Analysts expect RLJ Lodging Trust (NYSE:RLJ) to post earnings per share of $0.70 for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for RLJ Lodging Trust’s earnings, with the highest EPS estimate coming in at $0.72 and the lowest estimate coming in at $0.69. RLJ Lodging Trust posted earnings of $0.73 per share during the same quarter last year, which would indicate a negative year over year growth rate of 4.1%. The firm is scheduled to announce its next earnings report after the market closes on Tuesday, August 6th.
According to Zacks, analysts expect that RLJ Lodging Trust will report full-year earnings of $2.23 per share for the current financial year, with EPS estimates ranging from $2.18 to $2.32. For the next financial year, analysts expect that the business will report earnings of $2.24 per share, with EPS estimates ranging from $2.15 to $2.42. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow RLJ Lodging Trust.
RLJ Lodging Trust (NYSE:RLJ) last posted its quarterly earnings data on Wednesday, May 8th. The real estate investment trust reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.30). The company had revenue of $399.27 million for the quarter, compared to analyst estimates of $402.53 million. RLJ Lodging Trust had a net margin of 11.10% and a return on equity of 6.19%.
A number of research firms recently commented on RLJ. Zacks Investment Research raised Zurich Insurance Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 18th. Wells Fargo & Co reaffirmed a “buy” rating and set a $115.00 price objective on shares of Tractor Supply in a research note on Wednesday, May 15th. Finally, Capital One Financial began coverage on Summit Hotel Properties in a research note on Tuesday, June 25th. They set an “equal weight” rating and a $13.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $22.13.
In other RLJ Lodging Trust news, Director Forgia Robert M. La purchased 5,000 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were purchased at an average cost of $17.05 per share, with a total value of $85,250.00. Following the purchase, the director now owns 53,619 shares in the company, valued at $914,203.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.70% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of the business. Great West Life Assurance Co. Can boosted its stake in RLJ Lodging Trust by 0.8% in the 1st quarter. Great West Life Assurance Co. Can now owns 137,976 shares of the real estate investment trust’s stock worth $2,423,000 after buying an additional 1,058 shares during the last quarter. ClariVest Asset Management LLC boosted its stake in RLJ Lodging Trust by 3.2% in the 1st quarter. ClariVest Asset Management LLC now owns 38,500 shares of the real estate investment trust’s stock worth $677,000 after buying an additional 1,200 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in RLJ Lodging Trust by 5.4% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 32,220 shares of the real estate investment trust’s stock worth $566,000 after buying an additional 1,643 shares during the last quarter. Penserra Capital Management LLC acquired a new stake in RLJ Lodging Trust in the 1st quarter worth about $37,000. Finally, United Services Automobile Association boosted its stake in RLJ Lodging Trust by 4.0% in the 4th quarter. United Services Automobile Association now owns 61,886 shares of the real estate investment trust’s stock worth $1,015,000 after buying an additional 2,400 shares during the last quarter. 92.09% of the stock is currently owned by hedge funds and other institutional investors.
RLJ opened at $17.72 on Tuesday. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $3.08 billion, a price-to-earnings ratio of 7.77, a P/E/G ratio of 1.64 and a beta of 1.31. RLJ Lodging Trust has a 52 week low of $15.91 and a 52 week high of $23.31. The firm’s fifty day moving average is $17.81.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 7.45%. The ex-dividend date of this dividend is Thursday, June 27th. RLJ Lodging Trust’s payout ratio is 58.41%.
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 150 hotels with approximately 28,600 rooms, located in 25 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.
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