Company Shares of LaSalle Hotel Properties Rally 4.79%

LaSalle Hotel Properties (NYSE:LHO) has climbed 4.79% in the past week and advanced 6.83% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 6.05% and the outperformance has advanced to 5.85% for the last 4 weeks period.

LaSalle Hotel Properties (NYSE:LHO): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $23.10 and $23.08 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.87. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.63, notching a gain of 2.07% for the day. The total traded volume was 1,938,173 . The stock had closed at $23.15 on the previous day.

The company shares have dropped -35.81% 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 $23.38 and the 200 Day Moving Average price is recorded at $24.14.

On the companys insider trading activities, 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.

Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm Stifel Nicolaus assumes its rating on LaSalle Hotel Properties (NYSE:LHO). The rating major has initiated the coverage with hold rating on the shares. The rating by the firm was issued on March 29, 2016. Currently 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 -20.34% . During last six month period, the net percent change held by insiders has seen a change of -22.56%.

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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