Equities research analysts predict that RLJ Lodging Trust (NYSE:RLJ) will announce earnings of $0.70 per share for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for RLJ Lodging Trust’s earnings. The lowest EPS estimate is $0.69 and the highest is $0.72. RLJ Lodging Trust reported earnings per share of $0.73 in the same quarter last year, which suggests a negative year-over-year growth rate of 4.1%. The business is expected to announce its next quarterly earnings report after the market closes on Wednesday, August 7th.
On average, analysts expect that RLJ Lodging Trust will report full year earnings of $2.23 per share for the current year, with EPS estimates ranging from $2.18 to $2.32. For the next financial year, analysts anticipate that the firm will post earnings of $2.24 per share, with EPS estimates ranging from $2.15 to $2.42. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for RLJ Lodging Trust.
RLJ Lodging Trust (NYSE:RLJ) last released its quarterly earnings data on Wednesday, May 8th. The real estate investment trust reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.30). The company had revenue of $399.27 million for the quarter, compared to analysts’ expectations of $402.53 million. RLJ Lodging Trust had a return on equity of 6.19% and a net margin of 11.10%.
A number of research firms recently commented on RLJ. Wells Fargo & Co reissued a “buy” rating and set a $115.00 price objective on shares of Tractor Supply in a report on Wednesday, May 15th. Capital One Financial began coverage on shares of Summit Hotel Properties in a report on Tuesday, June 25th. They set an “equal weight” rating and a $13.00 price objective on the stock. SunTrust Banks boosted their price objective on shares of Brown & Brown to $40.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Zacks Investment Research downgraded shares of Cars.com from a “buy” rating to a “hold” rating in a report on Tuesday. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $22.13.
In other RLJ Lodging Trust news, Director Forgia Robert M. La bought 5,000 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was bought at an average price of $17.05 per share, for a total transaction of $85,250.00. Following the completion of the transaction, the director now owns 53,619 shares in the company, valued at approximately $914,203.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.70% of the company’s stock.
Several large investors have recently bought and sold shares of RLJ. Penserra Capital Management LLC purchased a new stake in RLJ Lodging Trust in the first quarter valued at approximately $37,000. Bessemer Group Inc. purchased a new stake in RLJ Lodging Trust during the fourth quarter worth approximately $48,000. Nisa Investment Advisors LLC grew its stake in RLJ Lodging Trust by 632.3% during the first quarter. Nisa Investment Advisors LLC now owns 9,080 shares of the real estate investment trust’s stock worth $160,000 after buying an additional 7,840 shares during the period. WINTON GROUP Ltd purchased a new stake in RLJ Lodging Trust during the second quarter worth approximately $209,000. Finally, Signition LP purchased a new stake in RLJ Lodging Trust during the first quarter worth approximately $218,000. 92.10% of the stock is owned by institutional investors and hedge funds.
RLJ stock traded down $0.23 during trading on Tuesday, reaching $17.49. 1,671,779 shares of the company were exchanged, compared to its average volume of 1,385,157. The stock has a market cap of $3.08 billion, a P/E ratio of 7.74, a P/E/G ratio of 1.64 and a beta of 1.31. RLJ Lodging Trust has a 52-week low of $15.91 and a 52-week high of $23.31. The firm’s 50 day moving average is $17.77. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.77.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 7.55%. The ex-dividend date of this dividend was Thursday, June 27th. RLJ Lodging Trust’s payout ratio is currently 58.41%.
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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