Wall Street brokerages expect RLJ Lodging Trust (NYSE:RLJ) to post $0.53 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Seven analysts have issued estimates for RLJ Lodging Trust’s earnings. The lowest EPS estimate is $0.50 and the highest is $0.61. RLJ Lodging Trust posted earnings per share of $0.61 in the same quarter last year, which would indicate a negative year-over-year growth rate of 13.1%. The company is scheduled to announce its next earnings results on Wednesday, February 28th.
On average, analysts expect that RLJ Lodging Trust will report full-year earnings of $2.36 per share for the current financial year, with EPS estimates ranging from $2.31 to $2.46. For the next fiscal year, analysts anticipate that the company will post earnings of $2.49 per share, with EPS estimates ranging from $2.43 to $2.62. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover RLJ Lodging Trust.
RLJ Lodging Trust (NYSE:RLJ) last released its quarterly earnings results on Wednesday, November 8th. The real estate investment trust reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.02. RLJ Lodging Trust had a return on equity of 5.80% and a net margin of 12.30%. The firm had revenue of $341.26 million for the quarter, compared to analyst estimates of $347.74 million. During the same quarter in the previous year, the company posted $0.69 EPS. The business’s revenue was up 15.2% on a year-over-year basis.
A number of equities research analysts have commented on the company. Robert W. Baird reiterated a “hold” rating on shares of RLJ Lodging Trust in a research report on Thursday. KeyCorp upgraded RLJ Lodging Trust from a “sector weight” rating to an “overweight” rating and set a $25.00 target price on the stock in a research report on Tuesday. Zacks Investment Research lowered RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, December 6th. ValuEngine upgraded RLJ Lodging Trust from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, TheStreet lowered RLJ Lodging Trust from a “b-” rating to a “c+” rating in a research report on Wednesday, November 8th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. RLJ Lodging Trust currently has a consensus rating of “Hold” and a consensus price target of $23.36.
Hedge funds have recently bought and sold shares of the stock. Ffcm LLC raised its stake in RLJ Lodging Trust by 1,105.3% during the 3rd quarter. Ffcm LLC now owns 5,496 shares of the real estate investment trust’s stock worth $121,000 after buying an additional 5,040 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in RLJ Lodging Trust during the 3rd quarter worth approximately $225,000. Cornerstone Capital Management Holdings LLC. acquired a new position in RLJ Lodging Trust during the 2nd quarter worth approximately $214,000. Denver Investment Advisors LLC raised its stake in RLJ Lodging Trust by 0.9% during the 2nd quarter. Denver Investment Advisors LLC now owns 11,000 shares of the real estate investment trust’s stock worth $219,000 after buying an additional 100 shares during the period. Finally, Utah Retirement Systems raised its stake in RLJ Lodging Trust by 2.6% during the 2nd quarter. Utah Retirement Systems now owns 11,707 shares of the real estate investment trust’s stock worth $233,000 after buying an additional 300 shares during the period. 94.38% of the stock is currently owned by institutional investors and hedge funds.
RLJ Lodging Trust (RLJ) traded up $0.05 during midday trading on Tuesday, hitting $22.43. The company’s stock had a trading volume of 1,244,269 shares, compared to its average volume of 1,538,100. RLJ Lodging Trust has a 1 year low of $19.12 and a 1 year high of $25.01. The company has a market cap of $3,938.97, a price-to-earnings ratio of 19.85, a PEG ratio of 1.98 and a beta of 1.13. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.06 and a quick ratio of 2.06.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be given a dividend of $0.33 per share. This is a positive change from RLJ Lodging Trust’s previous quarterly dividend of $0.22. The ex-dividend date is Thursday, December 28th. This represents a $1.32 annualized dividend and a dividend yield of 5.88%. RLJ Lodging Trust’s dividend payout ratio is presently 38.94%.
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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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