Wall Street brokerages expect RLJ Lodging Trust (NYSE:RLJ – Get Rating) to report $0.40 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for RLJ Lodging Trust’s earnings, with the highest EPS estimate coming in at $0.50 and the lowest estimate coming in at $0.28. RLJ Lodging Trust posted earnings per share of $0.07 in the same quarter last year, which suggests a positive year-over-year growth rate of 471.4%. The firm is expected to report its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that RLJ Lodging Trust will report full-year earnings of $1.28 per share for the current financial year, with EPS estimates ranging from $1.03 to $1.49. For the next year, analysts expect that the firm will post earnings of $1.89 per share, with EPS estimates ranging from $1.70 to $2.18. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that follow RLJ Lodging Trust.
RLJ Lodging Trust (NYSE:RLJ – Get Rating) last announced its quarterly earnings data on Wednesday, May 4th. The real estate investment trust reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.30). The company had revenue of $242.90 million during the quarter, compared to the consensus estimate of $239.79 million. RLJ Lodging Trust had a negative net margin of 26.67% and a negative return on equity of 11.50%. RLJ Lodging Trust’s revenue was up 103.2% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.18) EPS.
In related news, Director Nathaniel A. Davis sold 40,000 shares of the business’s stock in a transaction on Friday, March 18th. The shares were sold at an average price of $14.40, for a total value of $576,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.30% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in RLJ. First Trust Advisors LP raised its holdings in shares of RLJ Lodging Trust by 38.7% during the first quarter. First Trust Advisors LP now owns 197,863 shares of the real estate investment trust’s stock valued at $3,476,000 after purchasing an additional 55,224 shares during the period. Amundi Pioneer Asset Management Inc. grew its position in RLJ Lodging Trust by 125.8% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 204,215 shares of the real estate investment trust’s stock worth $3,589,000 after purchasing an additional 113,786 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in RLJ Lodging Trust by 5.0% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 73,190 shares of the real estate investment trust’s stock worth $1,088,000 after purchasing an additional 3,505 shares in the last quarter. Fort Washington Investment Advisors Inc. OH grew its position in RLJ Lodging Trust by 7.6% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 21,200 shares of the real estate investment trust’s stock worth $315,000 after purchasing an additional 1,500 shares in the last quarter. Finally, GSI Capital Advisors LLC bought a new position in shares of RLJ Lodging Trust during the 3rd quarter valued at approximately $2,599,000. Institutional investors and hedge funds own 98.00% of the company’s stock.
NYSE:RLJ traded up $0.50 during mid-day trading on Tuesday, hitting $12.83. The stock had a trading volume of 2,616,538 shares, compared to its average volume of 1,577,226. RLJ Lodging Trust has a twelve month low of $11.92 and a twelve month high of $16.66. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of -7.87 and a beta of 1.76. The company’s 50 day simple moving average is $13.73 and its 200 day simple moving average is $13.93. The company has a debt-to-equity ratio of 1.18, a quick ratio of 4.31 and a current ratio of 4.31.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 15th. Investors of record on Thursday, March 31st were paid a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, March 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.31%. RLJ Lodging Trust’s dividend payout ratio is -2.45%.
About RLJ Lodging Trust (Get Rating)
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 103 hotels with approximately 22,570 rooms, located in 23 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.
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