LaSalle Hotel Properties (LHO) : The total money flow in LaSalle Hotel Properties (LHO) was negative ($4.34 million), showing the domination of sellers in the Friday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $19.5 million. Transactions on upticks were comparatively lower at $15.16 million. The uptick to downtick ratio was 0.78. The total block trades done on upticks were valued at $2.82 million. The total block trades on downticks were valued at $7.44 million. The uptick to the downtick ratio of block trades was 0.38. The money flow during block trades was negative ($4.62 million) when the stock traded with a gain of $123 cent. LaSalle Hotel Properties (LHO) was $27.89, an increase of 4.61% over the previous days close.
LaSalle Hotel Properties (LHO) : The highest short term price target forecast on LaSalle Hotel Properties (LHO) is $30 and the lowest target price is $15. A total of 10 equity analysts are currently covering the company. The average price of all the analysts is $24.7 with a standard deviation of $3.95.
LaSalle Hotel Properties (NYSE:LHO): stock turned positive on Friday. Though the stock opened at $26.69, the bulls momentum made the stock top out at $28.07 level for the day. The stock recorded a low of $26.5 and closed the trading day at $27.89, in the green by 4.61%. The total traded volume for the day was 3,288,187. The stock had closed at $26.66 in the previous days trading.
In a related news, 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.