Equities research analysts forecast that RLJ Lodging Trust (NYSE:RLJ) will report sales of $419.57 million for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for RLJ Lodging Trust’s earnings, with the lowest sales estimate coming in at $410.54 million and the highest estimate coming in at $441.77 million. RLJ Lodging Trust reported sales of $462.49 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 9.3%. The firm is scheduled to announce its next earnings results on Tuesday, February 26th.
According to Zacks, analysts expect that RLJ Lodging Trust will report full-year sales of $1.78 billion for the current fiscal year, with estimates ranging from $1.76 billion to $1.82 billion. For the next financial year, analysts anticipate that the company will report sales of $1.77 billion, with estimates ranging from $1.70 billion to $1.85 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for RLJ Lodging Trust.
RLJ Lodging Trust (NYSE:RLJ) last posted its quarterly earnings results on Tuesday, November 6th. The real estate investment trust reported $0.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.17). RLJ Lodging Trust had a return on equity of 3.11% and a net margin of 5.72%. The company had revenue of $447.00 million for the quarter, compared to analyst estimates of $450.68 million. During the same period last year, the company earned $0.61 earnings per share. The business’s revenue for the quarter was up 31.0% compared to the same quarter last year.
Shares of RLJ Lodging Trust stock traded up $0.82 on Wednesday, hitting $20.04. The company’s stock had a trading volume of 1,391,500 shares, compared to its average volume of 1,273,804. RLJ Lodging Trust has a 52-week low of $18.67 and a 52-week high of $23.97. The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $3.36 billion, a PE ratio of 8.35, a P/E/G ratio of 1.74 and a beta of 1.14.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Friday, September 28th were given a $0.33 dividend. The ex-dividend date was Thursday, September 27th. This represents a $1.32 annualized dividend and a dividend yield of 6.59%. RLJ Lodging Trust’s dividend payout ratio is presently 55.00%.
Institutional investors have recently added to or reduced their stakes in the stock. NN Investment Partners Holdings N.V. purchased a new position in RLJ Lodging Trust in the 3rd quarter valued at about $198,000. Zeke Capital Advisors LLC purchased a new position in RLJ Lodging Trust in the 2nd quarter valued at about $206,000. Truvestments Capital LLC purchased a new position in RLJ Lodging Trust in the 2nd quarter valued at about $235,000. Dynamic Technology Lab Private Ltd purchased a new position in RLJ Lodging Trust in the 1st quarter valued at about $261,000. Finally, Tower Research Capital LLC TRC lifted its holdings in RLJ Lodging Trust by 115.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 12,056 shares of the real estate investment trust’s stock valued at $266,000 after purchasing an additional 6,456 shares in the last quarter. Institutional investors and hedge funds own 98.60% of the company’s stock.
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 154 hotels with approximately 30,000 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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