RLJ Lodging Trust (RLJ) Set to Announce Earnings on Wednesday
RLJ Lodging Trust (NYSE:RLJ) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, November 8th. Analysts expect RLJ Lodging Trust to post earnings of $0.25 per share for the quarter.
RLJ Lodging Trust (NYSE:RLJ) last released its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.03. RLJ Lodging Trust had a return on equity of 8.16% and a net margin of 16.12%. The company had revenue of $292.28 million for the quarter, compared to analyst estimates of $293.16 million. During the same period in the previous year, the company posted $0.82 EPS. The firm’s revenue for the quarter was down 7.8% compared to the same quarter last year. On average, analysts expect RLJ Lodging Trust to post $2.29 EPS for the current fiscal year and $2.45 EPS for the next fiscal year.
Shares of RLJ Lodging Trust (RLJ) opened at 21.66 on Wednesday. RLJ Lodging Trust has a 1-year low of $18.92 and a 1-year high of $25.10. The company’s 50 day moving average price is $21.90 and its 200-day moving average price is $21.02. The company has a market capitalization of $2.68 billion, a price-to-earnings ratio of 14.94 and a beta of 1.17.
The business also recently announced a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were issued a $0.11 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.44 dividend on an annualized basis and a yield of 2.03%. RLJ Lodging Trust’s dividend payout ratio is currently 30.34%.
RLJ has been the topic of a number of recent research reports. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $25.00 target price on shares of RLJ Lodging Trust in a report on Friday, August 4th. Barclays PLC initiated coverage on RLJ Lodging Trust in a report on Friday, October 6th. They issued an “equal weight” rating and a $24.00 target price on the stock. BidaskClub cut RLJ Lodging Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Deutsche Bank AG initiated coverage on RLJ Lodging Trust in a report on Tuesday, September 19th. They set a “hold” rating and a $22.00 price target on the stock. Finally, ValuEngine raised RLJ Lodging Trust from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $24.00.
In related news, Director Nathaniel A. Davis sold 10,000 shares of RLJ Lodging Trust stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $20.11, for a total value of $201,100.00. Following the completion of the transaction, the director now owns 72,928 shares in the company, valued at $1,466,582.08. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Forgia Robert M. La purchased 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was bought at an average price of $19.73 per share, with a total value of $98,650.00. Following the transaction, the director now owns 37,528 shares of the company’s stock, valued at approximately $740,427.44. The disclosure for this purchase can be found here. Insiders own 2.30% of the company’s stock.
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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