RLJ Lodging Trust (RLJ) Expected to Post Quarterly Sales of $425.96 Million

Brokerages forecast that RLJ Lodging Trust (NYSE:RLJ) will post $425.96 million in sales for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for RLJ Lodging Trust’s earnings, with the highest sales estimate coming in at $487.77 million and the lowest estimate coming in at $387.23 million. RLJ Lodging Trust reported sales of $260.23 million in the same quarter last year, which would suggest a positive year over year growth rate of 63.7%. The company is scheduled to report its next earnings results on Monday, May 14th.

According to Zacks, analysts expect that RLJ Lodging Trust will report full-year sales of $425.96 million for the current financial year, with estimates ranging from $1.77 billion to $1.86 billion. For the next fiscal year, analysts forecast that the business will report sales of $1.84 billion per share, with estimates ranging from $1.79 billion to $1.87 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover RLJ Lodging Trust.

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RLJ Lodging Trust (NYSE:RLJ) last released its earnings results on Tuesday, February 27th. The real estate investment trust reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 company had revenue of $462.49 million during the quarter, compared to analysts’ expectations of $442.14 million.

Several analysts have recently commented on RLJ shares. Zacks Investment Research upgraded shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, March 20th. Robert W. Baird reiterated a “hold” rating on shares of RLJ Lodging Trust in a report on Thursday, December 21st. KeyCorp upgraded shares of RLJ Lodging Trust from a “sector weight” rating to an “overweight” rating and set a $25.00 price target for the company in a report on Tuesday, December 19th. Deutsche Bank increased 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. Finally, ValuEngine downgraded shares of RLJ Lodging Trust from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $23.27.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Cohen & Steers Inc. purchased a new position in shares of RLJ Lodging Trust in the 3rd quarter valued at about $89,956,000. Daiwa Securities Group Inc. increased its holdings in RLJ Lodging Trust by 534.3% during the 4th quarter. Daiwa Securities Group Inc. now owns 3,715,579 shares of the real estate investment trust’s stock valued at $81,632,000 after acquiring an additional 3,129,810 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in RLJ Lodging Trust by 38.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,608,169 shares of the real estate investment trust’s stock valued at $57,381,000 after acquiring an additional 719,206 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in RLJ Lodging Trust by 6.4% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 2,461,887 shares of the real estate investment trust’s stock valued at $54,088,000 after acquiring an additional 147,153 shares in the last quarter. Finally, AEW Capital Management L P increased its holdings in RLJ Lodging Trust by 6.0% during the 4th quarter. AEW Capital Management L P now owns 2,394,212 shares of the real estate investment trust’s stock valued at $52,601,000 after acquiring an additional 135,150 shares in the last quarter.

Shares of RLJ stock traded down $0.11 during mid-day trading on Monday, hitting $19.99. The stock had a trading volume of 1,880,720 shares, compared to its average volume of 1,457,717. RLJ Lodging Trust has a fifty-two week low of $18.67 and a fifty-two week high of $23.98. The stock has a market capitalization of $3,514.43, a PE ratio of 8.33, a price-to-earnings-growth ratio of 1.69 and a beta of 1.15. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.06 and a current ratio of 3.06.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Thursday, March 29th will be issued a $0.33 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.60%. RLJ Lodging Trust’s dividend payout ratio is presently 55.00%.

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RLJ Lodging Trust Company Profile

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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