NEW YORK ( TheStreet) -- The ex-dividend date for LaSalle Hotel Properties (NYSE: LHO) is tomorrow, September 28, 2011. Owners of shares as of market close today will be eligible for a dividend of 11 cents per share. At a price of $19.90 as of 9:35 a.m. ET, the dividend yield is 2.4%.

The average volume for LaSalle Hotel has been 1.1 million shares per day over the past 30 days. LaSalle Hotel has a market cap of $1.6 billion and is part of the financial sector and real estate industry. Shares are down 29.8% 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.
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TheStreet Ratings rates LaSalle Hotel as a hold. 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 and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including poor profit margins and a generally disappointing performance in the stock itself. You can view the full LaSalle Hotel Ratings Report.

See our dividend calendar or top-yielding stocks list.
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