$463.09 Million in Sales Expected for RLJ Lodging Trust (RLJ) This Quarter

Equities analysts expect RLJ Lodging Trust (NYSE:RLJ) to announce $463.09 million in sales for the current quarter, Zacks reports. Six analysts have made estimates for RLJ Lodging Trust’s earnings, with the highest sales estimate coming in at $484.84 million and the lowest estimate coming in at $450.66 million. RLJ Lodging Trust reported sales of $484.69 million during the same quarter last year, which indicates a negative year-over-year growth rate of 4.5%. The firm is expected to issue its next quarterly earnings report on Tuesday, August 6th.

On average, analysts expect that RLJ Lodging Trust will report full-year sales of $1.70 billion for the current financial year, with estimates ranging from $1.67 billion to $1.75 billion. For the next year, analysts expect that the firm will report sales of $1.71 billion, with estimates ranging from $1.69 billion to $1.75 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that follow RLJ Lodging Trust.

RLJ Lodging Trust (NYSE:RLJ) last announced its quarterly earnings data on Wednesday, May 8th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.30). The company had revenue of $399.27 million for the quarter, compared to analysts’ expectations of $402.53 million. RLJ Lodging Trust had a return on equity of 6.02% and a net margin of 10.71%.

Several brokerages have recently weighed in on RLJ. Zacks Investment Research lowered shares of RLJ Lodging Trust from a “hold” rating to a “sell” rating in a report on Thursday. Wells Fargo & Co reiterated a “hold” rating on shares of RLJ Lodging Trust in a report on Friday, March 8th. Finally, Barclays set a $22.00 price objective on shares of RLJ Lodging Trust and gave the stock a “buy” rating in a report on Tuesday, March 5th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $22.33.

Shares of RLJ stock traded up $0.32 during trading hours on Friday, hitting $18.75. 962,271 shares of the company were exchanged, compared to its average volume of 1,494,123. The firm has a market cap of $3.20 billion, a P/E ratio of 8.30, a PEG ratio of 1.71 and a beta of 1.38. RLJ Lodging Trust has a 1 year low of $15.91 and a 1 year high of $23.97. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.17 and a quick ratio of 2.17.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $1.32 annualized dividend and a dividend yield of 7.04%. RLJ Lodging Trust’s payout ratio is currently 58.41%.

Hedge funds have recently made changes to their positions in the company. Congress Asset Management Co. MA increased its position in RLJ Lodging Trust by 1.8% during the 4th quarter. Congress Asset Management Co. MA now owns 37,988 shares of the real estate investment trust’s stock worth $623,000 after purchasing an additional 665 shares in the last quarter. Utah Retirement Systems increased its position in RLJ Lodging Trust by 5.8% during the 4th quarter. Utah Retirement Systems now owns 18,207 shares of the real estate investment trust’s stock worth $299,000 after purchasing an additional 1,000 shares in the last quarter. State of Alaska Department of Revenue increased its position in RLJ Lodging Trust by 1.8% during the 4th quarter. State of Alaska Department of Revenue now owns 56,715 shares of the real estate investment trust’s stock worth $929,000 after purchasing an additional 1,022 shares in the last quarter. Great West Life Assurance Co. Can increased its position in RLJ Lodging Trust by 0.8% during the 1st quarter. Great West Life Assurance Co. Can now owns 137,976 shares of the real estate investment trust’s stock worth $2,423,000 after purchasing an additional 1,058 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in RLJ Lodging Trust by 4.4% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 30,577 shares of the real estate investment trust’s stock worth $495,000 after purchasing an additional 1,300 shares in the last quarter. Institutional investors and hedge funds own 96.36% of the company’s stock.

About RLJ Lodging Trust

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 150 hotels with approximately 28,600 rooms, located in 25 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.

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