As Lasalle Hotel Pptys (NYSE:LHO) Price Declined, Long Pond Capital Lp Upped by $10.78 Million Its Position

May 17, 2018 - By Marcos Kline

LaSalle Hotel Properties (NYSE:LHO) Corporate LogoBig Money Sentiment increased to 1.15 in Q4 2017. It has change of 0.03, from 2017Q3’s 1.12. The ratio is positive due to LHO positioning: 26 sold and 73 reduced. 38 funds took holdings and 76 increased holdings. Investors holded 118.77 million in 2017Q3 but now own 121.65 million shares or 2.43% more. Bnp Paribas Arbitrage Sa accumulated 102,621 shs. Bancshares Of Montreal Can reported 21,021 shs. Weaver C Barksdale Assocs Inc has 220 shs for 0.01% of their capital. Dupont Cap Management reported 21,500 shs. Citadel Ltd Co reported 60,822 shs. Guggenheim Capital Ltd has invested 0.02% in LaSalle Hotel Properties (NYSE:LHO). Barnett & invested in 0% or 300 shs. Ls Inv Advsr Limited Liability reported 7,409 shs. D E Shaw And Inc reported 0% in LaSalle Hotel Properties (NYSE:LHO). Raymond James Finance Services Advsrs reported 0.01% in LaSalle Hotel Properties (NYSE:LHO). Prudential Fincl owns 78,388 shs for 0% of their capital. Cornerstone Cap Hldgs Lc stated it has 0.02% of its capital in LaSalle Hotel Properties (NYSE:LHO). Wells Fargo Mn holds 0.02% in LaSalle Hotel Properties (NYSE:LHO) or 1.93 million shs. Amp Capital Ltd, a Australia-based fund reported 168,708 shs. Toth Fin Advisory owns 215 shs for 0% of their capital.

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 form from the SEC, Long Pond Capital Lp increased its stake in Lasalle Hotel Pptys (NYSE:LHO) by 6.43%. 371,703 shares were bought by Long Pond Capital Lp as Lasalle Hotel Pptys (NYSE:LHO) stock declined 12.72% with the market. Long Pond Capital Lp announced $178.48 million position in Long Pond Capital Lp for 2018Q1. Now it holds 6.15 million shares, compared to 5.78M last quarter. $3.47B is the MC of Lasalle Hotel Pptys. The stock increased 0.77% or $0.24 during the last trading session, reaching $31.39.Currently LaSalle Hotel Properties is downtrending after 11.57% change in last May 17, 2017. LHO has 637,895 shares volume. LHO underperformed the S&P500 by 23.12%.

Long Pond Capital Lp manages about $1.63B and $3.93B US longs. According to a filing the fund reduced its stake in Hyatt Hotels Corp (NYSE:H) by 2.52 million shares to 518,347 shares, valued at $39.53M in 2018Q1. It decreased Madison Square Garden Co New () position by 441,944 shares to 157,376 shares, and cut its Taubman Ctrs Inc (NYSE:TCO) stake.

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

In total 12 analysts cover LaSalle Hotel Properties (NYSE:LHO). “Buy” rating has 1, “Sell” are 3, while 8 are “Hold”. (NYSE:LHO) has 8% bullish analysts. 16 are the (NYSE:LHO)’s ratings reports on 17 May 2018 according to StockzIntelligence Inc. On Tuesday, April 3 the stock of LaSalle Hotel Properties (NYSE:LHO) has “Buy” rating given by Robert W. Baird. On Thursday, May 10 the firm has “Hold” rating by J.P. Morgan given. On Monday, November 20 the rating was downgraded by Evercore to “Underperform”. On Thursday, February 22 the rating was maintained by Barclays Capital with “Underweight”. On Monday, April 2 the stock of LaSalle Hotel Properties (NYSE:LHO) has “In-Line” rating given by Evercore. On Monday, March 5 Robert W. Baird upgraded LaSalle Hotel Properties (NYSE:LHO) to “Buy” rating. On Tuesday, April 24 the firm has “Hold” rating given by Stifel Nicolaus. On Friday, February 23 RBC Capital Markets maintained LaSalle Hotel Properties (NYSE:LHO) rating. RBC Capital Markets has “Hold” rating and $26.0 target. On Friday, December 8 the stock of LaSalle Hotel Properties (NYSE:LHO) has “Sell” rating given by Boenning & Scattergood. On Thursday, February 22 the stock of LaSalle Hotel Properties (NYSE:LHO) earned “Equal-Weight” rating by Morgan Stanley.

LaSalle Hotel Properties is a leading multi-operator real estate investment trust.The company has $3.47 billion market cap. 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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