Falcon Point Capital buys $13,262,999 stake in LaSalle Hotel Properties (LHO)

LaSalle Hotel Properties (LHO) : Falcon Point Capital scooped up 7,876 additional shares in LaSalle Hotel Properties during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 490,133 shares of LaSalle Hotel Properties which is valued at $13,262,999.LaSalle Hotel Properties makes up approximately 2.23% of Falcon Point Capital’s portfolio.

Other Hedge Funds, Including , Retirement Systems Of Alabama boosted its stake in LHO in the latest quarter, The investment management firm added 218 additional shares and now holds a total of 145,842 shares of LaSalle Hotel Properties which is valued at $3,946,485. LaSalle Hotel Properties makes up approx 0.02% of Retirement Systems Of Alabama’s portfolio.Shinko Asset Management Ltd. boosted its stake in LHO in the latest quarter, The investment management firm added 359,170 additional shares and now holds a total of 5,236,386 shares of LaSalle Hotel Properties which is valued at $146,042,806. LaSalle Hotel Properties makes up approx 0.99% of Shinko Asset Management Ltd.’s portfolio.Independent Portfolio Consultants boosted its stake in LHO in the latest quarter, The investment management firm added 1,860 additional shares and now holds a total of 6,955 shares of LaSalle Hotel Properties which is valued at $177,422. LaSalle Hotel Properties makes up approx 0.05% of Independent Portfolio Consultants’s portfolio.Weaver C. Barksdale Associates boosted its stake in LHO in the latest quarter, The investment management firm added 47 additional shares and now holds a total of 235 shares of LaSalle Hotel Properties which is valued at $5,840. LaSalle Hotel Properties makes up approx 0.01% of Weaver C. Barksdale Associates’s portfolio.Alpha Windward boosted its stake in LHO in the latest quarter, The investment management firm added 2,129 additional shares and now holds a total of 19,574 shares of LaSalle Hotel Properties which is valued at $474,278. LaSalle Hotel Properties makes up approx 0.34% of Alpha Windward’s portfolio.

LaSalle Hotel Properties opened for trading at $27.17 and hit $27.61 on the upside on Friday, eventually ending the session at $27.55, with a gain of 1.03% or 0.28 points. The heightened volatility saw the trading volume jump to 14,82,184 shares. Company has a market cap of $3,115 M.

On the company’s financial health, LaSalle Hotel Properties reported $0.95 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $0.94. The company had revenue of $351.08 million for the quarter, compared to analysts expectations of $345.42 million. The company’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 EPS.

Many Wall Street Analysts have commented on LaSalle Hotel Properties. LaSalle Hotel Properties was Downgraded by Credit Suisse to ” Neutral” on Jul 21, 2016.

Lasalle Hotel Properties is a self-managed and self-administered real estate investment trust (REIT). The Company buys owns redevelops and leases upscale and luxury full-service hotels located in convention resort and urban business markets. As of December 31 2014 the Company owned interests in 45 hotels with approximately 11300 guest rooms located in 10 states and the District of Columbia. LaSalle Hotel Lessee Inc. (LHL) is the Company’s wholly owned REIT subsidiary. Its hotels are leased to LHL that provides for rental payments. The Company’s assets are held by and all of its operations are conducted through LaSalle Hotel Operating Partnership L.P. (the Operating Partnership). The Company is the sole general partner of the Operating Partnership.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *