Brokerages Expect RLJ Lodging Trust (RLJ) to Announce $0.56 EPS

Equities research analysts expect RLJ Lodging Trust (NYSE:RLJ) to post $0.56 earnings per share for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for RLJ Lodging Trust’s earnings, with the highest EPS estimate coming in at $0.60 and the lowest estimate coming in at $0.52. RLJ Lodging Trust reported earnings of $0.61 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 8.2%. The firm is scheduled to report its next quarterly earnings report after the market closes on Tuesday, November 6th.

According to Zacks, analysts expect that RLJ Lodging Trust will report full year earnings of $2.26 per share for the current financial year, with EPS estimates ranging from $2.20 to $2.31. For the next financial year, analysts anticipate that the firm will report earnings of $2.34 per share, with EPS estimates ranging from $2.24 to $2.49. Zacks’ EPS averages are an average based on a survey of research analysts that cover RLJ Lodging Trust.

RLJ Lodging Trust (NYSE:RLJ) last posted its quarterly earnings results on Tuesday, August 7th. The real estate investment trust reported $0.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.73 by ($0.40). RLJ Lodging Trust had a return on equity of 3.11% and a net margin of 5.72%. The company had revenue of $484.69 million during the quarter, compared to analyst estimates of $488.62 million.

A number of equities analysts have recently weighed in on RLJ shares. Wells Fargo & Co downgraded shares of RLJ Lodging Trust from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 7th. ValuEngine downgraded shares of RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, August 8th. Zacks Investment Research raised shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 25th. Robert W. Baird raised shares of RLJ Lodging Trust from a “neutral” rating to an “outperform” rating in a research note on Friday, September 21st. Finally, TheStreet raised shares of RLJ Lodging Trust from a “c+” rating to a “b-” rating in a research note on Tuesday, September 25th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. RLJ Lodging Trust has an average rating of “Hold” and an average target price of $22.67.

A number of large investors have recently modified their holdings of the stock. Daiwa Securities Group Inc. boosted its holdings in RLJ Lodging Trust by 1.1% in the third quarter. Daiwa Securities Group Inc. now owns 6,187,563 shares of the real estate investment trust’s stock worth $136,312,000 after purchasing an additional 64,522 shares in the last quarter. Northern Trust Corp boosted its holdings in RLJ Lodging Trust by 1.4% during the second quarter. Northern Trust Corp now owns 3,113,003 shares of the real estate investment trust’s stock valued at $68,642,000 after acquiring an additional 43,412 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in RLJ Lodging Trust by 5.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 2,856,819 shares of the real estate investment trust’s stock valued at $62,993,000 after acquiring an additional 142,207 shares during the period. Dimensional Fund Advisors LP boosted its holdings in RLJ Lodging Trust by 1.5% during the second quarter. Dimensional Fund Advisors LP now owns 2,815,004 shares of the real estate investment trust’s stock valued at $62,070,000 after acquiring an additional 42,928 shares during the period. Finally, Duff & Phelps Investment Management Co. boosted its holdings in RLJ Lodging Trust by 3.9% during the third quarter. Duff & Phelps Investment Management Co. now owns 2,207,868 shares of the real estate investment trust’s stock valued at $48,639,000 after acquiring an additional 83,800 shares during the period. Hedge funds and other institutional investors own 98.75% of the company’s stock.

NYSE RLJ opened at $19.18 on Monday. RLJ Lodging Trust has a 1-year low of $18.67 and a 1-year high of $23.97. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.58 and a current ratio of 2.58. The firm has a market capitalization of $3.41 billion, a PE ratio of 8.17, a P/E/G ratio of 1.76 and a beta of 1.14.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Friday, September 28th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 6.88%. The ex-dividend date was Thursday, September 27th. RLJ Lodging Trust’s dividend payout ratio is presently 55.00%.

About RLJ Lodging Trust

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 154 hotels with approximately 30,000 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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