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.
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