Brokerages forecast that RLJ Lodging Trust (NYSE:RLJ) will announce $457.37 million in sales for the current quarter, according to Zacks. Seven analysts have issued estimates for RLJ Lodging Trust’s earnings. The lowest sales estimate is $449.29 million and the highest is $469.78 million. RLJ Lodging Trust posted sales of $341.26 million during the same quarter last year, which suggests a positive year-over-year growth rate of 34%. The company is scheduled to report its next quarterly earnings report on Wednesday, November 14th.
On average, analysts expect that RLJ Lodging Trust will report full year sales of $1.80 billion for the current year, with estimates ranging from $1.78 billion to $1.82 billion. For the next year, analysts forecast that the business will report sales of $1.78 billion, with estimates ranging from $1.72 billion to $1.85 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that follow RLJ Lodging Trust.
RLJ Lodging Trust (NYSE:RLJ) last posted its quarterly earnings data on Tuesday, August 7th. The real estate investment trust reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.40). The firm had revenue of $484.69 million during the quarter, compared to analysts’ expectations of $488.62 million. RLJ Lodging Trust had a net margin of 5.72% and a return on equity of 3.11%.
Several equities research analysts have commented on RLJ shares. Wells Fargo & Co lowered shares of RLJ Lodging Trust from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 7th. Zacks Investment Research upgraded shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 25th. Barclays upgraded shares of RLJ Lodging Trust from an “equal weight” rating to an “overweight” rating and set a $23.00 target price on the stock in a research report on Friday, June 1st. Robert W. Baird upgraded shares of RLJ Lodging Trust from a “neutral” rating to an “outperform” rating in a research report on Friday, September 21st. Finally, ValuEngine lowered shares of RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, August 8th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. RLJ Lodging Trust currently has an average rating of “Hold” and an average target price of $22.33.
Institutional investors have recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. raised its stake in RLJ Lodging Trust by 1.1% in the 2nd quarter. Daiwa Securities Group Inc. now owns 6,123,041 shares of the real estate investment trust’s stock valued at $135,014,000 after purchasing an additional 67,777 shares during the last quarter. Brookfield Asset Management Inc. acquired a new position in RLJ Lodging Trust in the 1st quarter valued at about $93,540,000. Northern Trust Corp raised its stake in RLJ Lodging Trust by 1.4% in the 2nd quarter. Northern Trust Corp now owns 3,113,003 shares of the real estate investment trust’s stock valued at $68,642,000 after purchasing an additional 43,412 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in RLJ Lodging Trust by 5.2% in the 2nd 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 purchasing an additional 142,207 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in RLJ Lodging Trust by 1.5% in the 2nd 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 purchasing an additional 42,928 shares during the last quarter. Institutional investors and hedge funds own 98.52% of the company’s stock.
Shares of NYSE RLJ traded down $0.28 during trading on Friday, hitting $22.11. 1,492,600 shares of the company were exchanged, compared to its average volume of 1,251,557. The firm has a market capitalization of $3.94 billion, a P/E ratio of 9.33, a PEG ratio of 1.98 and a beta of 1.12. 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 also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 28th will be given a $0.33 dividend. The ex-dividend date is Thursday, September 27th. This represents a $1.32 annualized dividend and a dividend yield of 5.97%. RLJ Lodging Trust’s dividend payout ratio is presently 55.00%.
RLJ Lodging Trust Company Profile
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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