RLJ Lodging Trust (NYSE:RLJ) released its earnings results on Tuesday, February 27th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.08, Bloomberg Earnings reports. RLJ Lodging Trust had a return on equity of 2.77% and a net margin of 5.52%. The firm had revenue of $462.49 million for the quarter, compared to analyst estimates of $442.14 million.
Shares of RLJ Lodging Trust (NYSE RLJ) traded up $0.09 during trading on Wednesday, hitting $20.44. The stock had a trading volume of 1,525,129 shares, compared to its average volume of 1,338,761. The company has a market capitalization of $3,580.00, a price-to-earnings ratio of 30.97, a price-to-earnings-growth ratio of 1.67 and a beta of 1.20. RLJ Lodging Trust has a 12 month low of $19.07 and a 12 month 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.
RLJ has been the subject of several research analyst reports. ValuEngine upgraded RLJ Lodging Trust from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research cut RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, December 6th. KeyCorp raised RLJ Lodging Trust from a “sector weight” rating to an “overweight” rating and set a $25.00 target price for the company in a research note on Tuesday, December 19th. Robert W. Baird reissued a “hold” rating on shares of RLJ Lodging Trust in a research note on Thursday, December 21st. Finally, Deutsche Bank lifted their price objective on RLJ Lodging Trust from $22.00 to $23.00 and gave the stock a “hold” rating in a research note on Friday, February 9th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $23.27.
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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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