Somewhat Favorable News Coverage Somewhat Unlikely to Impact RLJ Lodging Trust (NYSE:RLJ) Stock Price
Media headlines about RLJ Lodging Trust (NYSE:RLJ) have trended somewhat positive this week, Accern reports. Accern rates the sentiment of news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. RLJ Lodging Trust earned a news impact score of 0.19 on Accern’s scale. Accern also assigned news articles about the real estate investment trust an impact score of 46.2669597532027 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- RLJ Lodging Trust (NYSE:RLJ) Expected to Announce Quarterly Sales of $280.85 Million (americanbankingnews.com)
- IHS Markit Score downgrades RLJ Lodging Trust to 30 out of 100, ranking positively in two out of three available IHS Markit categories. (finance.yahoo.com)
- $0.61 EPS Expected for RLJ Lodging Trust (RLJ) This Quarter (americanbankingnews.com)
- RLJ: Soft business travel hurts Q2, but outlook is good (hotelnewsnow.com)
RLJ has been the subject of several analyst reports. Zacks Investment Research downgraded RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. BidaskClub downgraded RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Boenning Scattergood reiterated an “underperform” rating and set a $21.00 price objective on shares of RLJ Lodging Trust in a research report on Tuesday, April 18th. ValuEngine upgraded RLJ Lodging Trust from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 20th. Finally, Janney Montgomery Scott reiterated a “buy” rating and set a $28.00 price objective (up from $26.00) on shares of RLJ Lodging Trust in a research report on Monday, June 5th. Four equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. RLJ Lodging Trust presently has an average rating of “Hold” and a consensus price target of $24.71.
Shares of RLJ Lodging Trust (NYSE RLJ) traded up 0.20% during midday trading on Friday, reaching $19.89. The company had a trading volume of 2,326,529 shares. The firm’s 50 day moving average price is $20.39 and its 200-day moving average price is $21.79. RLJ Lodging Trust has a 12 month low of $18.92 and a 12 month high of $25.10. The company has a market capitalization of $2.46 billion, a P/E ratio of 13.72 and a beta of 1.16.
RLJ Lodging Trust (NYSE:RLJ) last released its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.03. RLJ Lodging Trust had a net margin of 16.12% and a return on equity of 8.16%. The business had revenue of $292.28 million for the quarter, compared to analysts’ expectations of $293.16 million. During the same period in the prior year, the firm earned $0.82 earnings per share. RLJ Lodging Trust’s revenue was down 7.8% compared to the same quarter last year. Analysts anticipate that RLJ Lodging Trust will post $1.03 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were paid a dividend of $0.33 per share. The ex-dividend date was Wednesday, June 28th. This represents a $1.32 annualized dividend and a dividend yield of 6.64%. RLJ Lodging Trust’s dividend payout ratio (DPR) is currently 91.03%.
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About RLJ Lodging Trust
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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