KBC Group NV Has $1.85 Million Position in LaSalle Hotel Properties (LHO)

KBC Group NV lowered its stake in shares of LaSalle Hotel Properties (NYSE:LHO) by 31.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 63,848 shares of the real estate investment trust’s stock after selling 29,093 shares during the period. KBC Group NV’s holdings in LaSalle Hotel Properties were worth $1,848,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. IFP Advisors Inc increased 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 during the period. Tyers Asset Management LLC increased its position in shares of LaSalle Hotel Properties by 2.2% in the first quarter. Tyers Asset Management LLC now owns 4,004 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 88 shares during the period. James Investment Research Inc. bought a new position in shares of LaSalle Hotel Properties during the first quarter valued at approximately $138,000. Flinton Capital Management LLC increased its position in shares of LaSalle Hotel Properties by 2.2% in the first quarter. Flinton Capital Management LLC now owns 5,096 shares of the real estate investment trust’s stock valued at $148,000 after buying an additional 112 shares during the period. Finally, Neuburgh Advisers LLC increased its position in shares of LaSalle Hotel Properties by 2.2% in the first quarter. Neuburgh Advisers LLC now owns 6,188 shares of the real estate investment trust’s stock valued at $179,000 after buying an additional 136 shares during the period.

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

Shares of LaSalle Hotel Properties (LHO) traded up 1.00% during mid-day trading on Wednesday, hitting $29.25. The stock had a trading volume of 629,899 shares. The stock’s 50-day moving average price is $28.88 and its 200 day moving average price is $29.37. LaSalle Hotel Properties has a 1-year low of $21.56 and a 1-year high of $31.87. The company has a market capitalization of $3.31 billion, a P/E ratio of 10.87 and a beta of 1.17.

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LHO has been the topic of several analyst reports. Zacks Investment Research upgraded LaSalle Hotel Properties from a “sell” rating to a “hold” rating in a report on Tuesday. Canaccord Genuity reissued a “hold” rating and issued a $28.00 price objective on shares of LaSalle Hotel Properties in a research report on Tuesday, February 14th. Goldman Sachs Group Inc initiated 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. Boenning Scattergood reissued an “outperform” rating and issued a $35.00 price objective on shares of LaSalle Hotel Properties in a research report on Tuesday, April 18th. Finally, 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. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $28.79.

In other news, COO Alfred L. Young sold 15,000 shares of the firm’s stock in a transaction 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 directly owns 100,027 shares in the company, valued at $3,044,821.88. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.54% of the company’s stock.

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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