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.
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