RLJ Lodging Trust (NYSE:RLJ) Announces Quarterly Dividend of $0.15

RLJ Lodging Trust (NYSE:RLJ) declared a quarterly dividend on Monday, June 15th. Investors of record on Tuesday, June 30th will be paid a dividend of 0.15 per share by the real estate investment trust on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 5.4%. The ex-dividend date is Tuesday, June 30th.

RLJ Lodging Trust has increased its dividend by an average of 0.7%per year over the last three years and has increased its dividend annually for the last 3 consecutive years. RLJ Lodging Trust has a payout ratio of 600.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect RLJ Lodging Trust to earn $1.26 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 47.6%.

RLJ Lodging Trust Stock Up 0.3%

NYSE RLJ traded up $0.04 during trading hours on Monday, reaching $11.06. 1,348,214 shares of the company’s stock traded hands, compared to its average volume of 2,129,988. RLJ Lodging Trust has a 52-week low of $6.54 and a 52-week high of $11.16. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.89 and a quick ratio of 2.89. The firm has a 50-day simple moving average of $8.94 and a 200 day simple moving average of $8.15. The firm has a market cap of $1.68 billion, a PE ratio of -1,105.50 and a beta of 1.13.

RLJ Lodging Trust (NYSE:RLJ) last announced its quarterly earnings data on Monday, May 4th. The real estate investment trust reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.02. RLJ Lodging Trust had a net margin of 1.84% and a return on equity of 1.37%. The business had revenue of $339.98 million for the quarter, compared to analysts’ expectations of $323.51 million. During the same quarter in the prior year, the company earned $0.31 earnings per share. The business’s revenue was up 3.6% compared to the same quarter last year. Sell-side analysts anticipate that RLJ Lodging Trust will post 1.26 EPS for the current fiscal year.

RLJ Lodging Trust Company Profile

RLJ Lodging Trust is a self-managed, publicly traded real estate investment trust (REIT) that acquires, owns and operates premium-branded, focused-service and compact full-service hotels. The company’s portfolio is concentrated in major U.S. markets, targeting properties that benefit from strong corporate and leisure demand, limited new supply and established brand affiliations.

The trust’s hotels are affiliated with leading global lodging brands across the spectrum of service levels, including lifestyle and upscale segments.