RLJ Lodging Trust (NYSE:RLJ) Releases FY19 Earnings Guidance
RLJ Lodging Trust (NYSE:RLJ) issued an update on its FY19 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.98-2.10 for the period, compared to the Thomson Reuters consensus estimate of $2.02.
Shares of NYSE RLJ traded down $0.12 during mid-day trading on Friday, hitting $16.93. The company had a trading volume of 764,688 shares, compared to its average volume of 1,312,564. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 7.49, a PEG ratio of 1.79 and a beta of 1.28. RLJ Lodging Trust has a 12 month low of $15.65 and a 12 month high of $20.59. The company has a debt-to-equity ratio of 0.78, a current ratio of 4.34 and a quick ratio of 4.34. The firm’s 50 day simple moving average is $16.84 and its two-hundred day simple moving average is $17.33.
RLJ Lodging Trust (NYSE:RLJ) last posted its earnings results on Thursday, November 7th. The real estate investment trust reported $0.15 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.29). RLJ Lodging Trust had a net margin of 9.55% and a return on equity of 5.29%. The business had revenue of $371.12 million during the quarter, compared to analyst estimates of $371.81 million. During the same quarter in the prior year, the business earned $0.58 earnings per share. The firm’s revenue was down 17.0% compared to the same quarter last year. Equities analysts forecast that RLJ Lodging Trust will post 1.96 earnings per share for the current year.
RLJ has been the topic of several analyst reports. Barclays set a $20.00 target price on RLJ Lodging Trust and gave the company a buy rating in a research report on Monday, August 12th. ValuEngine cut RLJ Lodging Trust from a buy rating to a hold rating in a research report on Wednesday, October 2nd. Zacks Investment Research cut RLJ Lodging Trust from a hold rating to a sell rating in a research report on Wednesday, October 23rd. SunTrust Banks cut RLJ Lodging Trust from a hold rating to a sell rating in a research report on Tuesday, July 16th. Finally, Royal Bank of Canada set a $20.00 target price on RLJ Lodging Trust and gave the company a buy rating in a research report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $20.63.
In other news, Director Patricia L. Gibson purchased 10,000 shares of the stock in a transaction dated Tuesday, August 13th. The shares were bought at an average cost of $16.37 per share, for a total transaction of $163,700.00. Following the transaction, the director now owns 38,508 shares in the company, valued at $630,375.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Forgia Robert M. La purchased 5,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were purchased at an average price of $15.70 per share, for a total transaction of $78,500.00. The disclosure for this purchase can be found here. 1.70% of the stock is currently owned by company insiders.
About RLJ Lodging Trust
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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