LaSalle Hotel Properties (LHO) : During the past 4 weeks, traders have been relatively bearish on LaSalle Hotel Properties (LHO), hence the stock is down -10.52% 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 -4.91% relative to the S&P 500. The 4-week change in the price of the stock is -11% and the stock has fallen -4.75% in the past 1 week.
The stock has recorded a 20-day Moving Average of 3.15% and the 50-Day Moving Average is 9.22%.The 200 Day SMA reached 0.68%
LaSalle Hotel Properties (NYSE:LHO): After opening at $24.04, the stock dipped to an intraday low of $23.74 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $24.25 and the buying power remained strong till the end. The stock closed at $23.87 for the day, a gain of 0.17% for the day session. The total traded volume was 1,891,056. The stocks close on the previous trading day was $23.87.
LaSalle Hotel Properties (LHO) has been rated by 11 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $30 and the lowest price target forecast is $17. The average forecast of all the analysts is $25.27 and the expected standard deviation is $3.41.
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.