Brokerages Expect RLJ Lodging Trust (RLJ) to Post $0.51 EPS

Brokerages forecast that RLJ Lodging Trust (NYSE:RLJ) will announce earnings of $0.51 per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided 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 per share of $0.60 during the same quarter last year, which would suggest a negative year-over-year growth rate of 15%. The company is expected to issue its next quarterly earnings report after the market closes on Tuesday, February 27th.

According to Zacks, 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 year, analysts anticipate that the business will report earnings of $2.47 per share, with EPS estimates ranging from $2.41 to $2.52. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover RLJ Lodging Trust.

Several research analysts have commented on the stock. TheStreet downgraded shares of RLJ Lodging Trust from a “b-” rating to a “c+” rating in a report on Wednesday, November 8th. Zacks Investment Research downgraded shares of RLJ Lodging Trust from a “hold” rating to a “sell” rating in a report on Wednesday, December 6th. Deutsche Bank raised their price target on shares of RLJ Lodging Trust from $22.00 to $23.00 and gave the company a “hold” rating in a report on Friday, February 9th. KeyCorp raised shares of RLJ Lodging Trust from a “sector weight” rating to an “overweight” rating and set a $25.00 price target for the company in a report on Tuesday, December 19th. Finally, ValuEngine raised shares of RLJ Lodging Trust from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $23.45.

RLJ Lodging Trust (NYSE RLJ) traded up $0.05 on Friday, reaching $21.14. 1,340,000 shares of the company traded hands, compared to its average volume of 1,330,000. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.06 and a current ratio of 2.06. RLJ Lodging Trust has a 52 week low of $19.12 and a 52 week high of $23.98. The company has a market cap of $3,700.00, a P/E ratio of 27.82, a PEG ratio of 1.77 and a beta of 1.10.

Several institutional investors have recently bought and sold shares of the company. Arrow Investment Advisors LLC raised its position in shares of RLJ Lodging Trust by 10.6% during the 3rd quarter. Arrow Investment Advisors LLC now owns 31,640 shares of the real estate investment trust’s stock valued at $696,000 after buying an additional 3,040 shares in 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 valued at $212,000 after buying an additional 4,002 shares in the last quarter. New York State Teachers Retirement System raised its position in shares of RLJ Lodging Trust by 38.0% during the 3rd quarter. New York State Teachers Retirement System now owns 14,900 shares of the real estate investment trust’s stock valued at $328,000 after buying an additional 4,100 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of RLJ Lodging Trust by 1.8% during the 3rd quarter. Teacher Retirement System of Texas now owns 252,236 shares of the real estate investment trust’s stock valued at $5,549,000 after buying an additional 4,425 shares in the last quarter. Finally, 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 valued at $121,000 after buying an additional 5,040 shares in the last quarter. Hedge funds and other institutional investors own 98.23% of the company’s stock.

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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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