LaSalle Hotel Properties (NYSE: LHO) shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $24.97 as of 9:35 a.m. ET, the dividend yield is 3.2%. The average volume for LaSalle Hotel Properties has been 859,700 shares per day over the past 30 days. LaSalle Hotel Properties has a market cap of $2.4 billion and is part of the real estate industry. Shares are down 1.1% year to date as of the close of trading on Friday. EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys dividend stocks that have the potential for a 3% to 4% yield and 10% growth. Get his best picks for less than $50/year. 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 48.81. Currently there are 5 analysts that rate LaSalle Hotel Properties a buy, no analysts rate it a sell, and 7 rate it a hold. TheStreet Ratings rates LaSalle Hotel Properties as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, reasonable valuation levels, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full LaSalle Hotel Properties Ratings Report now.
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