LaSalle Hotel Stock To Go Ex-dividend Tomorrow (LHO)

NEW YORK ( TheStreet) -- The ex-dividend date for LaSalle Hotel Properties (NYSE: LHO) is tomorrow, June 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $27.74 as of 9:30 a.m. ET, the dividend yield is 2.9%.

The average volume for LaSalle Hotel has been 870,000 shares per day over the past 30 days. LaSalle Hotel has a market cap of $2.4 billion and is part of the financial sector and real estate industry. Shares are up 15.9% 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 127.5, below the average real estate industry P/E ratio of 140.3 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.

See our dividend calendar or top-yielding stocks list.
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