Published: Fri, May 26, 2017
Money | By Armando Alvarado

Most Active Stock: LaSalle Hotel Properties (LHO)


Laurel Wealth Advisors Inc. boosted its position in shares of LaSalle Hotel Properties by 2.5% in the third quarter. Riverhead Capital Management LLC now owns 4,500 shares of the real estate investment trust's stock valued at $107,000 after buying an additional 4,412 shares in the last quarter. Mackenzie Financial Corp now owns 160,629 shares of the real estate investment trust's stock valued at $3,834,000 after buying an additional 142,509 shares during the last quarter. Tyers Asset Management LLC boosted its stake in 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 worth $116,000 after buying an additional 88 shares during the period. The California-based Los Angeles Equity Research has invested 0.02% in LaSalle Hotel Properties (NYSE:LHO). Finally, Edge Asset Management Inc. raised its stake in shares of LaSalle Hotel Properties by 6.5% in the fourth 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 in the last quarter. Moreover, Eaton Vance Mngmt has 0% invested in LaSalle Hotel Properties (NYSE:LHO) for 10,538 shares. The stock had a trading volume of 1,376,799 shares. Over the last five days, shares have managed 4.28% gains and now is up 4.33% since hitting its 200-day moving average of $29.16.

Now the shares of LaSalle Hotel Properties (LHO) has a trading volume of 3.97 Million shares, with an average trading volume of 1130 shares - with shares dropping to a 52 week low of $21.56, and the company's shares hitting a 52 week high of $ 31.87. The lowest price the stock reached in the last trading day was $1.43 and compares with the $0.9 52-week low.

LaSalle Hotel Properties (NYSE:LHO) last released its quarterly earnings results on Wednesday, February 22nd. The real estate investment trust reported $0.62 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.63 by $0.01. The stock of LaSalle Hotel Properties (NYSE:LHO) has "Hold" rating given on Monday, October 26 by Canaccord Genuity.

The company's expected revenue in the current quarter to be 318.24 Million, seeing a projected current quarter growth of -10.2%, and per annum growth estimates over the next 5 year period of around -21.45%. While in the same Quarter Previous year, the Actual EPS was $0.49. This year-to-date, the company's shares have decreased $1.23, or -4.04%. Equities analysts predict that LaSalle Hotel Properties will post $1.62 EPS for the current year.

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LaSalle Hotel Properties (LHO) has the market capitalization of $3.3 Billion. If you are reading this piece of content on another publication, it was illegally copied and republished in violation of U.S. and global copyright and trademark law. The legal version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/05/25/ameriprise-financial-inc-has-29-454-million-position-in-lasalle-hotel-properties-lho.html.

Several analysts recently issued reports on LHO shares. It has no change, as 25 investors sold LaSalle Hotel Properties shares while 78 reduced holdings. only 34 funds opened positions while 70 raised stakes. Goldman Sachs initiated it with "Neutral" rating and $27.0 target in Monday, April 10 report. They issued a "neutral" rating and a $27.00 price target for the company. Boenning Scattergood reiterated an "outperform" rating and set a $35.00 price target on shares of LaSalle Hotel Properties in a report on Tuesday, April 18th. LaSalle Hotel Properties had 53 analyst reports since July 21, 2015 according to SRatingsIntel.

The company's consensus rating is now Hold, with 1 analysts rating it a Strong Buy, and 9 analysts rating it with a Hold. The share price has moved forward from its 20 days moving average, trading at a distance of 1.64% and stays 1.47% away from its 50 days moving average.

In other LaSalle Hotel Properties news, COO Alfred L. Young sold 15,000 shares of the business's stock in a transaction on Thursday, April 27th. Its last month's stock price volatility remained 2.1% which for the week stands at 2.34%. Following the completion of the transaction, the chief operating officer now directly owns 100,027 shares of the company's stock, valued at approximately $3,044,821.88.

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