Wall Street analysts forecast that RLJ Lodging Trust (NYSE:RLJ) will report $0.55 earnings per share (EPS) for the current quarter, Zacks reports. Six analysts have made estimates for RLJ Lodging Trust’s earnings. The lowest EPS estimate is $0.49 and the highest is $0.62. RLJ Lodging Trust posted earnings of $0.61 per share in the same quarter last year, which would suggest a negative year over year growth rate of 9.8%. The business is scheduled to announce its next quarterly earnings results on Wednesday, February 28th.
According to Zacks, analysts expect that RLJ Lodging Trust will report full-year earnings of $2.39 per share for the current financial year, with EPS estimates ranging from $2.31 to $2.50. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.53 per share, with EPS estimates ranging from $2.38 to $2.62. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover RLJ Lodging Trust.
RLJ Lodging Trust (NYSE:RLJ) last announced its quarterly earnings data on Wednesday, November 8th. The real estate investment trust reported $0.61 EPS for the quarter, beating the consensus estimate of $0.59 by $0.02. The firm had revenue of $341.26 million for the quarter, compared to analyst estimates of $347.74 million. RLJ Lodging Trust had a return on equity of 5.80% and a net margin of 12.30%. The company’s revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.69 EPS.
Several research firms have weighed in on RLJ. ValuEngine cut RLJ Lodging Trust from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Bank of America Corporation started coverage on RLJ Lodging Trust in a research note on Monday, August 14th. They issued a “neutral” rating and a $22.00 target price for the company. Canaccord Genuity upgraded RLJ Lodging Trust from a “hold” rating to a “buy” rating and raised their target price for the company from $21.00 to $23.00 in a research note on Friday, September 8th. Deutsche Bank AG started coverage on RLJ Lodging Trust in a research note on Tuesday, September 19th. They issued a “hold” rating and a $22.00 target price for the company. Finally, Wells Fargo & Company upgraded RLJ Lodging Trust from a “market perform” rating to an “outperform” rating and set a $23.00 target price for the company in a research note on Tuesday, September 5th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $24.00.
In related news, Director Nathaniel A. Davis sold 10,000 shares of RLJ Lodging Trust stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $20.11, for a total value of $201,100.00. Following the completion of the sale, the director now owns 72,928 shares of the company’s stock, valued at $1,466,582.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Forgia Robert M. La acquired 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was purchased at an average cost of $19.73 per share, with a total value of $98,650.00. Following the acquisition, the director now directly owns 37,528 shares of the company’s stock, valued at $740,427.44. The disclosure for this purchase can be found here. 2.30% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Ffcm LLC grew its holdings in shares of RLJ Lodging Trust by 1,105.3% in the third quarter. Ffcm LLC now owns 5,496 shares of the real estate investment trust’s stock worth $121,000 after acquiring an additional 5,040 shares during the period. Paragon Capital Management Ltd bought a new stake in shares of RLJ Lodging Trust in the second quarter worth $208,000. New York State Teachers Retirement System grew its holdings in shares of RLJ Lodging Trust by 0.9% in the first quarter. New York State Teachers Retirement System now owns 10,800 shares of the real estate investment trust’s stock worth $254,000 after acquiring an additional 100 shares during the period. Cornerstone Capital Management Holdings LLC. bought a new stake in shares of RLJ Lodging Trust in the second quarter worth $214,000. Finally, Denver Investment Advisors LLC grew its holdings in shares of RLJ Lodging Trust by 0.9% in the second quarter. Denver Investment Advisors LLC now owns 11,000 shares of the real estate investment trust’s stock worth $219,000 after acquiring an additional 100 shares during the period.
RLJ Lodging Trust (NYSE:RLJ) remained flat at $$21.17 on Monday. The company had a trading volume of 1,079,900 shares, compared to its average volume of 1,333,495. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.06 and a current ratio of 2.06. RLJ Lodging Trust has a one year low of $19.12 and a one year high of $25.10. The firm has a market capitalization of $2,638.60, a P/E ratio of 8.68, a price-to-earnings-growth ratio of 1.85 and a beta of 1.14.
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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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