Company Shares of LaSalle Hotel Properties (NYSE:LHO) Rally 0.75%

On a relative basis, the stock has outperformed the S&P 500 by 5.74% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.75% in the last 1 week, and is up 7.45% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The company shares have dropped -35.42% from its 1 Year high price. On Jul 17, 2015, the shares registered one year high at $38.46 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $23.14 and the 200 Day Moving Average price is recorded at $23.80.

The stock has recorded a 20-day Moving Average of 5.63% and the 50-Day Moving Average is 5.35%.


LaSalle Hotel Properties (NYSE:LHO): stock turned positive on Friday. Though the stock opened at $23.96, the bulls momentum made the stock top out at $24.4458 level for the day. The stock recorded a low of $23.96 and closed the trading day at $24.23, in the green by 2.19%. The total traded volume for the day was 1,300,119. The stock had closed at $23.71 in the previous days trading.

In an insider trading activity, Mccalmont William S, director of Lasalle Hotel Properties, unloaded 2,091 shares at an average price of $24.1 on May 2, 2016. The total amount of the transaction was worth $50,393, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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.

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