LaSalle Hotel Properties (LHO) Chairman and CEO Jon E Bortz sells 40,000 Shares

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Aug 06, 2009
Chairman and CEO of LaSalle Hotel Properties (LHO, Financial) Jon E Bortz sells 40,000 shares of LHO on 08/06/2009 at an average price of $17.12 a share.

Lasalle Hotel Properties which intends to operate as a real estate investment trust for federal income tax purposes has been formed to own hotel properties and to continue and expand the hotel investment activities of LaSalle Partners Incorporated and certain of its affiliates collectively LaSalle. LaSalle is an institutionally respected real estate services and investment firm which has extensive experience in the acquisition investment management finance development and disposition of hotel properties. LaSalle Hotel Properties has a market cap of $931.7 million; its shares were traded at around $17.45 with a P/E ratio of 7.4 and P/S ratio of 1.4. The dividend yield of LaSalle Hotel Properties stocks is 0.3%. LaSalle Hotel Properties had an annual average earning growth of 3.1% over the past 10 years.

LHO is in the portfolios of Chris Davis of Davis Selected Advisers, HOTCHKIS & WILEY of HOTCHKIS & WILEY Capital Management LLC.

Recent Trades of LaSalle Hotel Properties by Directors and Officers:
  • Buy: Director Stuart L Scott bought 30,000 shares of LHO stock on 02/27/2009 at the average price of $5.33; the price of the stock has increased by 227.39% since.