Mutual of America Capital Management LLC increased its stake in shares of LaSalle Hotel Properties (NYSE:LHO) by 4.7% during the third quarter, Holdings Channel reports. The institutional investor owned 87,312 shares of the real estate investment trust’s stock after buying an additional 3,896 shares during the period. Mutual of America Capital Management LLC owned 0.08% of LaSalle Hotel Properties worth $2,084,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in LHO. Mizuho Trust & Banking Co. Ltd. increased its stake in shares of LaSalle Hotel Properties by 27.9% in the third quarter. Mizuho Trust & Banking Co. Ltd. now owns 27,911 shares of the real estate investment trust’s stock valued at $666,000 after buying an additional 6,081 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of LaSalle Hotel Properties during the third quarter valued at approximately $534,000. State of Wisconsin Investment Board increased its stake in shares of LaSalle Hotel Properties by 7.1% in the third quarter. State of Wisconsin Investment Board now owns 480,984 shares of the real estate investment trust’s stock valued at $11,481,000 after buying an additional 32,000 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of LaSalle Hotel Properties by 19.4% in the third quarter. Wells Fargo & Company MN now owns 1,233,378 shares of the real estate investment trust’s stock valued at $29,441,000 after buying an additional 200,318 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of LaSalle Hotel Properties by 167.8% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 280,678 shares of the real estate investment trust’s stock valued at $6,699,000 after buying an additional 175,869 shares in the last quarter.

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

Shares of LaSalle Hotel Properties (NYSE:LHO) traded up 2.26% during mid-day trading on Wednesday, reaching $28.07. The company had a trading volume of 3,644,606 shares. LaSalle Hotel Properties has a 12 month low of $19.01 and a 12 month high of $29.10. The firm’s 50-day moving average is $25.29 and its 200 day moving average is $25.18. The company has a market capitalization of $3.17 billion, a price-to-earnings ratio of 13.43 and a beta of 1.14.

LaSalle Hotel Properties (NYSE:LHO) last posted its earnings results on Wednesday, October 19th. The real estate investment trust reported $0.84 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by $0.03. The business had revenue of $326.90 million for the quarter, compared to the consensus estimate of $328.95 million. LaSalle Hotel Properties had a return on equity of 10.61% and a net margin of 20.49%. The business’s revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.87 earnings per share. On average, equities research analysts predict that LaSalle Hotel Properties will post $2.89 earnings per share for the current year.

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Several research analysts recently weighed in on LHO shares. Morgan Stanley reissued an “equal weight” rating and set a $21.00 price target (down from $22.00) on shares of LaSalle Hotel Properties in a research report on Tuesday, November 15th. Zacks Investment Research raised LaSalle Hotel Properties from a “sell” rating to a “hold” rating in a research report on Monday, October 24th. Canaccord Genuity reissued a “hold” rating and set a $25.00 price target on shares of LaSalle Hotel Properties in a research report on Thursday, October 20th. Citigroup Inc. reissued a “hold” rating and set a $24.00 price target on shares of LaSalle Hotel Properties in a research report on Wednesday, October 5th. Finally, BTIG Research started coverage on LaSalle Hotel Properties in a research report on Thursday, August 25th. They set a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has issued a buy rating to the company. LaSalle Hotel Properties has a consensus rating of “Hold” and a consensus target price of $25.09.

About LaSalle Hotel Properties

Lasalle Hotel Properties is a self-administered and self-managed real estate investment trust (REIT). The Company primarily buys, owns, redevelops and leases upscale and luxury hotels located in convention, resort and urban business markets. The Company owns interest in approximately 50 hotels with over 12,000 guest rooms located in approximately 10 states and the District of Columbia.

5 Day Chart for NYSE:LHO

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