Heitman Real Estate Securities LLC grew its holdings in LaSalle Hotel Properties (NYSE:LHO) by 16.5% during the 4th quarter, Holdings Channel reports. The firm owned 400,456 shares of the real estate investment trust’s stock after buying an additional 56,776 shares during the period. Heitman Real Estate Securities LLC’s holdings in LaSalle Hotel Properties were worth $11,241,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the company. Deutsche Bank AG lifted its stake in LaSalle Hotel Properties by 109.5% during the 4th quarter. Deutsche Bank AG now owns 444,643 shares of the real estate investment trust’s stock worth $12,477,000 after acquiring an additional 232,429 shares in the last quarter. Wolverine Asset Management LLC lifted its stake in LaSalle Hotel Properties by 62.1% during the 4th quarter. Wolverine Asset Management LLC now owns 80,263 shares of the real estate investment trust’s stock worth $2,252,000 after acquiring an additional 30,759 shares in the last quarter. AMP Capital Investors Ltd lifted its stake in LaSalle Hotel Properties by 7.4% during the 4th quarter. AMP Capital Investors Ltd now owns 168,708 shares of the real estate investment trust’s stock worth $4,736,000 after acquiring an additional 11,564 shares in the last quarter. Thrivent Financial For Lutherans lifted its stake in LaSalle Hotel Properties by 5.2% during the 4th quarter. Thrivent Financial For Lutherans now owns 59,157 shares of the real estate investment trust’s stock worth $1,661,000 after acquiring an additional 2,939 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in LaSalle Hotel Properties during the 4th quarter worth about $2,970,000.
In other LaSalle Hotel Properties news, CEO Michael D. Barnello acquired 19,398 shares of the company’s stock in a transaction dated Friday, March 2nd. The shares were acquired at an average price of $24.65 per share, for a total transaction of $478,160.70. Following the acquisition, the chief executive officer now owns 183,221 shares in the company, valued at approximately $4,516,397.65. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.38% of the stock is owned by company insiders.
Shares of LaSalle Hotel Properties (NYSE:LHO) opened at $25.98 on Monday. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.30 and a quick ratio of 3.30. The stock has a market capitalization of $2,941.07, a PE ratio of 10.52, a price-to-earnings-growth ratio of 2.47 and a beta of 1.28. LaSalle Hotel Properties has a 12-month low of $24.10 and a 12-month high of $31.75.
LaSalle Hotel Properties (NYSE:LHO) last posted its quarterly earnings results on Tuesday, February 20th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.39). The company had revenue of $257.51 million during the quarter, compared to analyst estimates of $261.42 million. LaSalle Hotel Properties had a net margin of 17.65% and a return on equity of 8.11%. equities research analysts expect that LaSalle Hotel Properties will post 2.1 earnings per share for the current fiscal year.
WARNING: “LaSalle Hotel Properties (LHO) Stake Boosted by Heitman Real Estate Securities LLC” was originally reported by Ticker Report and is owned by of Ticker Report. If you are viewing this news story on another website, it was stolen and republished in violation of US & international copyright & trademark laws. The correct version of this news story can be accessed at https://www.tickerreport.com/banking-finance/3257670/lasalle-hotel-properties-lho-stake-boosted-by-heitman-real-estate-securities-llc.html.
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).
Want to see what other hedge funds are holding LHO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LaSalle Hotel Properties (NYSE:LHO).
Receive News & Ratings for LaSalle Hotel Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LaSalle Hotel Properties and related companies with MarketBeat.com's FREE daily email newsletter.