RLJ Lodging Trust (RLJ) To Go Ex-Dividend on March 31st

RLJ Lodging Trust (NYSE:RLJ) declared a quarterly dividend on Friday, March 13th. Investors of record on Tuesday, March 31st will be paid a dividend of 0.15 per share by the real estate investment trust on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 8.1%. The ex-dividend date is Tuesday, March 31st.

RLJ Lodging Trust has raised its dividend by an average of 0.7%per year over the last three years and has increased its dividend every year for the last 3 years. RLJ Lodging Trust has a dividend 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. Equities research analysts expect RLJ Lodging Trust to earn $1.42 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 42.3%.

RLJ Lodging Trust Stock Performance

NYSE RLJ opened at $7.43 on Friday. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. RLJ Lodging Trust has a 1-year low of $6.16 and a 1-year high of $9.04. The business has a 50 day simple moving average of $7.84 and a two-hundred day simple moving average of $7.54. The stock has a market capitalization of $1.13 billion, a PE ratio of 371.65 and a beta of 1.07.

RLJ Lodging Trust (NYSE:RLJ) last issued its quarterly earnings data on Thursday, February 26th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.04. The business had revenue of $328.59 million for the quarter, compared to analysts’ expectations of $317.95 million. RLJ Lodging Trust had a return on equity of 1.54% and a net margin of 2.11%.The company’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.33 EPS. RLJ Lodging Trust has set its FY 2026 guidance at 1.210-1.410 EPS. On average, research analysts predict that RLJ Lodging Trust will post 1.37 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on RLJ. Weiss Ratings reaffirmed a “sell (d)” rating on shares of RLJ Lodging Trust in a research note on Monday, December 29th. Barclays assumed coverage on shares of RLJ Lodging Trust in a research note on Tuesday, January 6th. They issued an “underweight” rating and a $6.00 price objective for the company. Finally, Zacks Research upgraded shares of RLJ Lodging Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, RLJ Lodging Trust presently has an average rating of “Hold” and a consensus price target of $8.64.

About RLJ Lodging Trust

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.