RLJ Lodging Trust (NYSE:RLJ) Expected to Post Earnings of $0.19 Per Share

Equities research analysts expect RLJ Lodging Trust (NYSE:RLJ) to report $0.19 earnings per share (EPS) for the current quarter, Zacks reports. Six analysts have made estimates for RLJ Lodging Trust’s earnings, with the highest EPS estimate coming in at $0.29 and the lowest estimate coming in at $0.12. RLJ Lodging Trust reported earnings per share of ($0.28) during the same quarter last year, which would indicate a positive year-over-year growth rate of 167.9%. The firm is scheduled to issue its next earnings report on Thursday, February 24th.

According to Zacks, analysts expect that RLJ Lodging Trust will report full-year earnings of $0.23 per share for the current fiscal year, with EPS estimates ranging from $0.18 to $0.31. For the next financial year, analysts forecast that the business will report earnings of $1.36 per share, with EPS estimates ranging from $1.03 to $1.64. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for RLJ Lodging Trust.

RLJ Lodging Trust (NYSE:RLJ) last posted its quarterly earnings data on Thursday, November 4th. The real estate investment trust reported ($0.94) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($1.08). The company had revenue of $233.80 million for the quarter, compared to analyst estimates of $231.67 million. RLJ Lodging Trust had a negative return on equity of 16.47% and a negative net margin of 57.05%. RLJ Lodging Trust’s quarterly revenue was up 178.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.32) EPS.

Several brokerages recently commented on RLJ. Zacks Investment Research cut RLJ Lodging Trust from a “buy” rating to a “hold” rating in a research note on Thursday, November 4th. Robert W. Baird raised RLJ Lodging Trust from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $17.00 to $18.00 in a research report on Friday. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $18.00.

NYSE:RLJ traded up $0.17 on Friday, hitting $14.73. 1,501,087 shares of the company’s stock traded hands, compared to its average volume of 1,148,549. The company has a current ratio of 4.26, a quick ratio of 4.26 and a debt-to-equity ratio of 1.15. RLJ Lodging Trust has a 1 year low of $11.92 and a 1 year high of $17.51. The firm has a 50-day moving average price of $13.72 and a 200-day moving average price of $14.24.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 18th. Investors of record on Friday, December 31st will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.27%. The ex-dividend date is Thursday, December 30th. RLJ Lodging Trust’s dividend payout ratio is -1.69%.

A number of large investors have recently added to or reduced their stakes in the business. Invesco Ltd. raised its position in shares of RLJ Lodging Trust by 22.8% during the third quarter. Invesco Ltd. now owns 10,487,771 shares of the real estate investment trust’s stock worth $155,848,000 after purchasing an additional 1,946,329 shares during the period. JPMorgan Chase & Co. raised its position in RLJ Lodging Trust by 39.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,687,679 shares of the real estate investment trust’s stock valued at $71,393,000 after buying an additional 1,315,859 shares during the last quarter. Heitman Real Estate Securities LLC acquired a new stake in RLJ Lodging Trust in the 2nd quarter valued at approximately $16,365,000. Balyasny Asset Management LLC acquired a new stake in RLJ Lodging Trust in the 3rd quarter valued at approximately $11,562,000. Finally, Millennium Management LLC raised its position in RLJ Lodging Trust by 78.0% in the 2nd quarter. Millennium Management LLC now owns 994,751 shares of the real estate investment trust’s stock valued at $15,150,000 after buying an additional 435,875 shares during the last quarter. 92.31% of the stock is currently owned by hedge funds and other institutional investors.

RLJ Lodging Trust Company Profile

RLJ Lodging Trust is a real estate investment trust, which engages in the ownership and acquisition of hotels. It operates through the following hotel brands: Embassy Suites, Marriott, Hilton, Hyatt House, Hyatt Place, Hilton Garden Inn, Wyndham, Renaissance, Fairfield Inn & Suites, Holiday Inn Express, Sleep Inn, Hampton Inn, Hotel Indigo, IHG, SpringHill Suites, Hyatt Centric, and Homewood Suites.

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