Independent Order of Foresters maintained its position in shares of LaSalle Hotel Properties (NYSE:LHO) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,324 shares of the real estate investment trust’s stock at the end of the second quarter. Independent Order of Foresters’ holdings in LaSalle Hotel Properties were worth $755,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tyers Asset Management LLC increased its position in shares of LaSalle Hotel Properties by 2.2% in the first quarter. Tyers Asset Management LLC now owns 4,004 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 88 shares in the last quarter. Flinton Capital Management LLC boosted its stake in LaSalle Hotel Properties by 2.2% in the first quarter. Flinton Capital Management LLC now owns 5,096 shares of the real estate investment trust’s stock worth $148,000 after buying an additional 112 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in LaSalle Hotel Properties by 0.8% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 17,265 shares of the real estate investment trust’s stock worth $500,000 after buying an additional 130 shares in the last quarter. Neuburgh Advisers LLC boosted its stake in LaSalle Hotel Properties by 2.2% in the first quarter. Neuburgh Advisers LLC now owns 6,188 shares of the real estate investment trust’s stock worth $179,000 after buying an additional 136 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its stake in LaSalle Hotel Properties by 0.3% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 64,400 shares of the real estate investment trust’s stock worth $1,864,000 after buying an additional 200 shares in the last quarter.

LaSalle Hotel Properties (NYSE:LHO) opened at 28.90 on Tuesday. The firm has a 50-day moving average price of $30.27 and a 200-day moving average price of $29.53. The firm has a market cap of $3.27 billion, a price-to-earnings ratio of 10.75 and a beta of 1.16. LaSalle Hotel Properties has a 1-year low of $23.05 and a 1-year high of $31.87.

LaSalle Hotel Properties (NYSE:LHO) last released its quarterly earnings data on Wednesday, July 19th. The real estate investment trust reported $0.81 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by $0.01. LaSalle Hotel Properties had a net margin of 27.85% and a return on equity of 13.05%. The firm had revenue of $307.04 million for the quarter, compared to analyst estimates of $318.94 million. During the same period last year, the business earned $0.95 EPS. The company’s revenue was down 12.5% compared to the same quarter last year. On average, analysts expect that LaSalle Hotel Properties will post $1.68 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 6.23%. The ex-dividend date of this dividend was Wednesday, June 28th. LaSalle Hotel Properties’s dividend payout ratio (DPR) is 66.91%.

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A number of research firms have recently issued reports on LHO. BidaskClub upgraded LaSalle Hotel Properties from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Boenning Scattergood restated an “outperform” rating and set a $35.00 price objective on shares of LaSalle Hotel Properties in a research report on Tuesday, April 18th. Goldman Sachs Group, Inc. (The) initiated coverage on LaSalle Hotel Properties in a research note on Monday, April 10th. They issued a “neutral” rating and a $27.00 price target on the stock. Deutsche Bank AG decreased their price target on LaSalle Hotel Properties from $28.00 to $27.00 and set a “hold” rating on the stock in a research note on Friday, July 21st. Finally, Barclays PLC reaffirmed an “underweight” rating and issued a $28.00 price target (up previously from $27.00) on shares of LaSalle Hotel Properties in a research note on Sunday, April 23rd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the stock. LaSalle Hotel Properties currently has an average rating of “Hold” and an average price target of $28.88.

LaSalle Hotel Properties Company Profile

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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