RLJ Lodging Trust (RLJ) Expected to Announce Earnings of $0.51 Per Share

Wall Street analysts expect RLJ Lodging Trust (NYSE:RLJ) to report earnings per share (EPS) of $0.51 for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for RLJ Lodging Trust’s earnings, with estimates ranging from $0.46 to $0.57. RLJ Lodging Trust posted earnings per share of $0.60 in the same quarter last year, which would indicate a negative year over year growth rate of 15%. The company is scheduled to report its next earnings results after the market closes on Tuesday, February 27th.

On average, analysts expect that RLJ Lodging Trust will report full-year earnings of $2.35 per share for the current year, with EPS estimates ranging from $2.31 to $2.40. For the next financial year, analysts forecast that the firm will report earnings of $2.47 per share, with EPS estimates ranging from $2.41 to $2.52. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for 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 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.02. RLJ Lodging Trust had a net margin of 12.30% and a return on equity of 5.80%. The company had revenue of $341.26 million for the quarter, compared to analysts’ expectations of $347.74 million. During the same period last year, the company earned $0.69 EPS. The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year.

Several research firms have issued reports on RLJ. ValuEngine raised shares of RLJ Lodging Trust from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Robert W. Baird reissued a “hold” rating on shares of RLJ Lodging Trust in a research report on Thursday, December 21st. TheStreet cut shares of RLJ Lodging Trust from a “b-” rating to a “c+” rating in a research report on Wednesday, November 8th. KeyCorp raised shares of 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, December 19th. Finally, Zacks Investment Research cut shares of RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. Three analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. RLJ Lodging Trust currently has a consensus rating of “Hold” and an average target price of $23.36.

Shares of RLJ Lodging Trust (NYSE:RLJ) opened at $21.19 on Thursday. RLJ Lodging Trust has a 12 month low of $19.12 and a 12 month high of $23.98. The stock has a market cap of $3,748.32, a PE ratio of 18.75, a price-to-earnings-growth ratio of 1.79 and a beta of 1.10. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.90.

The firm also recently declared a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 29th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 6.23%. This is a boost from RLJ Lodging Trust’s previous quarterly dividend of $0.22. The ex-dividend date was Thursday, December 28th. RLJ Lodging Trust’s payout ratio is 116.82%.

Hedge funds have recently made changes to their positions in the business. Allianz Asset Management GmbH lifted its position in RLJ Lodging Trust by 111.2% during the third quarter. Allianz Asset Management GmbH now owns 628,717 shares of the real estate investment trust’s stock valued at $13,833,000 after buying an additional 330,962 shares in the last quarter. State Street Corp raised its stake in shares of RLJ Lodging Trust by 2.4% during the second quarter. State Street Corp now owns 4,831,260 shares of the real estate investment trust’s stock valued at $96,267,000 after purchasing an additional 111,681 shares during the period. Palisade Capital Management LLC NJ raised its stake in shares of RLJ Lodging Trust by 17.1% during the third quarter. Palisade Capital Management LLC NJ now owns 668,960 shares of the real estate investment trust’s stock valued at $14,717,000 after purchasing an additional 97,793 shares during the period. American International Group Inc. raised its stake in shares of RLJ Lodging Trust by 49.1% during the third quarter. American International Group Inc. now owns 113,796 shares of the real estate investment trust’s stock valued at $2,504,000 after purchasing an additional 37,459 shares during the period. Finally, Cedar Capital LLC purchased a new stake in shares of RLJ Lodging Trust during the third quarter valued at approximately $2,794,000. 95.28% of the stock is currently owned by hedge funds and other institutional investors.

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RLJ Lodging Trust Company Profile

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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