Analysts predict that RLJ Lodging Trust (NYSE:RLJ) will post earnings of $0.70 per share for the current quarter, according to Zacks Investment Research. Eight analysts have made estimates for RLJ Lodging Trust’s earnings, with estimates ranging from $0.69 to $0.72. RLJ Lodging Trust posted earnings of $0.73 per share during the same quarter last year, which would suggest a negative year over year growth rate of 4.1%. The firm is expected to report its next quarterly earnings results after the market closes on Tuesday, August 6th.
On average, analysts expect that RLJ Lodging Trust will report full-year earnings of $2.23 per share for the current financial year, with EPS estimates ranging from $2.18 to $2.32. For the next financial year, analysts forecast that the company will report earnings of $2.24 per share, with EPS estimates ranging from $2.15 to $2.42. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that follow 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 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.30). RLJ Lodging Trust had a net margin of 11.10% and a return on equity of 6.19%. The company had revenue of $399.27 million during the quarter, compared to the consensus estimate of $402.53 million.
Several equities research analysts have recently weighed in on the company. Capital One Financial assumed coverage on Summit Hotel Properties in a research note on Tuesday, June 25th. They issued an “equal weight” rating and a $13.00 price objective on the stock. Wells Fargo & Co reiterated a “buy” rating and issued a $115.00 price objective on shares of Tractor Supply in a research note on Wednesday, May 15th. Finally, Zacks Investment Research upgraded Zurich Insurance Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 18th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $22.13.
In other RLJ Lodging Trust 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 shares were acquired at an average cost of $17.05 per share, for a total transaction of $85,250.00. Following the transaction, the director now directly owns 53,619 shares in the company, valued at $914,203.95. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.70% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RLJ. Great West Life Assurance Co. Can lifted its holdings in RLJ Lodging Trust by 0.8% during the 1st quarter. Great West Life Assurance Co. Can now owns 137,976 shares of the real estate investment trust’s stock worth $2,423,000 after buying an additional 1,058 shares in the last quarter. ClariVest Asset Management LLC lifted its holdings in RLJ Lodging Trust by 3.2% during the 1st quarter. ClariVest Asset Management LLC now owns 38,500 shares of the real estate investment trust’s stock worth $677,000 after buying an additional 1,200 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in RLJ Lodging Trust by 5.4% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 32,220 shares of the real estate investment trust’s stock worth $566,000 after buying an additional 1,643 shares in the last quarter. Penserra Capital Management LLC acquired a new position in RLJ Lodging Trust during the 1st quarter worth $37,000. Finally, United Services Automobile Association lifted its holdings in RLJ Lodging Trust by 4.0% during the 4th quarter. United Services Automobile Association now owns 61,886 shares of the real estate investment trust’s stock worth $1,015,000 after buying an additional 2,400 shares in the last quarter. Institutional investors and hedge funds own 92.09% of the company’s stock.
RLJ stock opened at $17.72 on Tuesday. RLJ Lodging Trust has a 1-year low of $15.91 and a 1-year high of $23.31. The company has a market cap of $3.08 billion, a price-to-earnings ratio of 7.77, a P/E/G ratio of 1.64 and a beta of 1.31. The firm has a 50 day moving average of $17.81. 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 firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a dividend of $0.33 per share. The ex-dividend date is Thursday, June 27th. This represents a $1.32 dividend on an annualized basis and a yield of 7.45%. RLJ Lodging Trust’s dividend payout ratio (DPR) is presently 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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