LaSalle Hotel Properties (LHO) COO Sells $501,970.00 in Stock
LaSalle Hotel Properties (NYSE:LHO) COO Alfred L. Young sold 17,750 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $28.28, for a total value of $501,970.00. Following the completion of the sale, the chief operating officer now owns 88,808 shares of the company’s stock, valued at $2,511,490.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of LaSalle Hotel Properties (NYSE:LHO) traded up $0.06 during mid-day trading on Monday, hitting $28.33. The stock had a trading volume of 539,300 shares, compared to its average volume of 1,277,235. LaSalle Hotel Properties has a one year low of $26.82 and a one year high of $31.87. The firm has a market capitalization of $3,210.00, a price-to-earnings ratio of 11.07, a PEG ratio of 2.30 and a beta of 1.12. The company has a current ratio of 3.22, a quick ratio of 3.22 and a debt-to-equity ratio of 0.45.
LaSalle Hotel Properties (NYSE:LHO) last issued its earnings results on Thursday, October 19th. The real estate investment trust reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.46). The firm had revenue of $285.90 million during the quarter, compared to analyst estimates of $295.02 million. LaSalle Hotel Properties had a net margin of 18.10% and a return on equity of 8.31%. The business’s revenue for the quarter was down 12.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 earnings per share. equities analysts expect that LaSalle Hotel Properties will post 2.46 EPS for the current fiscal year.
Several research firms recently weighed in on LHO. Zacks Investment Research lowered LaSalle Hotel Properties from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. Stifel Nicolaus restated a “hold” rating on shares of LaSalle Hotel Properties in a report on Tuesday, October 17th. UBS AG lowered LaSalle Hotel Properties from an “outperform” rating to a “market perform” rating in a report on Monday, October 30th. TheStreet lowered LaSalle Hotel Properties from a “b” rating to a “c+” rating in a report on Friday, October 20th. Finally, Boenning Scattergood lowered LaSalle Hotel Properties from an “outperform” rating to a “neutral” rating in a report on Thursday, August 24th. Five analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $28.47.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Chiron Investment Management LLC acquired a new position in shares of LaSalle Hotel Properties in the second quarter valued at $8,132,000. Kennedy Capital Management Inc. acquired a new position in shares of LaSalle Hotel Properties in the second quarter valued at $2,980,000. Legal & General Group Plc raised its stake in shares of LaSalle Hotel Properties by 6.8% in the second quarter. Legal & General Group Plc now owns 755,112 shares of the real estate investment trust’s stock valued at $22,510,000 after purchasing an additional 48,355 shares in the last quarter. Rhumbline Advisers raised its stake in shares of LaSalle Hotel Properties by 2.6% in the second quarter. Rhumbline Advisers now owns 276,918 shares of the real estate investment trust’s stock valued at $8,252,000 after purchasing an additional 6,946 shares in the last quarter. Finally, Brookfield Asset Management Inc. acquired a new position in shares of LaSalle Hotel Properties in the second quarter valued at $72,146,000.
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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).
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