Equities research analysts forecast that RLJ Lodging Trust (NYSE:RLJ) will post $0.45 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for RLJ Lodging Trust’s earnings, with the highest EPS estimate coming in at $0.50 and the lowest estimate coming in at $0.41. RLJ Lodging Trust posted earnings per share of $0.52 in the same quarter last year, which would suggest a negative year over year growth rate of 13.5%. The company is expected to announce its next quarterly earnings report on Monday, May 14th.
According to Zacks, analysts expect that RLJ Lodging Trust will report full-year earnings of $2.42 per share for the current year, with EPS estimates ranging from $2.31 to $2.56. For the next year, analysts anticipate that the firm will report earnings of $2.44 per share, with EPS estimates ranging from $2.40 to $2.52. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for RLJ Lodging Trust.
RLJ Lodging Trust (NYSE:RLJ) last announced its quarterly earnings results on Tuesday, February 27th. The real estate investment trust reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.08. The company had revenue of $462.49 million during the quarter, compared to analysts’ expectations of $442.14 million. RLJ Lodging Trust had a return on equity of 2.77% and a net margin of 5.52%.
RLJ has been the subject of several recent analyst reports. Robert W. Baird restated a “hold” rating on shares of RLJ Lodging Trust in a research report on Thursday, December 21st. Zacks Investment Research cut RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. Deutsche Bank boosted their target price on RLJ Lodging Trust from $22.00 to $23.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. ValuEngine cut RLJ Lodging Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. Finally, Boenning Scattergood set a $20.00 target price on RLJ Lodging Trust and gave the stock a “sell” rating in a research report on Thursday, March 1st. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $23.27.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Assetmark Inc. raised its position in RLJ Lodging Trust by 8,118.5% during the 4th quarter. Assetmark Inc. now owns 5,342 shares of the real estate investment trust’s stock valued at $117,000 after purchasing an additional 5,277 shares during the last quarter. Lazard Asset Management LLC bought a new position in RLJ Lodging Trust during the 4th quarter valued at approximately $142,000. Oppenheimer Asset Management Inc. bought a new position in RLJ Lodging Trust during the 3rd quarter valued at approximately $225,000. Foster & Motley Inc. bought a new position in RLJ Lodging Trust during the 4th quarter valued at approximately $243,000. Finally, Zeke Capital Advisors LLC bought a new position in RLJ Lodging Trust during the 4th quarter valued at approximately $247,000.
Shares of NYSE RLJ opened at $20.55 on Monday. The firm has a market capitalization of $3,545.90, a PE ratio of 8.56, a P/E/G ratio of 1.70 and a beta of 1.15. RLJ Lodging Trust has a fifty-two week low of $18.67 and a fifty-two week high of $23.98. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.06 and a quick ratio of 3.06.
The business also recently announced a quarterly dividend, which was paid on Friday, April 13th. Stockholders of record on Thursday, March 29th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.42%. The ex-dividend date of this dividend was Wednesday, March 28th. RLJ Lodging Trust’s dividend payout ratio (DPR) is presently 55.00%.
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RLJ Lodging Trust Company Profile
RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust focused on acquiring premium-branded, focused-service and compact full-service hotels. The Company's portfolio consists of 156 hotels with approximately 30,570 rooms, located in 26 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.
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