LaSalle Hotel Properties (LHO) : During the past 4 weeks, traders have been relatively bearish on LaSalle Hotel Properties (LHO), hence the stock is down -5.34% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -6.4% relative to the S&P 500. The 4-week change in the price of the stock is -5.46% and the stock has fallen -5.93% in the past 1 week.
The stock has recorded a 20-day Moving Average of 4.81% and the 50-Day Moving Average is 1.34%.The 200 Day SMA reached 10.64%. LaSalle Hotel Properties is up 18.22% in the last 3-month period. Year-to-Date the stock performance stands at 10.8%.
LaSalle Hotel Properties (NYSE:LHO): The stock opened in the green at $26.9 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $27.48 and a low of $26.67 for the day. The stock did not find buyers even at the lows and closed at $26.82 recording a loss of -0.70%. 2,135,998 shares exchanged hands during the trading day. The stock had closed at $27.01 in the previous days trading.
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.