RLJ Lodging Trust (RLJ) To Go Ex-Dividend on September 30th

RLJ Lodging Trust (NYSE:RLJ) declared a quarterly dividend on Tuesday, September 15th. Stockholders of record on Wednesday, September 30th will be given a dividend of 0.15 per share by the real estate investment trust on Thursday, October 15th. This represents a c) annualized dividend and a dividend yield of 5.6%. The ex-dividend date is Wednesday, September 30th.

RLJ Lodging Trust has increased its dividend payment by an average of 0.7%per year over the last three years and has raised its dividend annually for the last 3 consecutive years. RLJ Lodging Trust has a payout ratio of 600.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect RLJ Lodging Trust to earn $1.33 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 45.1%.

RLJ Lodging Trust Stock Performance

NYSE:RLJ opened at $10.80 on Thursday. The stock’s fifty day moving average is $11.50 and its 200 day moving average is $9.95. RLJ Lodging Trust has a fifty-two week low of $6.54 and a fifty-two week high of $12.89. The firm has a market capitalization of $1.65 billion, a PE ratio of 7.62 and a beta of 1.08. The company has a debt-to-equity ratio of 1.50, a quick ratio of 5.71 and a current ratio of 5.71.

RLJ Lodging Trust (NYSE:RLJ) last posted its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.37. RLJ Lodging Trust had a net margin of 2.00% and a return on equity of 1.52%. The business had revenue of $382.99 million for the quarter, compared to analysts’ expectations of $370.49 million. During the same quarter in the previous year, the business posted $0.48 earnings per share. The business’s revenue was up 5.5% compared to the same quarter last year. RLJ Lodging Trust has set its FY 2026 guidance at 1.370-1.500 EPS. On average, sell-side analysts anticipate that RLJ Lodging Trust will post 1.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Wall Street Zen upgraded shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating in a report on Sunday, June 7th. Barclays boosted their target price on RLJ Lodging Trust from $9.50 to $11.00 and gave the company an “underweight” rating in a research report on Thursday, August 27th. Zacks Research cut RLJ Lodging Trust from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Truist Financial increased their price target on RLJ Lodging Trust from $7.00 to $10.00 and gave the stock a “hold” rating in a report on Friday, June 12th. Finally, LADENBURG THALM/SH SH boosted their price objective on RLJ Lodging Trust from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $11.11.

RLJ Lodging Trust Company Profile

RLJ Lodging Trust is a self-managed real estate investment trust that owns and operates a portfolio of premium-branded, focused-service and compact full-service hotels in the United States. Its properties are generally located in urban and high-barrier-to-entry suburban markets, with an emphasis on business, leisure and other demand-generating locations.

The company’s hotels operate under well-known brands, including offerings affiliated with Marriott International, Hilton Worldwide, Hyatt Hotels and InterContinental Hotels Group.