LaSalle Hotel Properties (LHO) : LaSalle Hotel Properties (LHO) had a healthy money flow of $2.45 million into the stock during the Mondays trading session. The value of bullish trades on upticks was $6.44 million, whereas, investors only sold shares worth $3.98 million on downticks. The stock closed the day with an up-down ratio of 1.62.The money flow in the block trades to the tune of $2.2 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $3.36 million worth of transactions were on upticks. A paltry $1.15 million worth of block trade transactions on downticks shows that the investors are reluctant to sell the stock down. The total up-down ratio of the upticks vs the downticks in block trades was 2.91. LaSalle Hotel Properties (LHO) stock slid $0.06 intraday and traded at 25.27, a change of -0.24% over previous days close. However, for the week, the company shares are 4.29% compared to previous weeks close.
LaSalle Hotel Properties is up 5.95% in the last 3-month period. Year-to-Date the stock performance stands at 5.39%. Shares of LaSalle Hotel Properties rose by 2.61% in the last five trading days and 12.49% for the last 4 weeks. In a related news, The Securities and Exchange Commission has divulged that Mccalmont William S, director of Lasalle Hotel Properties, had unloaded 2,091 shares at an average price of $24.1 in a transaction dated on May 2, 2016. The total value of the transaction was worth $50,393.
LaSalle Hotel Properties (NYSE:LHO): stock turned positive on Monday. Though the stock opened at $25.27, the bulls momentum made the stock top out at $25.6 level for the day. The stock recorded a low of $25.155 and closed the trading day at $25.51, in the green by 0.71%. The total traded volume for the day was 2,276,856. The stock had closed at $25.33 in the previous days trading.
Lasalle Hotel Properties is a self-managed and self-administered real estate investment trust (REIT). The Company buys, owns, redevelops and leases upscale and luxury full-service hotels located in convention, resort and urban business markets. As of December 31, 2014, the Company owned interests in 45 hotels with approximately 11,300 guest rooms located in 10 states and the District of Columbia. LaSalle Hotel Lessee, Inc. (LHL) is the Companys wholly owned REIT subsidiary. Its hotels are leased to LHL that provides for rental payments. The Companys assets are held by, and all of its operations are conducted through, LaSalle Hotel Operating Partnership, L.P. (the Operating Partnership). The Company is the sole general partner of the Operating Partnership.