RLJ Lodging Trust (RLJ) Set to Announce Quarterly Earnings on Wednesday

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RLJ Lodging Trust (NYSE:RLJ) will be posting its quarterly earnings results after the market closes on Wednesday, August 7th. Analysts expect RLJ Lodging Trust to post earnings of $0.68 per share for the quarter. RLJ Lodging Trust has set its FY19 guidance at $2.18-2.30 EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

RLJ Lodging Trust (NYSE:RLJ) last posted its earnings results on Wednesday, May 8th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.30). RLJ Lodging Trust had a net margin of 11.10% and a return on equity of 6.19%. The firm had revenue of $399.27 million during the quarter, compared to the consensus estimate of $402.53 million. On average, analysts expect RLJ Lodging Trust to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

NYSE:RLJ opened at $16.46 on Tuesday. RLJ Lodging Trust has a 1 year low of $15.91 and a 1 year high of $23.31. The firm has a 50 day moving average price of $17.56. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $2.93 billion, a PE ratio of 7.28, a P/E/G ratio of 1.59 and a beta of 1.30.

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.02%. The ex-dividend date of this dividend was Thursday, June 27th. RLJ Lodging Trust’s dividend payout ratio (DPR) is currently 58.41%.

In related news, Director Forgia Robert M. La acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was purchased at an average price of $17.05 per share, for a total transaction of $85,250.00. Following the transaction, the director now directly owns 53,619 shares of the company’s stock, valued at approximately $914,203.95. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.70% of the company’s stock.

A number of research analysts have recently issued reports on the stock. SunTrust Banks cut shares of RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, July 16th. Capital One Financial assumed coverage on shares of RLJ Lodging Trust in a research note on Tuesday, June 25th. They issued an “equal weight” rating and a $21.00 target price for the company. Zacks Investment Research cut shares of RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, July 16th. Finally, Wells Fargo & Co upgraded shares of RLJ Lodging Trust from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $18.00 to $20.00 in a research report on Wednesday, May 15th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $22.13.

RLJ Lodging Trust Company Profile

RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust that owns primarily premium-branded, high-margin, focused-service and compact full-service hotels. The Company's portfolio consists of 150 hotels with approximately 28,600 rooms, located in 25 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.

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Earnings History for RLJ Lodging Trust (NYSE:RLJ)

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