LaSalle Hotel Properties(NYSE:LHO) Declares Dividend of $0.4500.

LaSalle Hotel Properties (NYSE:LHO) had declared a cash dividend of $0.4500 on Sep 15, 2016. The shares will quote ex-dividend on Sep 28, 2016 and the record date has been fixed for Sep 30, 2016. On Sep 15, 2016 share price, the yield comes out to be 7.2522%. The dividend payable date has been fixed on Oct 17, 2016.

In a different note, BTIG Research said it Initiates Coverage on LaSalle Hotel Properties, according to a research note issued on Aug 25, 2016. The shares have been rated ‘Neutral’ by the firm. On Jul 28, 2016, Citigroup said it Maintains its rating on LaSalle Hotel Properties. In the research note, the firm Raises the price-target to $23.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 21, 2016, Barclays said it Maintains its rating on LaSalle Hotel Properties. In the research note, the firm Raises the price-target to $23.00 per share. The shares have been rated ‘Underweight’ by the firm. On Jul 21, 2016, Credit Suisse said it Downgrades its rating on LaSalle Hotel Properties. In the research note, the firm Lowers the price-target to $26.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 19, 2016, Deutsche Bank said it Maintains its rating on LaSalle Hotel Properties. In the research note, the firm Lowers the price-target to $26.00 per share. The shares have been rated ‘Hold’ by the firm.

LaSalle Hotel Properties (LHO) shares turned negative on Tuesdays trading session with the shares closing down -0.07 points or -0.29% at a volume of 15,43,050. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $24.79. The peak price level was also seen at $24.79 while the days lowest was $24.315. Finally the shares closed at $24.39. The 52-week high of the shares is $32.1001 while the 52-week low is $19.0089. According to the latest information available, the market cap of the company is $2,758 M.

LaSalle Hotel Properties(LHO) last announced its earnings results on Jul 20, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $351.09M. Analysts had an estimated revenue of $344.43M. Earnings per share were $0.95. Analysts had estimated an EPS of $0.95.

Several Insider Transactions has been reported to the SEC. On Aug 29, 2016, Michael D Barnello (President and CEO) sold 150,000 shares at $28.58 per share price.Also, On Jul 27, 2016, Alfred L. Young (EVP and COO) sold 17,000 shares at $28.11 per share price.On May 3, 2016, William S Mccalmont (director) sold 2,091 shares at $24.10 per share price, according to the Form-4 filing with the securities and exchange commission.

Lasalle Hotel Properties is a self-managed and self-administered real estate investment trust (REIT). The Company buys owns redevelops and leases upscale and luxury full-service hotels located in convention resort and urban business markets. As of December 31 2014 the Company owned interests in 45 hotels with approximately 11300 guest rooms located in 10 states and the District of Columbia. LaSalle Hotel Lessee Inc. (LHL) is the Company’s wholly owned REIT subsidiary. Its hotels are leased to LHL that provides for rental payments. The Company’s assets are held by and all of its operations are conducted through LaSalle Hotel Operating Partnership L.P. (the Operating Partnership). The Company is the sole general partner of the Operating Partnership.

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