Green Street Investors buys $3,910,040 stake in LaSalle Hotel Properties (LHO)

LaSalle Hotel Properties (LHO) : Green Street Investors scooped up 118,800 additional shares in LaSalle Hotel Properties during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 25, 2016. The investment management firm now holds a total of 163,600 shares of LaSalle Hotel Properties which is valued at $3,910,040.LaSalle Hotel Properties makes up approximately 3.51% of Green Street Investors’s portfolio.

LaSalle Hotel Properties opened for trading at $24 and hit $24.2584 on the upside on Monday, eventually ending the session at $24.22, with a gain of 1.34% or 0.32 points. The heightened volatility saw the trading volume jump to 9,29,852 shares. Company has a market cap of $2,738 M.

Other Hedge Funds, Including , Louisiana State Employees Retirement System boosted its stake in LHO in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 31,300 shares of LaSalle Hotel Properties which is valued at $748,070. LaSalle Hotel Properties makes up approx 0.04% of Louisiana State Employees Retirement System’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in LHO by selling 7,325 shares or 98.85% in the most recent quarter. The Hedge Fund company now holds 85 shares of LHO which is valued at $2,019.Miller Howard Investments Inc Ny reduced its stake in LHO by selling 30 shares or 0.02% in the most recent quarter. The Hedge Fund company now holds 143,372 shares of LHO which is valued at $3,405,085. LaSalle Hotel Properties makes up approx 0.06% of Miller Howard Investments Inc Ny’s portfolio. Quantitative Systematic Strategies sold out all of its stake in LHO during the most recent quarter. The investment firm sold 11,730 shares of LHO which is valued $278,588.Simplex Trading reduced its stake in LHO by selling 852 shares or 69.38% in the most recent quarter. The Hedge Fund company now holds 376 shares of LHO which is valued at $9,423.

On the company’s financial health, LaSalle Hotel Properties reported $0.49 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $0.43. The company had revenue of $260.10 million for the quarter, compared to analysts expectations of $264.09 million. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS.

Many Wall Street Analysts have commented on LaSalle Hotel Properties. LaSalle Hotel Properties was Resumed by Stifel to “Hold” on Mar 29, 2016. Shares were Reiterated by RBC Capital Mkts on Feb 22, 2016 to “Sector Perform” and Lowered the Price Target to $ 28 from a previous price target of $32 .

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.

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