LaSalle Hotel Properties (LHO) : Pensionfund Sabic scooped up 14,000 additional shares in LaSalle Hotel Properties during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 24,300 shares of LaSalle Hotel Properties which is valued at $588,789.LaSalle Hotel Properties makes up approximately 0.18% of Pensionfund Sabic’s portfolio.
Other Hedge Funds, Including , Weaver C. Barksdale Associates boosted its stake in LHO in the latest quarter, The investment management firm added 5 additional shares and now holds a total of 240 shares of LaSalle Hotel Properties which is valued at $5,815. LaSalle Hotel Properties makes up approx 0.01% of Weaver C. Barksdale Associates’s portfolio. Fisher Asset Management added LHO to its portfolio by purchasing 10,850 company shares during the most recent quarter which is valued at $268,646.Oregon Public Employees Retirement Fund boosted its stake in LHO in the latest quarter, The investment management firm added 779 additional shares and now holds a total of 39,094 shares of LaSalle Hotel Properties which is valued at $967,967. LaSalle Hotel Properties makes up approx 0.02% of Oregon Public Employees Retirement Fund’s portfolio.First Mercantile Trust Co reduced its stake in LHO by selling 350 shares or 8.22% in the most recent quarter. The Hedge Fund company now holds 3,910 shares of LHO which is valued at $95,248. LaSalle Hotel Properties makes up approx 0.01% of First Mercantile Trust Co’s portfolio.Independent Portfolio Consultants boosted its stake in LHO in the latest quarter, The investment management firm added 345 additional shares and now holds a total of 7,300 shares of LaSalle Hotel Properties which is valued at $173,521. LaSalle Hotel Properties makes up approx 0.05% of Independent Portfolio Consultants’s portfolio.
LaSalle Hotel Properties closed down -0.53 points or -2.14% at $24.23 with 12,06,070 shares getting traded on Tuesday. Post opening the session at $24.69, the shares hit an intraday low of $23.91 and an intraday high of $24.69 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
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.