November 30, 2016 - By Hazel Jackson · 0 Comments
Lasalle Hotel Properties (NYSE:LHO) institutional sentiment decreased to 1.01 in 2016 Q2. Its down -0.18, from 1.19 in 2016Q1. The ratio has worsened, as 118 active investment managers opened new or increased positions, while 99 sold and decreased their holdings in Lasalle Hotel Properties. The active investment managers in our partner’s database now own: 125.84 million shares, up from 125.43 million shares in 2016Q1. Also, the number of active investment managers holding Lasalle Hotel Properties in their top 10 positions increased from 1 to 2 for an increase of 1. Sold All: 34 Reduced: 65 Increased: 89 New Position: 29.
Lasalle Hotel Properties is a self-administered and self-managed real estate investment trust . The company has a market cap of $3.19 billion. The Firm primarily buys, owns, redevelops and leases upscale and luxury hotels located in convention, resort and urban business markets. It has a 23.8 P/E ratio. The Firm owns interest in approximately 50 hotels with over 12,000 guest rooms located in approximately 10 states and the District of Columbia.
About 825,896 shares traded hands. LaSalle Hotel Properties (NYSE:LHO) has risen 12.59% since April 27, 2016 and is uptrending. It has outperformed by 7.37% the S&P500.
Analysts await LaSalle Hotel Properties (NYSE:LHO) to report earnings on February, 16. They expect $0.61 earnings per share, down 7.58% or $0.05 from last year’s $0.66 per share. LHO’s profit will be $70.27M for 11.35 P/E if the $0.61 EPS becomes a reality. After $0.85 actual earnings per share reported by LaSalle Hotel Properties for the previous quarter, Wall Street now forecasts -28.24% negative EPS growth.
According to Zacks Investment Research, “Lasalle Hotel Properties, which intends to operate as a real estate investment trust for federal income tax purposes, has been formed to own hotel properties and to continue and expand the hotel investment activities of LaSalle Partners Incorporated and certain of its affiliates collectively, LaSalle. LaSalle is an institutionally respected real estate services and investment firm which has extensive experience in the acquisition, investment management, finance, development and disposition of hotel properties.”
Hg Vora Capital Management Llc holds 6.66% of its portfolio in LaSalle Hotel Properties for 1.25 million shares. Waratah Capital Advisors Ltd. owns 636,650 shares or 3.07% of their US portfolio. Moreover, Falcon Point Capital Llc has 2% invested in the company for 490,133 shares. The Illinois-based Harrison Street Securities Llc has invested 1.47% in the stock. Lasalle Investment Management Securities Llc, a Maryland-based fund reported 6.61 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 2 sales for $4.75 million net activity.
Ratings analysis reveals 7% of LaSalle Hotel Properties’s analysts are positive. Out of 14 Wall Street analysts rating LaSalle Hotel Properties, 1 give it “Buy”, 2 “Sell” rating, while 11 recommend “Hold”. The lowest target is $24 while the high is $40. The stock’s average target of $28.58 is 3.21% above today’s ($27.69) share price. LHO was included in 45 notes of analysts from July 21, 2015. The rating was maintained by Credit Suisse on Wednesday, March 23 with “Outperform”. On Thursday, December 17 the stock rating was downgraded by Stifel Nicolaus to “Hold”. Zacks upgraded LaSalle Hotel Properties (NYSE:LHO) rating on Wednesday, August 12. Zacks has “Hold” rating and $36 price target. Zacks upgraded it to “Buy” rating and $34 target price in Friday, September 4 report. Evercore downgraded LaSalle Hotel Properties (NYSE:LHO) on Thursday, July 23 to “Hold” rating. The rating was initiated by Janney Capital on Wednesday, December 2 with “Neutral”. The firm has “Hold” rating by Stifel Nicolaus given on Tuesday, March 29. The stock of LaSalle Hotel Properties (NYSE:LHO) earned “Neutral” rating by Citigroup on Wednesday, October 5. The company was upgraded on Thursday, August 20 by Zacks. Barclays Capital maintained it with “Equal Weight” rating and $32 target price in Monday, October 26 report.
Lasalle Hotel Properties, incorporated on January 15, 1998, is a self-administered and self-managed real estate investment trust (REIT). The Firm primarily buys, owns, redevelops and leases upscale and luxury hotels located in convention, resort and urban business markets. The Firm owns interest in approximately 50 hotels with over 12,000 guest rooms located in approximately 10 states and the District of Columbia. LaSalle Hotel Lessee, Inc. (LHL) is the Company’s taxable REIT subsidiary (TRS). The Company’s hotels are leased to LHL that provides for rental payments. The Company’s assets are held by, and all of its activities are conducted through, LaSalle Hotel Operating Partnership, L.P. (the Operating Partnership). The Firm is the general partner of the Operating Partnership.
More recent LaSalle Hotel Properties (NYSE:LHO) news were published by: Blogs.Wsj.com which released: “CFO Moves: LaSalle Hotel Properties, Catabasis Pharmaceuticals” on April 01, 2016. Also Seekingalpha.com published the news titled: “LaSalle Hotel Properties’ (LHO) CEO Mike Barnello on Q3 2016 Results …” on October 20, 2016. Businesswire.com‘s news article titled: “LaSalle Hotel Properties Reports Second Quarter 2016 Results” with publication date: July 20, 2016 was also an interesting one.
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By Hazel Jackson