LaSalle Hotel Properties (LHO) Position Cut by Wellington Management Group LLP

LaSalle Hotel Properties (LHO) Position Cut by Wellington Management Group LLP

Other institutional investors have also modified their holdings of the company. Tyers Asset Management LLC acquired a new position in shares of LaSalle Hotel Properties during the fourth quarter valued at about $119,000. IFP Advisors Inc raised its position in shares of LaSalle Hotel Properties by 9.4% in the first quarter. IFP Advisors Inc now owns 3,985 shares of the real estate investment trust’s stock valued at $115,000 after buying an additional 343 shares in the last quarter. Riverhead Capital Management LLC raised its position in shares of LaSalle Hotel Properties by 5,013.6% in the third quarter. Riverhead Capital Management LLC now owns 4,500 shares of the real estate investment trust’s stock valued at $107,000 after buying an additional 4,412 shares in the last quarter. James Investment Research Inc. acquired a new position in shares of LaSalle Hotel Properties during the first quarter valued at about $138,000. Finally, Flinton Capital Management LLC acquired a new position in shares of LaSalle Hotel Properties during the fourth quarter valued at about $152,000.

Wellington Management Group LLP reduced its stake in shares of LaSalle Hotel Properties (NYSE:LHO) by 15.5% during the first quarter, Holdings Channel reports. The institutional investor owned 7,758,171 shares of the real estate investment trust’s stock after selling 1,425,195 shares during the period. Wellington Management Group LLP owned about 0.07% of LaSalle Hotel Properties worth $224,599,000 at the end of the most recent reporting period.

LaSalle Hotel Properties (NYSE LHO) traded down 0.80% during midday trading on Wednesday, reaching $28.45. The company’s stock had a trading volume of 2,033,472 shares. The firm has a 50 day moving average of $28.88 and a 200 day moving average of $29.30. The firm has a market cap of $3.22 billion, a P/E ratio of 10.58 and a beta of 1.17. LaSalle Hotel Properties has a 52-week low of $21.56 and a 52-week high of $31.87.

Several brokerages recently issued reports on LHO. Boenning Scattergood reiterated an “outperform” rating on shares of LaSalle Hotel Properties in a research report on Wednesday, April 12th. Canaccord Genuity reiterated a “hold” rating and issued a $28.00 price objective on shares of LaSalle Hotel Properties in a research report on Tuesday, February 14th. Barclays PLC set a $27.00 price objective on LaSalle Hotel Properties and gave the company a “sell” rating in a research report on Tuesday, February 14th. Zacks Investment Research lowered LaSalle Hotel Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, April 26th. Finally, Goldman Sachs Group Inc began coverage on LaSalle Hotel Properties in a research report on Monday, April 10th. They issued a “neutral” rating and a $27.00 price objective for the company. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the stock. LaSalle Hotel Properties has an average rating of “Hold” and an average target price of $28.79.

In other LaSalle Hotel Properties news, COO Alfred L. Young sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 27th. The stock was sold at an average price of $30.44, for a total value of $456,600.00. Following the completion of the sale, the chief operating officer now owns 100,027 shares of the company’s stock, valued at $3,044,821.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.54% of the company’s stock.

LaSalle Hotel Properties Company Profile

LaSalle Hotel Properties is a self-administered and self-managed real estate investment trust. The Company primarily buys, owns, redevelops and leases upscale and luxury full-service hotels located in convention, resort and urban business markets. As of December 31, 2016, the Company owned interests in 46 hotels with approximately 11,450 guest rooms located in nine states of the United States and the District of Columbia (DC).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “LHO”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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