LaSalle Hotel Properties (LHO) has been near the top of my list since the beginning of the year, it's time to take a serious look at the oportunity that this company may offer.
LaSalle Hotel Properties, is a real estate investment trust (REIT), which engages in the purchase, ownership, and lease of upscale and luxury hotels located in convention, resort, and urban business markets in the U. S.
LHO is selling today at about 29.62, trades an average of 633,000 shares daily, offers an attractive yield of 7.20%, the number of funds holding positions has increased over the last 3 quarters, has a low book value, the chart may indicate a bottom at around 27, and earnings have increased since 2003.
Expect a sustained rise in price if it breaks above the 50 day moving average at around 31.
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