LaSalle Hotel Properties s trend and data analysis indicates that the stock price has dropped -3.8% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 24.17% . Looking at the past 52 week period, the stock price is up at 14.97% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of LaSalle Hotel Properties has a positive value of 26.23 compared to overall market.LaSalle Hotel Properties is having a Relative Strength Index of 53.26 which indicates the stock is not yet over sold or over bought based on the technical indicators.
Stocks of LaSalle Hotel Properties (NYSE:LHO) rallied by 3.24% during the past week but lost 0.5% on a 4-week basis. The company has outperformed the S&P 500 by 2.99% in the past week but underperformed the index by 1.64% in the last 4 weeks.
Company shares have received an average consensus rating of Hold for the current week LaSalle Hotel Properties (NYSE:LHO) : On Friday heightened volatility was witnessed in LaSalle Hotel Properties (NYSE:LHO) which led to swings in the share price. The stock opened for trading at $29.56 and hit $29.67 on the upside , eventually ending the session at $29.64, with a gain of 0.68% or 0.2 points. The heightened volatility saw the trading volume jump to 1,904,174 shares. The 52-week high of the share price is $31.87 and the company has a market cap of $3,352 million. The 52-week low of the share price is at $21.56 .
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by Stifel on Jan 6, 2017 to Hold, Raises Price Target to $ 28.50 from a previous price target of $26 .
Company has reported several Insider transactions to the SEC, on Dec 8, 2016, Leonard Darryl Hartley (director) sold 10,000 shares at 29.78 per share price.On Aug 29, 2016, Michael D Barnello (President and CEO) sold 150,000 shares at 28.58 per share price.On Jul 27, 2016, Alfred L. Young (EVP and COO) sold 17,000 shares at 28.11 per share price.
LaSalle Hotel Properties Last issued its quarterly earnings results on Feb 22, 2017. The company reported $0.62 EPS for the quarter. Analyst had a consensus estimate of $0.62. The company had revenue of $289.50 million for the quarter, compared to analysts expectations of $286.31 million. The companys revenue was down -1.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.67 EPS.
Lasalle Hotel Properties, which intends to operate as a real estate investment trust for federal income tax purposes, has been formed to own hotel properties and to continue and expand the hotel investment activities of LaSalle Partners Incorporated and certain of its affiliates collectively, LaSalle. LaSalle is an institutionally respected real estate services and investment firm which has extensive experience in the acquisition, investment management, finance, development and disposition of hotel properties.