00 to $24.00 in a research report on Wednesday, August 2nd. BidaskClub lowered LaSalle Hotel Properties from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Finally, Robert W. Baird set a $31.00 target price on LaSalle Hotel Properties and gave the stock a “hold” rating in a research report on Sunday, October 1st. Five analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $28.64.

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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).

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

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