LaSalle Hotel Properties (NYSE:LHO) saw strong trading volume on Monday . 1,279,218 shares changed 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.

Several research analysts recently weighed in on the company. TheStreet raised LaSalle Hotel Properties from a “hold” rating to a “buy” rating in a research report on Monday. Deutsche Bank AG reaffirmed a “hold” rating on shares of LaSalle Hotel Properties in a research report on Sunday, June 26th. Janney Montgomery Scott assumed coverage on LaSalle Hotel Properties in a research report on Monday, May 23rd. They issued a “neutral” rating and a $24.00 target price on the stock. Bank of America Corp. reaffirmed a “neutral” rating and issued a $25.00 target price (down from $26.00) on shares of LaSalle Hotel Properties in a research report on Friday, May 20th. Finally, Canaccord Genuity reissued a “hold” rating on shares of LaSalle Hotel Properties in a research report on Monday, April 25th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $29.07.

The firm has a market cap of $2.95 billion and a P/E ratio of 22.813. The firm’s 50 day moving average price is $23.68 and its 200-day moving average price is $23.77.

LaSalle Hotel Properties (NYSE:LHO) last announced its quarterly earnings data on Thursday, April 21st. The real estate investment trust reported $0.49 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.06. The company had revenue of $260.10 million for the quarter, compared to analyst estimates of $263.81 million. During the same period in the prior year, the company posted $0.40 EPS. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. Equities analysts forecast that LaSalle Hotel Properties will post $3.00 EPS for the current year.

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

In other LaSalle Hotel Properties news, EVP Bruce A. Riggins sold 15,000 shares of the company’s stock in a transaction dated 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 directly owns 56,696 shares of the company’s stock, valued at $1,386,784.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director William S. Mccalmont sold 2,091 shares of the company’s stock in a transaction dated 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 directly owns 10,250 shares in the company, valued at $247,025. The disclosure for this sale can be found here.

A number of hedge funds have recently modified their holdings of LHO. 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 in the last quarter. Victory Capital Management Inc. boosted its stake in shares of 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 boosted its stake in shares of 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 boosted its stake in shares of 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 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 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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