LaSalle Hotel Properties (LHO) Position Raised by Hsbc Holdings PLC

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Hsbc Holdings PLC grew its holdings in shares of LaSalle Hotel Properties (NYSE:LHO) by 13.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,833 shares of the real estate investment trust’s stock after buying an additional 1,881 shares during the period. Hsbc Holdings PLC’s holdings in LaSalle Hotel Properties were worth $459,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. increased its position in shares of LaSalle Hotel Properties by 1.3% during the 1st quarter. BlackRock Inc. now owns 15,315,874 shares of the real estate investment trust’s stock valued at $444,313,000 after purchasing an additional 189,786 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in LaSalle Hotel Properties by 54.7% in the 4th quarter. Bank of New York Mellon Corp now owns 6,417,138 shares of the real estate investment trust’s stock worth $180,130,000 after purchasing an additional 2,269,602 shares during the period. Long Pond Capital LP bought a new position in LaSalle Hotel Properties in the 4th quarter worth about $162,260,000. Northern Trust Corp boosted its stake in LaSalle Hotel Properties by 1.6% in the 1st quarter. Northern Trust Corp now owns 4,355,045 shares of the real estate investment trust’s stock worth $126,341,000 after purchasing an additional 70,427 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in shares of LaSalle Hotel Properties by 4.2% during the 4th quarter. Wells Fargo & Company MN now owns 1,933,890 shares of the real estate investment trust’s stock valued at $54,284,000 after buying an additional 78,768 shares in the last quarter.

Shares of LaSalle Hotel Properties traded up $0.11, reaching $34.80, during trading hours on Wednesday, MarketBeat reports. 49,296 shares of the company were exchanged, compared to its average volume of 2,407,872. LaSalle Hotel Properties has a 1 year low of $24.10 and a 1 year high of $36.13. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $3.83 billion, a P/E ratio of 14.10 and a beta of 1.15.

LaSalle Hotel Properties (NYSE:LHO) last posted its earnings results on Thursday, May 10th. The real estate investment trust reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.27 by ($0.37). The business had revenue of $223.00 million during the quarter, compared to analysts’ expectations of $216.67 million. LaSalle Hotel Properties had a net margin of 9.55% and a return on equity of 4.46%. The business’s quarterly revenue was down 12.3% compared to the same quarter last year. During the same period last year, the company earned $0.67 EPS. sell-side analysts predict that LaSalle Hotel Properties will post 2.22 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 16th. Investors of record on Friday, June 29th will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 2.59%. The ex-dividend date is Thursday, June 28th. LaSalle Hotel Properties’s dividend payout ratio (DPR) is presently 72.87%.

A number of analysts recently commented on the company. Zacks Investment Research cut LaSalle Hotel Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, February 27th. Robert W. Baird set a $30.00 price objective on LaSalle Hotel Properties and gave the stock a “buy” rating in a research note on Tuesday, April 3rd. Boenning Scattergood reaffirmed a “hold” rating on shares of LaSalle Hotel Properties in a research note on Friday, May 11th. BTIG Research raised LaSalle Hotel Properties from a “neutral” rating to a “buy” rating in a research note on Thursday, May 31st. Finally, Barclays raised LaSalle Hotel Properties from an “underweight” rating to an “equal weight” rating in a research report on Monday, May 21st. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the stock. LaSalle Hotel Properties has a consensus rating of “Hold” and a consensus target price of $27.68.

LaSalle Hotel Properties Profile

LaSalle Hotel Properties is a leading multi-operator real estate investment trust. The Company owns 41 properties, which are upscale, full-service hotels, totaling 10,452 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.

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

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