LaSalle Hotel Properties (NYSE:LHO) rose 1% on Tuesday . The company traded as high as $25.83 and last traded at $25.76, with a volume of 1,830,457 shares. The stock had previously closed at $25.51.

LHO has been the topic of a number of recent research reports. Evercore ISI lifted their target price on LaSalle Hotel Properties to $26.00 in a research report on Monday, March 21st. Deutsche Bank AG reaffirmed a “hold” rating on shares of LaSalle Hotel Properties in a report on Sunday, June 26th. Stifel Nicolaus initiated coverage on LaSalle Hotel Properties in a report on Tuesday, March 29th. They set a “hold” rating on the stock. Canaccord Genuity reaffirmed a “hold” rating on shares of LaSalle Hotel Properties in a report on Monday, April 25th. Finally, Cowen and Company reaffirmed a “market perform” rating and set a $25.00 price objective on shares of LaSalle Hotel Properties in a report on Tuesday, April 12th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $29.07.

The company’s 50 day moving average is $23.68 and its 200 day moving average is $23.77. The firm has a market capitalization of $2.92 billion and a P/E ratio of 22.59.

LaSalle Hotel Properties (NYSE:LHO) last announced its earnings results on Thursday, April 21st. The real estate investment trust reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.06. During the same period in the prior year, the business posted $0.40 earnings per share. The business had revenue of $260.10 million for the quarter, compared to the consensus estimate of $263.81 million. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, equities analysts forecast that LaSalle Hotel Properties will post $3.00 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, June 28th. This represents a $1.80 annualized dividend and a dividend yield of 6.97%.

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

Several hedge funds have recently bought and sold shares of LHO. I.G. Investment Management LTD. raised its stake in 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 in the last quarter. Victory Capital Management Inc. raised its stake in LaSalle Hotel Properties by 9.0% in the fourth quarter. Victory Capital Management Inc. now owns 942,254 shares of the real estate investment trust’s stock valued at $23,706,000 after buying an additional 77,775 shares in the last quarter. Wells Fargo & Company MN raised its stake in LaSalle Hotel Properties by 17.1% in the fourth quarter. Wells Fargo & Company MN now owns 729,060 shares of the real estate investment trust’s stock valued at $18,344,000 after buying an additional 106,611 shares in the last quarter. Morgan Stanley raised its stake in LaSalle Hotel Properties by 162.7% in the fourth quarter. Morgan Stanley now owns 6,359,704 shares of the real estate investment trust’s stock valued at $160,011,000 after buying an additional 3,938,776 shares in the last quarter. Finally, Mutual of America Capital Management LLC raised its stake in 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 in the last quarter.

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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