Analysts predict that RLJ Lodging Trust (NYSE:RLJ) will report earnings of $0.45 per share for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for RLJ Lodging Trust’s earnings, with the highest EPS estimate coming in at $0.50 and the lowest estimate coming in at $0.41. RLJ Lodging Trust reported earnings of $0.52 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 13.5%. The firm is expected to announce its next earnings report on Monday, May 14th.
According to Zacks, analysts expect that RLJ Lodging Trust will report full-year earnings of $2.42 per share for the current financial year, with EPS estimates ranging from $2.31 to $2.56. For the next financial year, analysts forecast that the company will report earnings of $2.44 per share, with EPS estimates ranging from $2.40 to $2.52. 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 Tuesday, February 27th. The real estate investment trust reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.08. RLJ Lodging Trust had a net margin of 5.52% and a return on equity of 2.77%. The business had revenue of $462.49 million during the quarter, compared to the consensus estimate of $442.14 million.
Shares of RLJ stock traded up $0.02 during mid-day trading on Monday, reaching $20.28. 1,869,154 shares of the company were exchanged, compared to its average volume of 1,527,891. RLJ Lodging Trust has a fifty-two week low of $18.67 and a fifty-two week high of $23.98. The company has a current ratio of 3.06, a quick ratio of 3.06 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $3,542.41, a P/E ratio of 8.45, a PEG ratio of 1.70 and a beta of 1.15.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 13th. Shareholders of record on Thursday, March 29th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 6.51%. The ex-dividend date was Wednesday, March 28th. RLJ Lodging Trust’s dividend payout ratio is presently 55.00%.
A number of hedge funds have recently bought and sold shares of the business. Xact Kapitalforvaltning AB bought a new stake in RLJ Lodging Trust in the fourth quarter valued at $352,000. MetLife Investment Advisors LLC bought a new stake in RLJ Lodging Trust in the fourth quarter valued at $1,706,000. Macquarie Group Ltd. lifted its stake in RLJ Lodging Trust by 347.3% in the fourth quarter. Macquarie Group Ltd. now owns 295,337 shares of the real estate investment trust’s stock valued at $5,777,000 after buying an additional 229,314 shares during the last quarter. Vident Investment Advisory LLC lifted its stake in RLJ Lodging Trust by 5.8% in the fourth quarter. Vident Investment Advisory LLC now owns 117,519 shares of the real estate investment trust’s stock valued at $2,582,000 after buying an additional 6,488 shares during the last quarter. Finally, Zeke Capital Advisors LLC bought a new stake in RLJ Lodging Trust in the fourth quarter valued at $247,000.
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About RLJ Lodging Trust
RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust focused on acquiring premium-branded, focused-service and compact full-service hotels. The Company's portfolio consists of 156 hotels with approximately 30,570 rooms, located in 26 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.
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