Shares of LaSalle Hotel Properties (NYSE:LHO) fell 2.8% during trading on Tuesday . The company traded as low as $27.09 and last traded at $27.54, with a volume of 1,500,084 shares trading hands. The stock had previously closed at $28.32.

A number of brokerages have recently commented on LHO. Credit Suisse Group AG cut LaSalle Hotel Properties from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $26.00 to $25.00 in a research note on Thursday, July 21st. Zacks Investment Research cut LaSalle Hotel Properties from a “hold” rating to a “sell” rating in a research note on Thursday, July 21st. Janney Montgomery Scott began coverage on LaSalle Hotel Properties in a research note on Monday, May 23rd. They issued a “neutral” rating and a $24.00 price target for the company. TheStreet raised LaSalle Hotel Properties from a “hold” rating to a “buy” rating in a research note on Monday, July 18th. Finally, Stifel Nicolaus began coverage on LaSalle Hotel Properties in a research note on Tuesday, March 29th. They issued a “hold” rating for the company. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $28.21.

The company’s 50 day moving average is $24.16 and its 200-day moving average is $23.85. The company has a market capitalization of $3.11 billion and a P/E ratio of 24.11.

LaSalle Hotel Properties (NYSE:LHO) last announced its quarterly earnings data on Wednesday, July 20th. The real estate investment trust reported $0.95 EPS for the quarter, meeting the consensus estimate of $0.95. The firm had revenue of $351.10 million for the quarter, compared to the consensus estimate of $344.43 million. LaSalle Hotel Properties’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.91 earnings per share. On average, analysts forecast that LaSalle Hotel Properties will post $2.94 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were given a dividend of $0.45 per share. The ex-dividend date was Tuesday, June 28th. This represents a $1.80 annualized dividend and a yield of 6.55%.

In related news, Director William S. Mccalmont sold 2,091 shares of the firm’s 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 transaction, the director now directly owns 10,250 shares in the company, valued at approximately $247,025. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

A number of institutional investors recently bought and sold shares of LHO. Morgan Stanley raised its position 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 during the last quarter. Wells Fargo & Company MN raised its position 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 during the last quarter. Vanguard Group Inc. raised its position in LaSalle Hotel Properties by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 16,247,476 shares of the real estate investment trust’s stock valued at $408,787,000 after buying an additional 98,287 shares during the last quarter. Victory Capital Management Inc. raised its position 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 during the last quarter. Finally, Liberty Mutual Group Asset Management Inc. raised its position in 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 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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