RLJ Lodging Trust Expected to Earn FY2018 Earnings of $2.34 Per Share (RLJ)

RLJ Lodging Trust (NYSE:RLJ) – Boenning Scattergood lowered their FY2018 earnings per share (EPS) estimates for shares of RLJ Lodging Trust in a research report issued on Tuesday. Boenning Scattergood analyst F. Van. Dijkum now anticipates that the real estate investment trust will post earnings per share of $2.34 for the year, down from their previous forecast of $2.37. Boenning Scattergood also issued estimates for RLJ Lodging Trust’s Q4 2018 earnings at $0.46 EPS.

RLJ Lodging Trust (NYSE:RLJ) last announced its quarterly earnings results on Wednesday, November 8th. The real estate investment trust reported $0.61 EPS for the quarter, beating the consensus estimate of $0.59 by $0.02. The firm had revenue of $341.26 million for the quarter, compared to analyst estimates of $347.74 million. RLJ Lodging Trust had a return on equity of 5.80% and a net margin of 12.30%. The business’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.69 earnings per share.

A number of other equities research analysts also recently weighed in on the company. Zacks Investment Research downgraded RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. Robert W. Baird reaffirmed a “hold” rating on shares of RLJ Lodging Trust in a research report on Thursday, December 21st. KeyCorp raised RLJ Lodging Trust from a “sector weight” rating to an “overweight” rating and set a $25.00 price objective on the stock in a research report on Tuesday, December 19th. ValuEngine raised RLJ Lodging Trust from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, TheStreet downgraded RLJ Lodging Trust from a “b-” rating to a “c+” rating in a research report on Wednesday, November 8th. Three analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $23.36.

Shares of RLJ Lodging Trust (RLJ) traded up $0.20 during mid-day trading on Wednesday, reaching $22.45. The company had a trading volume of 1,330,100 shares, compared to its average volume of 1,284,113. RLJ Lodging Trust has a 12 month low of $19.12 and a 12 month high of $24.60. The company has a market capitalization of $3,880.00, a P/E ratio of 29.54, a P/E/G ratio of 1.86 and a beta of 1.13. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.06 and a current ratio of 2.06.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Amalgamated Bank boosted its holdings in RLJ Lodging Trust by 1.6% in the second quarter. Amalgamated Bank now owns 15,581 shares of the real estate investment trust’s stock worth $310,000 after acquiring an additional 248 shares in the last quarter. Utah Retirement Systems raised its stake in shares of RLJ Lodging Trust by 2.6% in the second quarter. Utah Retirement Systems now owns 11,707 shares of the real estate investment trust’s stock worth $233,000 after purchasing an additional 300 shares during the last quarter. Global Endowment Management LP raised its stake in shares of RLJ Lodging Trust by 0.7% in the second quarter. Global Endowment Management LP now owns 108,910 shares of the real estate investment trust’s stock worth $2,164,000 after purchasing an additional 800 shares during the last quarter. Thrivent Financial For Lutherans raised its stake in shares of RLJ Lodging Trust by 1.7% in the second quarter. Thrivent Financial For Lutherans now owns 48,660 shares of the real estate investment trust’s stock worth $967,000 after purchasing an additional 800 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of RLJ Lodging Trust by 6.8% in the second quarter. Principal Financial Group Inc. now owns 23,109 shares of the real estate investment trust’s stock worth $459,000 after purchasing an additional 1,465 shares during the last quarter. 94.38% of the stock is owned by institutional investors and hedge funds.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 5.88%. The ex-dividend date is Thursday, December 28th. This is an increase from RLJ Lodging Trust’s previous quarterly dividend of $0.22. RLJ Lodging Trust’s dividend payout ratio (DPR) is currently 173.68%.

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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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