RLJ Lodging Trust (NYSE:RLJ) to Release Quarterly Earnings on Thursday
RLJ Lodging Trust (NYSE:RLJ) will issue its quarterly earnings data after the market closes on Thursday, August 3rd. Analysts expect the company to announce earnings of $0.68 per share for the quarter.
RLJ Lodging Trust (NYSE:RLJ) last announced its quarterly earnings results on Monday, May 8th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. The firm had revenue of $260.20 million for the quarter, compared to the consensus estimate of $263.57 million. RLJ Lodging Trust had a return on equity of 8.95% and a net margin of 17.19%. The company’s quarterly revenue was down 5.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.57 earnings per share. On average, analysts expect RLJ Lodging Trust to post $2.3 EPS for the current fiscal year and $2.35 EPS for the next fiscal year.
Shares of RLJ Lodging Trust (RLJ) traded up 0.38% on Thursday, hitting $21.08. The stock had a trading volume of 1,600,762 shares. RLJ Lodging Trust has a 12 month low of $18.92 and a 12 month high of $25.10. The company has a market cap of $2.61 billion, a P/E ratio of 13.34 and a beta of 1.15. The company’s 50 day moving average price is $20.55 and its 200-day moving average price is $22.04.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.32 annualized dividend and a yield of 6.29%. RLJ Lodging Trust’s dividend payout ratio (DPR) is 83.54%.
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Several research analysts recently weighed in on the company. Boenning Scattergood restated an “underperform” rating on shares of RLJ Lodging Trust in a research note on Wednesday, April 12th. Janney Montgomery Scott restated a “buy” rating and set a $28.00 target price (up from $26.00) on shares of RLJ Lodging Trust in a research note on Monday, June 5th. ValuEngine downgraded RLJ Lodging Trust from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. BidaskClub downgraded RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Finally, Zacks Investment Research downgraded RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Four analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $25.13.
RLJ Lodging Trust Company Profile
RLJ Lodging Trust is a self-administered real estate investment trust. The Company is engaged in the acquisition of focused-service and compact full-service hotels. As of December 31, 2016, the Company owned 122 hotels with approximately 20,100 rooms, located in 21 states and the District of Columbia, and an interest in one mortgage loan secured by a hotel.
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