RLJ Lodging Trust (RLJ) Expected to Post Quarterly Sales of $441.79 Million

Equities research analysts predict that RLJ Lodging Trust (NYSE:RLJ) will report sales of $441.79 million for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for RLJ Lodging Trust’s earnings. The highest sales estimate is $452.26 million and the lowest is $398.99 million. RLJ Lodging Trust reported sales of $271.45 million during the same quarter last year, which would suggest a positive year over year growth rate of 62.8%. The firm is scheduled to announce its next earnings report after the market closes on Tuesday, February 27th.

According to Zacks, analysts expect that RLJ Lodging Trust will report full-year sales of $441.79 million for the current year, with estimates ranging from $1.29 billion to $1.35 billion. For the next year, analysts anticipate that the business will report sales of $1.86 billion per share, with estimates ranging from $1.74 billion to $1.90 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow RLJ Lodging Trust.

RLJ Lodging Trust (NYSE:RLJ) last issued its quarterly earnings data on Wednesday, November 8th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.02. The business had revenue of $341.26 million during the quarter, compared to the consensus estimate of $347.74 million. RLJ Lodging Trust had a net margin of 12.30% and a return on equity of 5.80%. The company’s revenue was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.69 earnings per share.

A number of research analysts have weighed in on RLJ shares. ValuEngine upgraded shares of RLJ Lodging Trust from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. TheStreet downgraded shares of RLJ Lodging Trust from a “b-” rating to a “c+” rating in a research report on Wednesday, November 8th. Robert W. Baird set a $23.00 price objective on shares of RLJ Lodging Trust and gave the stock a “hold” rating in a research report on Sunday, October 29th. SunTrust Banks initiated coverage on shares of RLJ Lodging Trust in a research report on Thursday, October 19th. They issued a “hold” rating and a $22.00 price objective for the company. Finally, Deutsche Bank upped their price target on shares of RLJ Lodging Trust from $22.00 to $23.00 and gave the stock a “hold” rating in a research report on Friday. Three analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $23.45.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ffcm LLC raised its position in shares of RLJ Lodging Trust by 1,105.3% during the 3rd quarter. Ffcm LLC now owns 5,496 shares of the real estate investment trust’s stock worth $121,000 after purchasing an additional 5,040 shares during the last quarter. Ameritas Investment Partners Inc. raised its position in shares of RLJ Lodging Trust by 38.0% during the 3rd quarter. Ameritas Investment Partners Inc. now owns 14,536 shares of the real estate investment trust’s stock worth $212,000 after purchasing an additional 4,002 shares during the last quarter. Cornerstone Capital Management Holdings LLC. acquired a new position in shares of RLJ Lodging Trust during the 2nd quarter worth about $214,000. Oppenheimer Asset Management Inc. acquired a new position in shares of RLJ Lodging Trust during the 3rd quarter worth about $225,000. Finally, Foster & Motley Inc. acquired a new position in shares of RLJ Lodging Trust during the 4th quarter worth about $243,000. Hedge funds and other institutional investors own 95.28% of the company’s stock.

RLJ Lodging Trust (NYSE RLJ) opened at $21.70 on Friday. The firm has a market cap of $4,000.00, a PE ratio of 28.55, a price-to-earnings-growth ratio of 1.73 and a beta of 1.10. RLJ Lodging Trust has a 1 year low of $19.12 and a 1 year high of $23.98. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.06 and a quick ratio of 2.06.

The business also recently declared a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 29th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 6.08%. The ex-dividend date was Thursday, December 28th. This is an increase from RLJ Lodging Trust’s previous quarterly dividend of $0.22. RLJ Lodging Trust’s dividend payout ratio is 173.68%.

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About RLJ Lodging Trust

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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