LaSalle Hotel Reaches New 52-Week High (LHO)

NEW YORK ( TheStreet) -- LaSalle Hotel Properties (NYSE: LHO) hit a new 52-week high Monday as it is currently trading at $28.72, above its previous 52-week high of $28.69 with 164,507 shares traded as of 12:15 p.m. ET. Average volume has been 607,500 shares over the past 30 days.

LaSalle Hotel has a market cap of $2.27 billion and is part of the financial sector and real estate industry. Shares are up 17.3% year to date as of the close of trading on Friday.

LaSalle Hotel Properties, a real estate investment trust (REIT), engages in the purchase, ownership, redevelopment, and leasing of primarily upscale and luxury full-service hotels in convention, resort, and urban business markets in the United States. The company has a P/E ratio of 189.3, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates LaSalle Hotel as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins. You can view the full LaSalle Hotel Ratings Report.

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