LaSalle Hotel Properties (NYSE:LHO) shares saw an uptick in trading volume on Monday . 1,279,218 shares traded hands during mid-day trading, a decline of 21% from the previous session’s volume of 1,622,755 shares.The stock last traded at $25.40 and had previously closed at $25.33.

A number of brokerages have weighed in on LHO. Evercore ISI upped their price objective on shares of LaSalle Hotel Properties to $26.00 in a research report on Monday, March 21st. Credit Suisse Group AG upped their price objective on shares of LaSalle Hotel Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 23rd. Stifel Nicolaus began coverage on shares of LaSalle Hotel Properties in a research report on Tuesday, March 29th. They issued a “hold” rating for the company. Cowen and Company reiterated a “market perform” rating and issued a $25.00 price objective on shares of LaSalle Hotel Properties in a research report on Tuesday, April 12th. Finally, Canaccord Genuity reiterated a “hold” rating on shares of LaSalle Hotel Properties in a research report on Monday, April 25th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and one has assigned a buy rating to the company. LaSalle Hotel Properties currently has a consensus rating of “Hold” and a consensus target price of $29.07.

The stock has a market capitalization of $2.88 billion and a price-to-earnings ratio of 22.32. The firm’s 50 day moving average is $23.61 and its 200-day moving average is $23.75.

LaSalle Hotel Properties (NYSE:LHO) last issued its earnings results on Thursday, April 21st. The real estate investment trust reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.06. During the same period in the previous year, the firm earned $0.40 EPS. The firm earned $260.10 million during the quarter, compared to analysts’ expectations of $263.81 million. The firm’s revenue was up 3.7% on a year-over-year basis. Equities analysts forecast that LaSalle Hotel Properties will post $3.00 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 7.06%. The ex-dividend date of this dividend was Tuesday, June 28th.

In related news, EVP Bruce A. Riggins sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, April 26th. The shares were sold at an average price of $24.46, for a total value of $366,900.00. Following the completion of the sale, the executive vice president now owns 56,696 shares in the company, valued at $1,386,784.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William S. Mccalmont sold 2,091 shares of the firm’s stock in a transaction dated Monday, May 2nd. The shares were sold at an average price of $24.10, for a total transaction of $50,393.10. Following the completion of the sale, the director now owns 10,250 shares of the company’s stock, valued at approximately $247,025. The disclosure for this sale can be found here.

Several hedge funds recently made changes to their positions in LHO. Green Street Investors LLC bought a new stake in shares of LaSalle Hotel Properties during the fourth quarter valued at approximately $1,127,000. I.G. Investment Management LTD. boosted its stake in shares of LaSalle Hotel Properties by 4.3% in the fourth quarter. I.G. Investment Management LTD. now owns 62,508 shares of the real estate investment trust’s stock valued at $1,573,000 after buying an additional 2,578 shares during the period. ProShare Advisors LLC boosted its stake in shares of LaSalle Hotel Properties by 19.9% in the fourth quarter. ProShare Advisors LLC now owns 67,657 shares of the real estate investment trust’s stock valued at $1,702,000 after buying an additional 11,241 shares during the period. Liberty Mutual Group Asset Management Inc. boosted its stake in shares of LaSalle Hotel Properties by 51.5% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 72,931 shares of the real estate investment trust’s stock valued at $1,836,000 after buying an additional 24,776 shares during the period. Finally, Mutual of America Capital Management LLC boosted its stake in shares of LaSalle Hotel Properties by 0.9% in the fourth quarter. Mutual of America Capital Management LLC now owns 77,223 shares of the real estate investment trust’s stock valued at $1,943,000 after buying an additional 709 shares during the period.

Lasalle Hotel Properties is a self-administered and self-managed real estate investment trust (REIT). The Company primarily buys, owns, redevelops and leases upscale and luxury hotels located in convention, resort and urban business markets. The Company owns interest in approximately 50 hotels with over 12,000 guest rooms located in approximately 10 states and the District of Columbia.

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