Analysts expect RLJ Lodging Trust (NYSE:RLJ) to report $0.46 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for RLJ Lodging Trust’s earnings, with estimates ranging from $0.43 to $0.49. RLJ Lodging Trust reported earnings per share of $0.47 during the same quarter last year, which suggests a negative year over year growth rate of 2.1%. The firm is expected to issue its next quarterly earnings report on Wednesday, May 8th.
According to Zacks, analysts expect that RLJ Lodging Trust will report full-year earnings of $2.25 per share for the current financial year, with EPS estimates ranging from $2.15 to $2.32. For the next fiscal year, analysts expect that the business will report earnings of $2.27 per share, with EPS estimates ranging from $2.18 to $2.36. Zacks’ EPS calculations are an average based on a survey of research analysts that cover RLJ Lodging Trust.
A number of equities analysts have recently issued reports on RLJ shares. Zacks Investment Research cut shares of RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research report on Thursday, November 22nd. Robert W. Baird reissued a “buy” rating and set a $24.00 price objective on shares of RLJ Lodging Trust in a research report on Friday, November 30th. KeyCorp set a $23.00 price objective on shares of RLJ Lodging Trust and gave the stock a “buy” rating in a research report on Thursday, December 20th. TheStreet cut shares of RLJ Lodging Trust from a “b-” rating to a “c+” rating in a research report on Thursday, January 3rd. Finally, Wells Fargo & Co reissued a “hold” rating on shares of RLJ Lodging Trust in a research report on Friday, January 25th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $22.33.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Karp Capital Management Corp bought a new position in RLJ Lodging Trust in the 4th quarter valued at about $28,000. Bessemer Group Inc. bought a new position in RLJ Lodging Trust in the 4th quarter valued at about $48,000. Enlightenment Research LLC bought a new position in RLJ Lodging Trust in the 4th quarter valued at about $85,000. Paradigm Asset Management Co. LLC bought a new position in RLJ Lodging Trust in the 3rd quarter valued at about $106,000. Finally, M&T Bank Corp bought a new position in RLJ Lodging Trust in the 4th quarter valued at about $175,000. 96.90% of the stock is currently owned by institutional investors and hedge funds.
RLJ stock opened at $18.06 on Friday. The stock has a market cap of $3.14 billion, a PE ratio of 7.79, a P/E/G ratio of 1.62 and a beta of 1.38. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.71. RLJ Lodging Trust has a 1 year low of $15.91 and a 1 year high of $23.97.
RLJ Lodging Trust Company Profile
RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust that owns primarily premium-branded, high-margin, focused-service and compact full-service hotels. The Company's portfolio consists of 150 hotels with approximately 28,600 rooms, located in 25 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.
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