LaSalle Hotel Properties (LHO) : Pensionfund Sabic scooped up 7,000 additional shares in LaSalle Hotel Properties during the most recent quarter end , according to a recent disclosure to the SEC on Apr 4, 2016. The investment management firm now holds a total of 10,300 shares of LaSalle Hotel Properties which is valued at $250,084.LaSalle Hotel Properties makes up approximately 0.08% of Pensionfund Sabic’s portfolio.
Other Hedge Funds, Including , Beacon Financial Group reduced its stake in LHO by selling 540 shares or 3.09% in the most recent quarter. The Hedge Fund company now holds 16,916 shares of LHO which is valued at $411,397. LaSalle Hotel Properties makes up approx 0.09% of Beacon Financial Group’s portfolio.
On the company’s financial health, LaSalle Hotel Properties reported $0.67 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Feb 18, 2016. Analyst had a consensus of $0.64. The company had revenue of $294.70 million for the quarter, compared to analysts expectations of $293.49 million. The company’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 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 was Downgraded by Ladenburg Thalmann to ” Sell” on Jan 19, 2016.
LaSalle Hotel Properties opened for trading at $23.96 and hit $24.49 on the upside on Monday, eventually ending the session at $24.28, with a gain of 1.93% or 0.46 points. The heightened volatility saw the trading volume jump to 9,97,537 shares. Company has a market cap of $2,742 M.
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.