Bank of New York Mellon Corp boosted its holdings in shares of LaSalle Hotel Properties (NYSE:LHO) by 65.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,147,536 shares of the real estate investment trust’s stock after acquiring an additional 1,635,160 shares during the period. Bank of New York Mellon Corp owned about 3.66% of LaSalle Hotel Properties worth $120,362,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in LHO. First Mercantile Trust Co. raised its position in LaSalle Hotel Properties by 1.9% during the second quarter. First Mercantile Trust Co. now owns 3,790 shares of the real estate investment trust’s stock worth $113,000 after acquiring an additional 70 shares during the last quarter. Ffcm LLC raised its position in LaSalle Hotel Properties by 150.1% during the second quarter. Ffcm LLC now owns 4,074 shares of the real estate investment trust’s stock worth $125,000 after acquiring an additional 2,445 shares during the last quarter. IFP Advisors Inc raised its position in LaSalle Hotel Properties by 14.9% during the second quarter. IFP Advisors Inc now owns 4,577 shares of the real estate investment trust’s stock worth $136,000 after acquiring an additional 592 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in LaSalle Hotel Properties during the third quarter worth about $174,000. Finally, Fox Run Management L.L.C. acquired a new position in LaSalle Hotel Properties during the third quarter worth about $212,000.

A number of equities analysts have issued reports on LHO shares. Goldman Sachs Group, Inc. (The) cut shares of LaSalle Hotel Properties from a “neutral” rating to a “sell” rating and cut their target price for the stock from $25.00 to $24.00 in a research report on Wednesday, August 2nd. Boenning Scattergood cut shares of LaSalle Hotel Properties from an “outperform” rating to a “neutral” rating in a research report on Thursday, August 24th. BidaskClub cut shares of LaSalle Hotel Properties from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Robert W. Baird set a $31.00 target price on shares of LaSalle Hotel Properties and gave the stock a “hold” rating in a research report on Friday, August 25th. Finally, Zacks Investment Research cut shares of LaSalle Hotel Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. Five investment analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company’s stock. LaSalle Hotel Properties has an average rating of “Hold” and an average target price of $28.47.

LaSalle Hotel Properties (LHO) opened at $28.27 on Thursday. LaSalle Hotel Properties has a 52-week low of $26.82 and a 52-week high of $31.87. The company has a debt-to-equity ratio of 0.45, a quick ratio of 3.22 and a current ratio of 3.22. The company has a market cap of $3,208.99, a P/E ratio of 11.07, a P/E/G ratio of 2.30 and a beta of 1.12.

LaSalle Hotel Properties (NYSE:LHO) last issued its quarterly earnings results on Thursday, October 19th. The real estate investment trust reported $0.27 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.46). LaSalle Hotel Properties had a return on equity of 8.31% and a net margin of 18.10%. The company had revenue of $285.90 million for the quarter, compared to analyst estimates of $295.02 million. During the same period last year, the company posted $0.84 EPS. The business’s revenue for the quarter was down 12.5% on a year-over-year basis. equities research analysts expect that LaSalle Hotel Properties will post 2.46 EPS for the current fiscal year.

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LaSalle Hotel Properties 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).

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

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