LaSalle Hotel Properties (LHO) Position Lessened by Dupont Capital Management Corp

Dupont Capital Management Corp trimmed its position in shares of LaSalle Hotel Properties (NYSE:LHO) by 51.0% during the 4th quarter, HoldingsChannel reports. The fund owned 21,500 shares of the real estate investment trust’s stock after selling 22,370 shares during the period. Dupont Capital Management Corp’s holdings in LaSalle Hotel Properties were worth $604,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Eqis Capital Management Inc. boosted its position in LaSalle Hotel Properties by 27.1% during the 4th quarter. Eqis Capital Management Inc. now owns 11,810 shares of the real estate investment trust’s stock valued at $332,000 after acquiring an additional 2,521 shares in the last quarter. RMR Advisors LLC boosted its position in LaSalle Hotel Properties by 71.7% during the 4th quarter. RMR Advisors LLC now owns 51,500 shares of the real estate investment trust’s stock valued at $1,446,000 after acquiring an additional 21,500 shares in the last quarter. SG Americas Securities LLC boosted its position in LaSalle Hotel Properties by 628.2% during the 4th quarter. SG Americas Securities LLC now owns 51,973 shares of the real estate investment trust’s stock valued at $1,459,000 after acquiring an additional 61,812 shares in the last quarter. Bowling Portfolio Management LLC boosted its position in LaSalle Hotel Properties by 32.1% during the 4th quarter. Bowling Portfolio Management LLC now owns 50,324 shares of the real estate investment trust’s stock valued at $1,413,000 after acquiring an additional 12,240 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in LaSalle Hotel Properties by 7.4% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,506,400 shares of the real estate investment trust’s stock valued at $42,285,000 after acquiring an additional 103,470 shares in the last quarter.

Shares of LaSalle Hotel Properties (NYSE:LHO) opened at $27.47 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.22 and a quick ratio of 3.22. LaSalle Hotel Properties has a 12-month low of $27.44 and a 12-month high of $31.75. The company has a market capitalization of $3,181.81, a P/E ratio of 10.98, a PEG ratio of 2.40 and a beta of 1.12.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were given a $0.45 dividend. The ex-dividend date was Thursday, December 28th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.55%. LaSalle Hotel Properties’s dividend payout ratio is currently 111.11%.

In other news, COO Alfred L. Young sold 17,750 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $28.28, for a total value of $501,970.00. Following the sale, the chief operating officer now directly owns 88,808 shares of the company’s stock, valued at approximately $2,511,490.24. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.38% of the company’s stock.

LHO has been the topic of several research reports. Wells Fargo & Co cut their price objective on LaSalle Hotel Properties from $30.00 to $29.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 24th. Zacks Investment Research raised LaSalle Hotel Properties from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. JPMorgan Chase & Co. cut LaSalle Hotel Properties from a “neutral” rating to an “underweight” rating and set a $24.00 price objective on the stock. in a research report on Thursday, November 16th. Citigroup cut their price objective on LaSalle Hotel Properties from $29.00 to $26.50 and set a “neutral” rating on the stock in a research report on Wednesday, October 25th. Finally, Bank of America cut LaSalle Hotel Properties from a “neutral” rating to an “underperform” rating in a research report on Monday, January 8th. Eight investment analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $28.00.

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About LaSalle Hotel Properties

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).

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

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