Great West Life Assurance Co. Can cut its position in shares of LaSalle Hotel Properties (NYSE:LHO) by 0.2% during the second quarter, Holdings Channel reports. The firm owned 130,866 shares of the real estate investment trust’s stock after selling 250 shares during the period. Great West Life Assurance Co. Can’s holdings in LaSalle Hotel Properties were worth $3,897,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Karp Capital Management Corp acquired a new stake in LaSalle Hotel Properties during the first quarter worth $1,090,000. James Investment Research Inc. acquired a new stake in LaSalle Hotel Properties during the first quarter worth $138,000. Dimensional Fund Advisors LP increased its stake in LaSalle Hotel Properties by 2.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,587,271 shares of the real estate investment trust’s stock worth $45,951,000 after buying an additional 34,183 shares during the period. Russell Investments Group Ltd. increased its stake in LaSalle Hotel Properties by 23.4% in the first quarter. Russell Investments Group Ltd. now owns 1,238,948 shares of the real estate investment trust’s stock worth $35,862,000 after buying an additional 234,609 shares during the period. Finally, Virginia Retirement Systems ET AL increased its stake in LaSalle Hotel Properties by 526.0% in the first quarter. Virginia Retirement Systems ET AL now owns 62,600 shares of the real estate investment trust’s stock worth $1,812,000 after buying an additional 52,600 shares during the period.

LaSalle Hotel Properties (NYSE:LHO) opened at 28.36 on Thursday. LaSalle Hotel Properties has a 12-month low of $23.05 and a 12-month high of $31.87. The stock has a 50 day moving average price of $29.44 and a 200-day moving average price of $29.38. The firm has a market capitalization of $3.21 billion, a PE ratio of 10.55 and a beta of 1.16.

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 consensus estimate of $0.82 by $0.01. The company had revenue of $307.04 million for the quarter, compared to the consensus estimate of $318.94 million. LaSalle Hotel Properties had a return on equity of 13.05% and a net margin of 27.85%. The business’s revenue was down 12.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.95 earnings per share. On average, equities research analysts forecast that LaSalle Hotel Properties will post $1.68 EPS for the current year.

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LHO has been the topic of a number of analyst reports. Robert W. Baird restated a “neutral” rating and issued a $31.00 price target (up from $30.00) on shares of LaSalle Hotel Properties in a research note on Friday, June 16th. Zacks Investment Research downgraded LaSalle Hotel Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, April 26th. Barclays PLC restated an “underweight” rating and issued a $28.00 price target (up from $27.00) on shares of LaSalle Hotel Properties in a research note on Sunday, April 23rd. Boenning Scattergood set a $35.00 target price on LaSalle Hotel Properties and gave the stock a “buy” rating in a research report on Tuesday, June 27th. Finally, Goldman Sachs Group, Inc. (The) downgraded LaSalle Hotel Properties from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $25.00 to $24.00 in a research report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $28.88.

About LaSalle Hotel Properties

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).

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Institutional Ownership by Quarter for LaSalle Hotel Properties (NYSE:LHO)

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