Wall Street brokerages predict that RLJ Lodging Trust (NYSE:RLJ) will announce sales of $454.06 million for the current quarter, according to Zacks Investment Research. Eight analysts have issued estimates for RLJ Lodging Trust’s earnings, with estimates ranging from $448.45 million to $460.02 million. RLJ Lodging Trust reported sales of $484.69 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 6.3%. The business is expected to report its next quarterly earnings results after the market closes on Tuesday, August 6th.
According to Zacks, analysts expect that RLJ Lodging Trust will report full year sales of $1.67 billion for the current fiscal year, with estimates ranging from $1.65 billion to $1.69 billion. For the next fiscal year, analysts expect that the company will post sales of $1.68 billion, with estimates ranging from $1.61 billion to $1.72 billion. Zacks’ sales averages are an average based on a survey of research firms that cover RLJ Lodging Trust.
RLJ Lodging Trust (NYSE:RLJ) last issued its quarterly earnings data on Wednesday, May 8th. The real estate investment trust reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.30). The firm had revenue of $399.27 million for the quarter, compared to analyst estimates of $402.53 million. RLJ Lodging Trust had a return on equity of 6.19% and a net margin of 11.10%.
A number of equities research analysts have recently commented on RLJ shares. Capital One Financial began coverage on shares of Summit Hotel Properties in a research note on Tuesday, June 25th. They set an “equal weight” rating and a $13.00 price objective on the stock. Zacks Investment Research raised shares of Zurich Insurance Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 18th. Finally, Wells Fargo & Co reissued a “buy” rating and issued a $115.00 price target on shares of Tractor Supply in a research note on Wednesday, May 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $22.13.
Shares of NYSE RLJ opened at $17.72 on Thursday. The firm has a market cap of $3.08 billion, a PE ratio of 7.77, a price-to-earnings-growth ratio of 1.64 and a beta of 1.31. RLJ Lodging Trust has a 12 month low of $15.91 and a 12 month high of $23.31. The stock’s 50 day moving average price is $17.81. 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 business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.32 dividend on an annualized basis and a yield of 7.45%. RLJ Lodging Trust’s dividend payout ratio is currently 58.41%.
In related news, Director Forgia Robert M. La purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were purchased at an average price of $17.05 per share, with a total value of $85,250.00. Following the purchase, the director now owns 53,619 shares of the company’s stock, valued at $914,203.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.70% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC increased its position in shares of RLJ Lodging Trust by 177.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 25,184 shares of the real estate investment trust’s stock worth $447,000 after purchasing an additional 16,104 shares during the last quarter. Naples Global Advisors LLC increased its position in shares of RLJ Lodging Trust by 60.6% during the 2nd quarter. Naples Global Advisors LLC now owns 20,595 shares of the real estate investment trust’s stock worth $365,000 after purchasing an additional 7,775 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in shares of RLJ Lodging Trust during the 2nd quarter worth about $209,000. Eii Capital Management Inc. increased its position in shares of RLJ Lodging Trust by 15.0% during the 2nd quarter. Eii Capital Management Inc. now owns 21,867 shares of the real estate investment trust’s stock worth $388,000 after purchasing an additional 2,852 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. increased its position in shares of RLJ Lodging Trust by 125.8% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 204,215 shares of the real estate investment trust’s stock worth $3,589,000 after purchasing an additional 113,786 shares during the last quarter. 92.09% of the stock is currently owned by hedge funds and other institutional investors.
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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