Shares of LaSalle Hotel Properties (NYSE:LHO) Sees Large Inflow of Net Money Flow

Shares of LaSalle Hotel Properties (NYSE:LHO) saw an erosion of -0.22 points in recent session. During the trading, the value of each share was $22.33, dropping -0.98%. The shares saw high fund-flow as the composite value of all the upticks was $6.73 million and the total value of all the downticks was a mere $3.64 million. The net money flow was seen at $3.09 million and the up/down ratio was measured at 1.85. On a weekly basis the shares of the shares have recorded a change of -3.42%.The block trade which occurred today had $2.13 million in upticks and $0 million in downticks with the up/down ratio climbing to 0. $2.13 million was the net money flow of the block transaction.


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%. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Mccalmont William S, director of Lasalle Hotel Properties, had unloaded 2,091 shares at an average price of $24.1 in a transaction dated on May 2, 2016. The total value of the transaction was worth $50,393.

LaSalle Hotel Properties (NYSE:LHO) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.18 points or 0.8% at $22.37 with 2,184,391 shares getting traded. Post opening the session at $22.58, the shares hit an intraday low of $22.29 and an intraday high of $22.76 and the price was in this range throughout the day. The company has a market cap of $2,529 million and the number of outstanding shares have been calculated to be 113,059,456 shares. The 52-week high of LaSalle Hotel Properties (NYSE:LHO) is $38.46 and the 52-week low is $19.0089.

Many analysts have stated their opinion on the company shares. Stifel Nicolaus assumes its view on LaSalle Hotel Properties (NYSE:LHO) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. The rating by the firm was issued on March 29, 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 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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.