LaSalle Hotel Properties

Owners of LaSalle Hotel Properties (NYSE: LHO) shares as of market close today will be eligible for a dividend of 28 cents per share. At a price of $28.48 as of 9:36 a.m. ET, the dividend yield is 3.9%.

The average volume for LaSalle Hotel Properties has been 797,600 shares per day over the past 30 days. LaSalle Hotel Properties has a market cap of $2.7 billion and is part of the real estate industry. Shares are up 12.2% year to date as of the close of trading on Tuesday.

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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 40.14.

TheStreet Ratings rates LaSalle Hotel Properties as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, reasonable valuation levels, good cash flow from operations and increase in stock price during the past year. 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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