Analysts expect that RLJ Lodging Trust (NYSE:RLJ) will post earnings per share of $0.61 for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for RLJ Lodging Trust’s earnings, with the highest EPS estimate coming in at $0.63 and the lowest estimate coming in at $0.59. RLJ Lodging Trust reported earnings of $0.69 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 11.6%. The firm is scheduled to issue its next earnings results on Wednesday, November 1st.
According to Zacks, analysts expect that RLJ Lodging Trust will report full year earnings of $2.30 per share for the current year, with EPS estimates ranging from $2.26 to $2.33. For the next fiscal year, analysts forecast that the firm will report earnings of $2.35 per share, with EPS estimates ranging from $2.30 to $2.38. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for RLJ Lodging Trust.
RLJ Lodging Trust (NYSE:RLJ) last released its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.03. RLJ Lodging Trust had a return on equity of 8.16% and a net margin of 16.12%. The firm had revenue of $292.28 million for the quarter, compared to analysts’ expectations of $293.16 million. During the same quarter last year, the firm posted $0.82 EPS. The company’s revenue was down 7.8% compared to the same quarter last year.
RLJ has been the topic of several research analyst reports. Canaccord Genuity restated a “hold” rating and issued a $21.00 price objective on shares of RLJ Lodging Trust in a research report on Monday. Boenning Scattergood set a $20.00 price objective on RLJ Lodging Trust and gave the company a “sell” rating in a research report on Monday. Royal Bank Of Canada restated a “buy” rating and issued a $25.00 price objective on shares of RLJ Lodging Trust in a research report on Friday, August 4th. Zacks Investment Research downgraded RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, BidaskClub downgraded RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Four analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $24.71.
Large investors have recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. increased its stake in RLJ Lodging Trust by 385.1% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 4,657 shares of the real estate investment trust’s stock worth $109,000 after buying an additional 3,697 shares in the last quarter. James Investment Research Inc. purchased a new stake in RLJ Lodging Trust during the first quarter worth approximately $144,000. SG Americas Securities LLC increased its stake in RLJ Lodging Trust by 8.0% in the first quarter. SG Americas Securities LLC now owns 8,332 shares of the real estate investment trust’s stock worth $196,000 after buying an additional 615 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in RLJ Lodging Trust by 41.4% in the first quarter. Daiwa Securities Group Inc. now owns 9,900 shares of the real estate investment trust’s stock worth $233,000 after buying an additional 2,900 shares in the last quarter. Finally, Paragon Capital Management Ltd purchased a new stake in RLJ Lodging Trust during the second quarter worth approximately $208,000. Institutional investors own 99.94% of the company’s stock.
RLJ Lodging Trust (NYSE RLJ) traded up 0.10% during mid-day trading on Thursday, hitting $19.85. The company’s stock had a trading volume of 2,081,112 shares. RLJ Lodging Trust has a 52-week low of $18.92 and a 52-week high of $25.10. The stock has a market cap of $2.46 billion, a P/E ratio of 13.69 and a beta of 1.16. The company’s 50 day moving average is $20.44 and its 200-day moving average is $21.83.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were given a $0.33 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $1.32 annualized dividend and a dividend yield of 6.65%. RLJ Lodging Trust’s payout ratio is 91.03%.
RLJ Lodging Trust Company Profile
RLJ Lodging Trust is a self-administered real estate investment trust. The Company is engaged in the acquisition of focused-service and compact full-service hotels. As of December 31, 2016, the Company owned 122 hotels with approximately 20,100 rooms, located in 21 states and the District of Columbia, and an interest in one mortgage loan secured by a hotel.
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