LaSalle Hotel Stock Hits New 52-Week High (LHO)

NEW YORK ( TheStreet) -- LaSalle Hotel Properties (NYSE: LHO) hit a new 52-week high Tuesday as it is currently trading at $30.09, above its previous 52-week high of $29.98 with 112,333 shares traded as of 10:35 a.m. ET. Average volume has been 783,000 shares over the past 30 days.

LaSalle Hotel has a market cap of $2.53 billion and is part of the financial sector and real estate industry. Shares are up 21.5% year to date as of the close of trading on Monday.

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 134.1, below the average real estate industry P/E ratio of 147.5 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates LaSalle Hotel as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full LaSalle Hotel Ratings Report.

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