RLJ Lodging Trust (NYSE:RLJ) issued its earnings results on Tuesday. The real estate investment trust reported $0.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.08, Bloomberg Earnings reports. RLJ Lodging Trust had a net margin of 12.30% and a return on equity of 5.80%.
Shares of RLJ Lodging Trust (NYSE RLJ) traded down $0.26 on Thursday, reaching $19.55. 1,068,074 shares of the company traded hands, compared to its average volume of 1,336,170. RLJ Lodging Trust has a fifty-two week low of $19.12 and a fifty-two week high of $23.98. The firm has a market capitalization of $3,529.68, a PE ratio of 17.31, a price-to-earnings-growth ratio of 1.69 and a beta of 1.10. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.06 and a quick ratio of 2.06.
Several brokerages have commented on RLJ. Boenning Scattergood set a $20.00 target price on shares of RLJ Lodging Trust and gave the company a “sell” rating in a research note on Thursday. Zacks Investment Research cut shares of RLJ Lodging Trust from a “hold” rating to a “sell” rating in a report on Wednesday, December 6th. ValuEngine cut shares of RLJ Lodging Trust from a “buy” rating to a “hold” rating in a report on Wednesday. TheStreet cut shares of RLJ Lodging Trust from a “b-” rating to a “c+” rating in a report on Wednesday, November 8th. Finally, Deutsche Bank upped their price target on shares of RLJ Lodging Trust from $22.00 to $23.00 and gave the company a “hold” rating in a report on Friday, February 9th. Three analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $23.36.
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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