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.
RLJ Lodging Trust (NYSE:RLJ) last posted its quarterly earnings data 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 business had revenue of $462.49 million during the quarter, compared to the consensus estimate of $442.14 million.
RLJ has been the subject of several research reports. 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 reissued a “hold” rating on shares of RLJ Lodging Trust in a report on Thursday, December 21st. KeyCorp raised shares of RLJ Lodging Trust from a “sector weight” rating to an “overweight” rating and set a $25.00 target price for the company in a report on Tuesday, December 19th. Deutsche Bank raised their target price on shares of RLJ Lodging Trust from $22.00 to $23.00 and gave the stock a “hold” rating in a report on Friday, February 9th. Finally, ValuEngine cut shares of RLJ Lodging Trust from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $23.27.
Several institutional investors have recently modified their holdings of RLJ. Assetmark Inc. raised its holdings in shares of RLJ Lodging Trust by 8,118.5% during the fourth quarter. Assetmark Inc. now owns 5,342 shares of the real estate investment trust’s stock worth $117,000 after purchasing an additional 5,277 shares during the last quarter. Lazard Asset Management LLC purchased a new position in RLJ Lodging Trust in the fourth quarter valued at $142,000. Ameritas Investment Partners Inc. increased its holdings in RLJ Lodging Trust by 38.0% in the third quarter. Ameritas Investment Partners Inc. now owns 14,536 shares of the real estate investment trust’s stock valued at $212,000 after buying an additional 4,002 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in RLJ Lodging Trust in the third quarter valued at $225,000. Finally, Foster & Motley Inc. purchased a new position in RLJ Lodging Trust in the fourth quarter valued at $243,000.
Shares of NYSE:RLJ traded down $0.11 on Monday, hitting $19.99. 1,880,720 shares of the company were exchanged, compared to its average volume of 1,457,717. RLJ Lodging Trust has a 1-year low of $18.67 and a 1-year 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. The company has a market capitalization of $3,514.43, a P/E ratio of 8.33, a PEG ratio of 1.69 and a beta of 1.15.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Thursday, March 29th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.32 annualized dividend and a dividend yield of 6.60%. RLJ Lodging Trust’s dividend payout ratio (DPR) 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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