RLJ Lodging Trust (NYSE:RLJ) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, May 9th. Analysts expect the company to announce earnings of $0.08 per share for the quarter.
RLJ Lodging Trust (NYSE:RLJ) last released its earnings results on Tuesday, February 27th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.08. The company had revenue of $462.49 million for the quarter, compared to analyst estimates of $442.14 million. RLJ Lodging Trust had a net margin of 5.52% and a return on equity of 2.77%. On average, analysts expect RLJ Lodging Trust to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
RLJ Lodging Trust stock opened at $20.72 on Wednesday. The company has a market cap of $3,656.55, a price-to-earnings ratio of 8.63, a price-to-earnings-growth ratio of 1.75 and a beta of 1.15. RLJ Lodging Trust has a 52-week low of $18.67 and a 52-week high of $23.96. The company has a current ratio of 3.06, a quick ratio of 3.06 and a debt-to-equity ratio of 0.91.
The firm also recently announced a quarterly dividend, which was paid on Friday, April 13th. Shareholders of record on Thursday, March 29th were issued a dividend of $0.33 per share. The ex-dividend date was Wednesday, March 28th. This represents a $1.32 dividend on an annualized basis and a yield of 6.37%. RLJ Lodging Trust’s dividend payout ratio (DPR) is presently 55.00%.
RLJ has been the topic of a number of research reports. Zacks Investment Research upgraded shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating in a report on Tuesday, March 20th. Robert W. Baird set a $22.00 target price on shares of RLJ Lodging Trust and gave the stock a “hold” rating in a report on Thursday, March 1st. Deutsche Bank increased their target price on shares of RLJ Lodging Trust from $22.00 to $23.00 and gave the stock a “hold” rating in a report on Friday, February 9th. ValuEngine lowered shares of RLJ Lodging Trust from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th. Finally, Boenning Scattergood set a $20.00 price objective on shares of RLJ Lodging Trust and gave the company a “sell” rating in a report on Thursday, March 1st. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $23.27.
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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