LaSalle Hotel Properties (LHO) : Investors lapped up stocks on upticks to the tune of $8.68 million in the Fridays trading session. The trading value on downticks was comparatively at $7.4 million and the uptick to downtick ratio of 1.17 indicates continuous buying by the bulls. The net money flow into the stock was $1.29 million. The block trades were dominated by the bulls with a healthy 3.73, uptick to downtick ratio. Only $0.65 million worth of trades exchanged hands on downticks showing the reluctance of the large traders to part with their holdings. Upticks saw transactions worth $2.44 clearly indicating buying by large investors. The total money flow for block trades stood at $1.78 million, which is a positive for the stock in the long-term. LaSalle Hotel Properties (LHO) fell $0.19 during the day at $26.82, a drop of -0.7% over the previous days close. However, for the week, the stock is -5.93%, compared to the previous week.
The company Insiders own 0.54% of LaSalle Hotel Properties shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -41.07% . During last six month period, the net percent change held by insiders has seen a change of -37.52%.
In a related news, The Securities and Exchange Commission has divulged that Barnello Michael D, director officer (President and CEO) of Lasalle Hotel Properties, had unloaded 150,000 shares at an average price of $28.58 in a transaction dated on August 25, 2016. The total value of the transaction was worth $4,287,000.
LaSalle Hotel Properties (NYSE:LHO): stock was range-bound between the intraday low of $26.67 and the intraday high of $27.48 after having opened at $26.9 on Fridays session. The stock finally closed in the red at $26.9, a loss of -0.70%. The stock remained in the red for the whole trading day. The total traded volume was 2,135,998 shares. The stock failed to cross $27.48 in Fridays trading. The stocks closing price on Thursday was $27.01.
LaSalle Hotel Properties (LHO) : During the past 4 weeks, traders have been relatively bearish on LaSalle Hotel Properties (LHO), hence the stock is down -5.34% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -6.4% relative to the S&P 500. The 4-week change in the price of the stock is -5.46% and the stock has fallen -5.93% in the past 1 week.
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.