Q2 2017 EPS Estimates for RLJ Lodging Trust (RLJ) Decreased by Analyst

RLJ Lodging Trust (NYSE:RLJ) – Research analysts at Boenning Scattergood reduced their Q2 2017 EPS estimates for RLJ Lodging Trust in a research note issued to investors on Wednesday. Boenning Scattergood analyst F. Van. Dijkum now expects that the real estate investment trust will post earnings of $0.67 per share for the quarter, down from their prior estimate of $0.71. Boenning Scattergood currently has a “Sell” rating and a $19.50 target price on the stock. Boenning Scattergood also issued estimates for RLJ Lodging Trust’s Q4 2017 earnings at $0.53 EPS, Q3 2018 earnings at $0.63 EPS and Q4 2018 earnings at $0.53 EPS.

A number of other analysts have also recently issued reports on RLJ. Janney Montgomery Scott reissued a “buy” rating and set a $28.00 price objective (up previously from $26.00) on shares of RLJ Lodging Trust in a report on Monday, June 5th. ValuEngine cut RLJ Lodging Trust from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research raised RLJ Lodging Trust from a “sell” rating to a “hold” rating in a report on Friday, March 3rd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. RLJ Lodging Trust currently has a consensus rating of “Hold” and a consensus price target of $25.17.

Earnings History and Estimates for RLJ Lodging Trust (NYSE:RLJ)

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RLJ Lodging Trust (NYSE RLJ) opened at 21.06 on Thursday. The company has a market cap of $2.61 billion, a PE ratio of 13.33 and a beta of 1.14. The company has a 50 day moving average price of $20.75 and a 200-day moving average price of $22.78. RLJ Lodging Trust has a 12 month low of $18.92 and a 12 month high of $25.10.

RLJ Lodging Trust (NYSE:RLJ) last issued its quarterly earnings results on Monday, May 8th. The real estate investment trust reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.02. RLJ Lodging Trust had a return on equity of 8.95% and a net margin of 17.19%. The company had revenue of $260.20 million for the quarter, compared to analysts’ expectations of $263.57 million. During the same quarter last year, the business earned $0.57 earnings per share. RLJ Lodging Trust’s revenue was down 5.4% on a year-over-year basis.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Friday, June 30th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $1.32 dividend on an annualized basis and a yield of 6.27%. RLJ Lodging Trust’s dividend payout ratio is currently 83.54%.

A number of institutional investors have recently made changes to their positions in the company. New York State Teachers Retirement System raised its position in shares of RLJ Lodging Trust by 0.9% in the fourth quarter. New York State Teachers Retirement System now owns 10,700 shares of the real estate investment trust’s stock worth $262,000 after buying an additional 100 shares in the last quarter. Systematic Financial Management LP raised its position in shares of RLJ Lodging Trust by 0.3% in the fourth quarter. Systematic Financial Management LP now owns 73,620 shares of the real estate investment trust’s stock worth $1,803,000 after buying an additional 190 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of RLJ Lodging Trust by 2.3% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 19,913 shares of the real estate investment trust’s stock worth $468,000 after buying an additional 440 shares in the last quarter. SG Americas Securities LLC raised its position in shares of RLJ Lodging Trust by 8.0% in the first quarter. SG Americas Securities LLC now owns 8,332 shares of the real estate investment trust’s stock worth $196,000 after buying an additional 615 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of RLJ Lodging Trust by 0.3% in the first quarter. Russell Investments Group Ltd. now owns 241,474 shares of the real estate investment trust’s stock worth $5,677,000 after buying an additional 645 shares in the last quarter. Institutional investors and hedge funds own 98.51% of the company’s stock.

RLJ Lodging Trust Company Profile

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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