Wall Street analysts expect RLJ Lodging Trust (NYSE:RLJ) to announce sales of $454.31 million for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for RLJ Lodging Trust’s earnings, with the lowest sales estimate coming in at $449.14 million and the highest estimate coming in at $460.02 million. RLJ Lodging Trust reported sales of $484.69 million in the same quarter last year, which indicates a negative year-over-year growth rate of 6.3%. The firm is scheduled to announce its next earnings results on Tuesday, August 6th.
On average, analysts expect that RLJ Lodging Trust will report full year sales of $1.68 billion for the current fiscal year, with estimates ranging from $1.67 billion to $1.69 billion. For the next financial year, analysts anticipate that the company will post sales of $1.71 billion, with estimates ranging from $1.68 billion to $1.72 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for RLJ Lodging Trust.
RLJ Lodging Trust (NYSE:RLJ) last announced its quarterly earnings data on Wednesday, May 8th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.30). The business had revenue of $399.27 million during the quarter, compared to analyst estimates of $402.53 million. RLJ Lodging Trust had a net margin of 11.10% and a return on equity of 6.19%.
A number of brokerages recently issued reports on RLJ. Capital One Financial began coverage on shares of RLJ Lodging Trust in a research note on Tuesday. They issued an “equal weight” rating and a $21.00 price target for the company. Zacks Investment Research downgraded shares of RLJ Lodging Trust from a “buy” rating to a “hold” rating in a research note on Saturday, May 18th. Finally, Wells Fargo & Co upgraded shares of RLJ Lodging Trust from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $18.00 to $20.00 in a research note on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. RLJ Lodging Trust has an average rating of “Hold” and a consensus target price of $22.13.
RLJ Lodging Trust stock traded down $0.19 during trading on Tuesday, reaching $17.38. The stock had a trading volume of 1,927,153 shares, compared to its average volume of 1,385,094. RLJ Lodging Trust has a 52-week low of $15.91 and a 52-week high of $23.31. The firm has a 50 day moving average of $18.08. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.09 and a current ratio of 2.09. The stock has a market capitalization of $3.10 billion, a PE ratio of 7.69, a PEG ratio of 1.63 and a beta of 1.33.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.32 dividend on an annualized basis and a yield of 7.59%. RLJ Lodging Trust’s dividend payout ratio is currently 58.41%.
In other news, Director Forgia Robert M. La purchased 5,000 shares of the firm’s stock in a transaction that occurred 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 purchase, the director now directly owns 53,619 shares of the company’s stock, valued at $914,203.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.70% of the stock is owned by insiders.
A number of institutional investors have recently modified their holdings of the stock. Karp Capital Management Corp purchased a new stake in shares of RLJ Lodging Trust during the 4th quarter worth approximately $28,000. Penserra Capital Management LLC purchased a new stake in shares of RLJ Lodging Trust during the 1st quarter worth approximately $37,000. Bessemer Group Inc. purchased a new stake in shares of RLJ Lodging Trust during the 4th quarter worth approximately $48,000. Nisa Investment Advisors LLC lifted its position in shares of RLJ Lodging Trust by 632.3% during the 1st 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 last quarter. Finally, M&T Bank Corp purchased a new stake in shares of RLJ Lodging Trust during the 4th quarter worth approximately $175,000. Institutional investors own 92.09% of the company’s stock.
RLJ Lodging Trust Company Profile
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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