RLJ Lodging Trust (NYSE:RLJ) Declares $0.15 Quarterly Dividend

RLJ Lodging Trust (NYSE:RLJ) announced a quarterly dividend on Tuesday, September 15th. Shareholders of record on Wednesday, September 30th will be given a dividend of 0.15 per share by the real estate investment trust on Thursday, October 15th. This represents a c) annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend is Wednesday, September 30th.

RLJ Lodging Trust has raised its dividend payment by an average of 0.7%per year over the last three years and has raised its dividend every year for the last 3 years. RLJ Lodging Trust has a dividend payout ratio of 600.0% indicating that 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 $1.33 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 45.1%.

RLJ Lodging Trust Price Performance

Shares of NYSE RLJ opened at $10.96 on Wednesday. The firm’s 50-day moving average price is $11.50 and its 200-day moving average price is $9.93. RLJ Lodging Trust has a 1-year low of $6.54 and a 1-year high of $12.89. The firm has a market capitalization of $1.67 billion, a P/E ratio of 7.58 and a beta of 1.08. The company has a current ratio of 5.71, a quick ratio of 5.71 and a debt-to-equity ratio of 1.50.

RLJ Lodging Trust (NYSE:RLJ) last released its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.37. RLJ Lodging Trust had a net margin of 2.00% and a return on equity of 1.52%. The company had revenue of $382.99 million for the quarter, compared to analysts’ expectations of $370.49 million. During the same quarter in the prior year, the firm earned $0.48 EPS. The business’s revenue was up 5.5% on a year-over-year basis. RLJ Lodging Trust has set its FY 2026 guidance at 1.370-1.500 EPS. Equities research analysts anticipate that RLJ Lodging Trust will post 1.33 earnings per share for the current fiscal year.

About RLJ Lodging Trust

RLJ Lodging Trust is a self-managed real estate investment trust that owns and operates a portfolio of premium-branded, focused-service and compact full-service hotels in the United States. Its properties are generally located in urban and high-barrier-to-entry suburban markets, with an emphasis on business, leisure and other demand-generating locations.

The company’s hotels operate under well-known brands, including offerings affiliated with Marriott International, Hilton Worldwide, Hyatt Hotels and InterContinental Hotels Group.