Schwab Charles Investment Management Inc. increased its position in LaSalle Hotel Properties (NYSE:LHO) by 7.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,506,400 shares of the real estate investment trust’s stock after buying an additional 103,470 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in LaSalle Hotel Properties were worth $42,285,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in LaSalle Hotel Properties in the 3rd quarter worth approximately $174,000. Fox Run Management L.L.C. bought a new stake in LaSalle Hotel Properties in the 3rd quarter worth approximately $212,000. Flinton Capital Management LLC lifted its position in LaSalle Hotel Properties by 67.0% in the 2nd quarter. Flinton Capital Management LLC now owns 8,512 shares of the real estate investment trust’s stock worth $254,000 after buying an additional 3,416 shares during the last quarter. Shelton Capital Management bought a new stake in LaSalle Hotel Properties in the 2nd quarter worth approximately $255,000. Finally, Ladenburg Thalmann Financial Services Inc. lifted its position in LaSalle Hotel Properties by 58.1% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,766 shares of the real estate investment trust’s stock worth $312,000 after buying an additional 3,956 shares during the last quarter.

LaSalle Hotel Properties (LHO) opened at $27.47 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.22 and a quick ratio of 3.22. The company has a market capitalization of $3,181.81, a P/E ratio of 10.98, a price-to-earnings-growth ratio of 2.40 and a beta of 1.12. LaSalle Hotel Properties has a 12 month low of $27.44 and a 12 month high of $31.75.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.80 dividend on an annualized basis and a yield of 6.55%. LaSalle Hotel Properties’s dividend payout ratio (DPR) is currently 111.11%.

A number of research firms recently weighed in on LHO. Boenning Scattergood restated a “hold” rating on shares of LaSalle Hotel Properties in a research report on Monday, October 23rd. TheStreet downgraded LaSalle Hotel Properties from a “b” rating to a “c+” rating in a research report on Friday, October 20th. Zacks Investment Research upgraded LaSalle Hotel Properties from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research report on Tuesday, January 9th. Stifel Nicolaus restated a “hold” rating on shares of LaSalle Hotel Properties in a research report on Tuesday, October 17th. Finally, ValuEngine cut LaSalle Hotel Properties from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. Eight analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. LaSalle Hotel Properties presently has a consensus rating of “Hold” and an average price target of $28.00.

In other LaSalle Hotel Properties news, COO Alfred L. Young sold 17,750 shares of LaSalle Hotel Properties 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 transaction, the chief operating officer now directly owns 88,808 shares of the company’s stock, valued at approximately $2,511,490.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.38% of the stock is owned by insiders.

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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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