Lasalle Hotel Properties (LHO): William S Mccalmont , director of Lasalle Hotel Properties sold 2,091 shares on May 2, 2016. The Insider selling transaction was reported by the company on May 3, 2016 to the Securities and Exchange Commission. The shares were sold at $24.10 per share for a total value of $50,393.31 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 28, 2016, Bruce A Riggins (EVP) sold 15,000 shares at $24.46 per share price.On Mar 7, 2016, William S Mccalmont (director) sold 2,412 shares at $26.48 per share price.
LaSalle Hotel Properties: On Monday, May 2, 2016 heightened volatility was witnessed in LaSalle Hotel Properties which led to swings in the share price. The shares opened for trading at $24 and hit $24.2584 on the upside , eventually ending the session at $24.22, with a gain of 1.34% or 0.32 points. The heightened volatility saw the trading volume jump to 9,29,852 shares. The 52-week high of the share price is $38.46 and the company has a market cap of $2,738 M . The 52-week low of the share price is at $19.0089.
Company has been under the radar of several Street Analysts.LaSalle Hotel Properties is Resumed by Stifel to Hold. The Rating was issued on Mar 29, 2016.LaSalle Hotel Properties is Reiterated by RBC Capital Mkts to Sector Perform while Lowering the Price Target of the company shares to $ 28 from a previous price target of $32 . The Rating was issued on Feb 22, 2016.
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 11300 guest rooms located in 10 states and the District of Columbia. LaSalle Hotel Lessee Inc. (LHL) is the Company’s wholly owned REIT subsidiary. Its hotels are leased to LHL that provides for rental payments. The Company’s 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.