As Lasalle Hotel Pptys (NYSE:LHO) Price Declined, Long Pond Capital Lp Upped Position

May 17, 2018 - By Lisa Delgado

LaSalle Hotel Properties (NYSE:LHO) Corporate LogoDuring 2017 Q4 the big money sentiment increased to 1.15. That’s change of 0.03, from 2017Q3’s 1.12. 26 investors sold all, 73 reduced holdings as LHO ratio improved. 76 grew stakes while 38 funds acquired stakes. Funds hold 121.65 million shares thus 2.43% more from 2017Q3’s 118.77 million shares. Glenmede Tru Na has 398 shs for 0% of their capital. Ameritas Invest Prns Inc accumulated 43,876 shs. Alpha Windward Lc reported 19,179 shs stake. Mutual Of America Cap Mgmt Limited Liability Com invested 0.04% in LaSalle Hotel Properties (NYSE:LHO). Comerica Bancshares owns 0.02% invested in LaSalle Hotel Properties (NYSE:LHO) for 89,681 shs. Deutsche Financial Bank Ag holds 0.01% of its capital in LaSalle Hotel Properties (NYSE:LHO) for 444,643 shs. Btim holds 0.26% of its capital in LaSalle Hotel Properties (NYSE:LHO) for 633,952 shs. State Street stated it has 5.93M shs. Utah Retirement System invested 0.01% of its capital in LaSalle Hotel Properties (NYSE:LHO). 58,866 are held by Aurora Counsel. The Minnesota-based Us Bancorp De has invested 0% in LaSalle Hotel Properties (NYSE:LHO). Ubs Oconnor Limited Liability Company accumulated 0.13% or 154,000 shs. Arizona State Retirement Systems holds 0.02% or 81,493 shs. Metropolitan Life Insur New York reported 0.03% stake. Voloridge Investment Ltd Liability Corp holds 91,460 shs.

LHO had 0 sales and 1 insider buy since March 2, 2018. This’s net activity of $478,180.

Based on the latest 2018Q1 regulatory report from the SEC, Long Pond Capital Lp increased its stake in Lasalle Hotel Pptys (NYSE:LHO) by 6.43%. Lasalle Hotel Pptys (NYSE:LHO) declined 12.72% with the market as Long Pond Capital Lp bought 371,703 shares. In 2018Q1, Long Pond Capital Lp held 6.15M shares of Lasalle Hotel Pptys (NYSE:LHO), priced at $178.48 million, up from 5.78M last quarter. $3.47B is the Lasalle Hotel Pptys’s market cap. The stock increased 0.77% or $0.24 during the last trading session, hitting $31.39.LaSalle Hotel Properties has volume of 637,895 shares. Since May 17, 2017 LHO has declined 11.57% and is downtrending. The stock underperformed the S&P500 by 23.12%.

Long Pond Capital Lp operates about $1.63 billion and $3.93 billion US longs. Its stake in Vereit Inc () was decreased by 2.32M shares to 15.37M shares valued at $106.95 million in 2018Q1, according to the regulatory report. Long Pond Capital Lp cut its stake in Spirit Rlty Cap Inc New (NYSE:SRC) and reduced Taubman Ctrs Inc (NYSE:TCO) position by 1.55 million shares for a total of 2.56 million shares.

Long Pond Capital is placed in New York City, and is overseen by John Khoury. Long Pond Capital fundamentally concentrates on base up, essential driven speculation opportunities, with a large portion of its value presentation in REITs and land related organizations. Long Pond Capital Lp is a New York-based hedge fund that was founded by John Khoury. It had more than $1.63 billion assets under management in March, 2014. Taken from Long Pond Capital latest Adv, the fund reported to have 13 full and part-time employees. Among which 7 performing investment advisory and research functions. The hedge fund had between 1-10 clients.

LaSalle Hotel Properties (NYSE:LHO) Ratings Coverage

A total of 12 analysts rate LaSalle Hotel Properties (NYSE:LHO) as follows: 1 “Buy”, 8 “Hold” and 3 “Sell”. Тherefore 8% are bullish. (NYSE:LHO) has 16 ratings reports on 17 May 2018 according to StockzIntelligence. On Thursday, February 22 the firm earned “Underweight” rating by Barclays Capital. On Monday, April 16 Stifel Nicolaus maintained LaSalle Hotel Properties (NYSE:LHO) with “Hold” rating. On Tuesday, April 3 the rating was maintained by Robert W. Baird with “Buy”. The stock rating was maintained by SunTrust with “Hold” on Thursday, February 22. On Thursday, March 29 the firm has “Neutral” rating by Boenning \u0026 Scattergood given. On Friday, December 8 the company was downgraded by Boenning & Scattergood. On Monday, April 2 the company was upgraded by Evercore. On Tuesday, April 24 the stock of LaSalle Hotel Properties (NYSE:LHO) earned “Hold” rating by Stifel Nicolaus. On Thursday, February 22 Morgan Stanley maintained LaSalle Hotel Properties (NYSE:LHO) with “Equal-Weight” rating. On Thursday, February 22 Deutsche Bank maintained LaSalle Hotel Properties (NYSE:LHO) with “Hold” rating.

LaSalle Hotel Properties is a leading multi-operator real estate investment trust.The firm is valued at $3.47 billion. The Firm owns 41 properties, which are upscale, full-service hotels, totaling approximately 10,400 guest rooms in 11 markets in seven states and the District of Columbia.20.38 is the P/E ratio. The Firm focuses on owning, redeveloping and repositioning upscale, full-service hotels located in urban, resort and convention markets.

LaSalle Hotel Properties (NYSE:LHO) Institutional Investors Chart

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