LaSalle Hotel Properties (LHO) experienced unusually high volume on Jan. 13, as the stock lost 8.28% to a closing price of $21.48. The stock saw 3.2 million shares trade hands over the course of the day on 20,390 trades. Given that the stock’s average daily volume over the last month has been 1.62 million shares a day, this represents a pretty substantial spike over the norm.
LaSalle Hotel Properties has a P/B ratio of 1.01. It also has a P/E ratio of 21.5. The stock has traded between $43.56 and $23.04 over the last 52-weeks, its 50-day SMA is now $26.66, and its 200-day SMA $31.48.
LaSalle Hotel Properties is a real estate investment trust. The Company's business includes buying, owing, redeveloping & leasing mainly upscale & luxury full-service hotels located in convention, resort & urban business markets.
Headquartered in Bethesda, MD, LaSalle Hotel Properties has 35 employees and is currently under the leadership of CEO Michael D. Barnello.
For a complete fundamental analysis analysis of LaSalle Hotel Properties, check out Equities.com’s Stock Valuation Analysis report for LHO. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.
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