RLJ Lodging Trust (RLJ) Expected to Announce Earnings of $0.51 Per Share

Wall Street analysts forecast that RLJ Lodging Trust (NYSE:RLJ) will announce earnings of $0.51 per share for the current quarter, according to Zacks. Seven analysts have issued estimates for RLJ Lodging Trust’s earnings. The highest EPS estimate is $0.57 and the lowest is $0.46. RLJ Lodging Trust reported earnings of $0.60 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 15%. The firm is scheduled to report its next quarterly earnings results after the market closes on Tuesday, February 27th.

On average, analysts expect that RLJ Lodging Trust will report full year earnings of $2.35 per share for the current year, with EPS estimates ranging from $2.31 to $2.40. For the next financial year, analysts expect that the business will post earnings of $2.47 per share, with EPS estimates ranging from $2.41 to $2.52. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow RLJ Lodging Trust.

RLJ Lodging Trust (NYSE:RLJ) last posted its earnings results on Wednesday, November 8th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.02. The company had revenue of $341.26 million for the quarter, compared to analysts’ expectations of $347.74 million. RLJ Lodging Trust had a return on equity of 5.80% and a net margin of 12.30%. RLJ Lodging Trust’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period last year, the firm earned $0.69 earnings per share.

Several analysts recently issued reports on the company. KeyCorp raised RLJ Lodging Trust from a “sector weight” rating to an “overweight” rating and set a $25.00 target price on the stock in a research note on Tuesday, December 19th. Robert W. Baird reissued a “hold” rating on shares of RLJ Lodging Trust in a research note on Thursday, December 21st. SunTrust Banks assumed coverage on RLJ Lodging Trust in a research note on Thursday, October 19th. They issued a “hold” rating and a $22.00 target price on the stock. Zacks Investment Research cut RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. Finally, ValuEngine raised RLJ Lodging Trust from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Three analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $23.36.

Several institutional investors and hedge funds have recently modified their holdings of the company. State Street Corp boosted its position in shares of RLJ Lodging Trust by 2.4% in the 2nd quarter. State Street Corp now owns 4,831,260 shares of the real estate investment trust’s stock worth $96,267,000 after purchasing an additional 111,681 shares in the last quarter. Cohen & Steers Inc. bought a new stake in shares of RLJ Lodging Trust in the 3rd quarter worth approximately $89,956,000. Daiwa Securities Group Inc. boosted its position in shares of RLJ Lodging Trust by 534.3% in the 4th quarter. Daiwa Securities Group Inc. now owns 3,715,579 shares of the real estate investment trust’s stock worth $81,632,000 after purchasing an additional 3,129,810 shares in the last quarter. Land & Buildings Investment Management LLC bought a new stake in shares of RLJ Lodging Trust in the 3rd quarter worth approximately $77,072,000. Finally, Citadel Advisors LLC boosted its position in shares of RLJ Lodging Trust by 128.7% in the 3rd quarter. Citadel Advisors LLC now owns 3,006,051 shares of the real estate investment trust’s stock worth $66,133,000 after purchasing an additional 1,691,905 shares in the last quarter. 95.28% of the stock is currently owned by hedge funds and other institutional investors.

Shares of RLJ Lodging Trust (NYSE RLJ) opened at $21.19 on Thursday. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $3,748.32, a PE ratio of 18.75, a P/E/G ratio of 1.79 and a beta of 1.10. RLJ Lodging Trust has a 12 month low of $19.12 and a 12 month high of $23.98.

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 29th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 6.23%. This is a boost from RLJ Lodging Trust’s previous quarterly dividend of $0.22. The ex-dividend date was Thursday, December 28th. RLJ Lodging Trust’s payout ratio is presently 116.82%.

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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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