LaSalle Hotel Properties (LHO) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank cut its stake in LaSalle Hotel Properties (NYSE:LHO) by 47.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,475 shares of the real estate investment trust’s stock after selling 9,476 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in LaSalle Hotel Properties were worth $304,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in LHO. Schwab Charles Investment Management Inc. raised its stake in shares of LaSalle Hotel Properties by 7.4% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,506,400 shares of the real estate investment trust’s stock worth $42,285,000 after acquiring an additional 103,470 shares during the last quarter. Bowling Portfolio Management LLC raised its stake in shares of LaSalle Hotel Properties by 32.1% in the fourth quarter. Bowling Portfolio Management LLC now owns 50,324 shares of the real estate investment trust’s stock worth $1,413,000 after acquiring an additional 12,240 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of LaSalle Hotel Properties by 628.2% in the fourth quarter. SG Americas Securities LLC now owns 51,973 shares of the real estate investment trust’s stock worth $1,459,000 after acquiring an additional 61,812 shares during the last quarter. RMR Advisors LLC raised its stake in shares of LaSalle Hotel Properties by 71.7% in the fourth quarter. RMR Advisors LLC now owns 51,500 shares of the real estate investment trust’s stock worth $1,446,000 after acquiring an additional 21,500 shares during the last quarter. Finally, Eqis Capital Management Inc. raised its stake in shares of LaSalle Hotel Properties by 27.1% in the fourth quarter. Eqis Capital Management Inc. now owns 11,810 shares of the real estate investment trust’s stock worth $332,000 after acquiring an additional 2,521 shares during the last quarter.

Shares of NYSE LHO opened at $31.90 on Monday. The company has a market cap of $3.52 billion, a P/E ratio of 13.75, a PEG ratio of 2.88 and a beta of 1.11. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.46. LaSalle Hotel Properties has a 52-week low of $24.10 and a 52-week high of $32.18.

LaSalle Hotel Properties (NYSE:LHO) last issued its quarterly earnings data on Thursday, May 10th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.37). The firm had revenue of $223.00 million for the quarter, compared to analyst estimates of $216.67 million. LaSalle Hotel Properties had a net margin of 9.55% and a return on equity of 4.46%. The firm’s revenue for the quarter was down 12.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.67 EPS. equities research analysts predict that LaSalle Hotel Properties will post 2.22 earnings per share for the current year.

A number of equities analysts have weighed in on LHO shares. Zacks Investment Research raised shares of LaSalle Hotel Properties from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research note on Friday, January 26th. Stifel Nicolaus dropped their target price on shares of LaSalle Hotel Properties from $28.50 to $25.50 and set a “hold” rating for the company in a research note on Wednesday, February 21st. ValuEngine downgraded shares of LaSalle Hotel Properties from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Boenning Scattergood reissued a “sell” rating on shares of LaSalle Hotel Properties in a research note on Thursday, February 22nd. Finally, Deutsche Bank dropped their price target on shares of LaSalle Hotel Properties from $28.00 to $24.00 and set a “hold” rating for the company in a research note on Thursday, February 22nd. Six equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $27.68.

In related news, CEO Michael D. Barnello purchased 19,398 shares of LaSalle Hotel Properties stock in a transaction dated Friday, March 2nd. The stock was bought at an average price of $24.65 per share, for a total transaction of $478,160.70. Following the completion of the acquisition, the chief executive officer now directly owns 183,221 shares of the company’s stock, valued at $4,516,397.65. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.43% of the stock is owned by corporate insiders.

About LaSalle Hotel Properties

LaSalle Hotel Properties is a leading multi-operator real estate investment trust. The Company owns 41 properties, which are upscale, full-service hotels, totaling approximately 10,400 guest rooms in 11 markets in seven states and the District of Columbia. The Company focuses on owning, redeveloping and repositioning upscale, full-service hotels located in urban, resort and convention markets.

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Institutional Ownership by Quarter for LaSalle Hotel Properties (NYSE:LHO)

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