LaSalle Hotel Properties (LHO) CEO Michael D. Barnello Buys 19,398 Shares
LaSalle Hotel Properties (NYSE:LHO) CEO Michael D. Barnello acquired 19,398 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The shares were acquired at an average price of $24.65 per share, with a total value of $478,160.70. Following the completion of the transaction, the chief executive officer now owns 183,221 shares in the company, valued at $4,516,397.65. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
LaSalle Hotel Properties (NYSE:LHO) opened at $25.00 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.30 and a quick ratio of 3.30. The company has a market capitalization of $2,830.13, a PE ratio of 10.12, a price-to-earnings-growth ratio of 2.39 and a beta of 1.28. LaSalle Hotel Properties has a 1 year low of $24.10 and a 1 year high of $31.75.
LaSalle Hotel Properties (NYSE:LHO) last issued its quarterly earnings results on Tuesday, February 20th. The real estate investment trust reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.39). The company had revenue of $257.51 million during the quarter, compared to analyst estimates of $261.42 million. LaSalle Hotel Properties had a net margin of 17.65% and a return on equity of 8.11%. equities research analysts anticipate that LaSalle Hotel Properties will post 2.1 EPS for the current fiscal year.
Several hedge funds have recently modified their holdings of LHO. APG Asset Management N.V. acquired a new stake in shares of LaSalle Hotel Properties in the third quarter valued at about $2,992,000. Fox Run Management L.L.C. acquired a new stake in shares of LaSalle Hotel Properties in the third quarter valued at about $212,000. Nationwide Fund Advisors increased its stake in shares of LaSalle Hotel Properties by 11.6% in the third quarter. Nationwide Fund Advisors now owns 435,131 shares of the real estate investment trust’s stock valued at $12,628,000 after buying an additional 45,262 shares during the period. Crossmark Global Holdings Inc. acquired a new stake in shares of LaSalle Hotel Properties in the third quarter valued at about $356,000. Finally, Westpac Banking Corp increased its stake in shares of LaSalle Hotel Properties by 56.9% in the third quarter. Westpac Banking Corp now owns 315,856 shares of the real estate investment trust’s stock valued at $9,166,000 after buying an additional 114,605 shares during the period.
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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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