UBS Asset Management Americas Inc. Has $6.72 Million Stake in LaSalle Hotel Properties (LHO)

UBS Asset Management Americas Inc. boosted its position in LaSalle Hotel Properties (NYSE:LHO) by 21.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 232,063 shares of the real estate investment trust’s stock after buying an additional 40,505 shares during the period. UBS Asset Management Americas Inc.’s holdings in LaSalle Hotel Properties were worth $6,718,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of LHO. Tyers Asset Management LLC purchased a new position in shares of LaSalle Hotel Properties during the fourth quarter worth about $119,000. IFP Advisors Inc raised its position in 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 worth $115,000 after buying an additional 343 shares during the last quarter. James Investment Research Inc. bought a new position in LaSalle Hotel Properties during the first quarter worth $138,000. Flinton Capital Management LLC bought a new position in LaSalle Hotel Properties during the fourth quarter worth $152,000. Finally, Daiwa Securities Group Inc. raised its position in LaSalle Hotel Properties by 32.8% in the first quarter. Daiwa Securities Group Inc. now owns 8,900 shares of the real estate investment trust’s stock worth $258,000 after buying an additional 2,200 shares during the last quarter.

LaSalle Hotel Properties (LHO) opened at 31.00 on Wednesday. LaSalle Hotel Properties has a 52 week low of $21.56 and a 52 week high of $31.87. The company has a 50 day moving average price of $29.24 and a 200 day moving average price of $29.59. The stock has a market cap of $3.51 billion, a price-to-earnings ratio of 11.52 and a beta of 1.19.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be paid a dividend of $0.45 per share. The ex-dividend date is Wednesday, June 28th. This represents a $1.80 annualized dividend and a dividend yield of 5.81%. LaSalle Hotel Properties’s dividend payout ratio (DPR) is 66.91%.

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A number of equities analysts have weighed in on LHO shares. Goldman Sachs Group, Inc. (The) started coverage on LaSalle Hotel Properties in a research note on Monday, April 10th. They set a “neutral” rating and a $27.00 price objective for the company. Boenning Scattergood reiterated an “outperform” rating on shares of LaSalle Hotel Properties in a research note on Wednesday, April 12th. Barclays PLC reiterated an “underweight” rating and set a $28.00 price objective (up previously from $27.00) on shares of LaSalle Hotel Properties in a research note on Sunday, April 23rd. Zacks Investment Research lowered LaSalle Hotel Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, April 26th. Finally, BidaskClub upgraded LaSalle Hotel Properties from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $28.96.

In other news, COO Alfred L. Young sold 15,000 shares of the stock in a transaction dated Thursday, April 27th. The shares were sold at an average price of $30.44, for a total transaction of $456,600.00. Following the completion of the sale, the chief operating officer now owns 100,027 shares in the company, valued at $3,044,821.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.38% of the stock is currently owned by corporate insiders.

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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