$315.90 Million in Sales Expected for RLJ Lodging Trust (NYSE:RLJ) This Quarter

Wall Street brokerages forecast that RLJ Lodging Trust (NYSE:RLJ – Get Rating) will announce $315.90 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for RLJ Lodging Trust’s earnings, with the lowest sales estimate coming in at $297.66 million and the highest estimate coming in at $343.96 million. RLJ Lodging Trust posted sales of $194.25 million during the same quarter last year, which indicates a positive year-over-year growth rate of 62.6%. The company is scheduled to issue its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that RLJ Lodging Trust will report full year sales of $1.19 billion for the current year, with estimates ranging from $1.13 billion to $1.27 billion. For the next year, analysts forecast that the business will post sales of $1.38 billion, with estimates ranging from $1.27 billion to $1.43 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow RLJ Lodging Trust.

RLJ Lodging Trust (NYSE:RLJ – Get Rating) last posted its earnings results on Wednesday, May 4th. The real estate investment trust reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.30). The business had revenue of $242.90 million during the quarter, compared to the consensus estimate of $239.79 million. RLJ Lodging Trust had a negative return on equity of 11.50% and a negative net margin of 26.67%. The firm’s revenue for the quarter was up 103.2% on a year-over-year basis. During the same period in the previous year, the business posted ($0.18) EPS.

Several analysts recently commented on the company. Robert W. Baird raised RLJ Lodging Trust from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $17.00 to $18.00 in a report on Friday, January 14th. Zacks Investment Research raised RLJ Lodging Trust from a “sell” rating to a “hold” rating in a report on Wednesday, March 2nd. Oppenheimer assumed coverage on RLJ Lodging Trust in a report on Thursday, April 21st. They issued an “outperform” rating and a $20.00 price objective for the company. StockNews.com raised RLJ Lodging Trust from a “sell” rating to a “hold” rating in a report on Thursday, May 5th. Finally, TheStreet raised RLJ Lodging Trust from a “d+” rating to a “c-” rating in a report on Thursday, May 5th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, RLJ Lodging Trust presently has a consensus rating of “Buy” and a consensus price target of $17.67.

In other RLJ Lodging Trust news, Director Nathaniel A. Davis sold 40,000 shares of the business’s stock in a transaction dated Friday, March 18th. The stock was sold at an average price of $14.40, for a total transaction of $576,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.30% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in RLJ. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of RLJ Lodging Trust in the fourth quarter valued at about $36,000. Penserra Capital Management LLC lifted its position in shares of RLJ Lodging Trust by 65.5% in the third quarter. Penserra Capital Management LLC now owns 3,750 shares of the real estate investment trust’s stock valued at $55,000 after acquiring an additional 1,484 shares in the last quarter. Wolverine Asset Management LLC purchased a new position in shares of RLJ Lodging Trust in the fourth quarter valued at about $102,000. Schroder Investment Management Group lifted its position in shares of RLJ Lodging Trust by 32.7% in the fourth quarter. Schroder Investment Management Group now owns 10,241 shares of the real estate investment trust’s stock valued at $143,000 after acquiring an additional 2,526 shares in the last quarter. Finally, Guggenheim Capital LLC purchased a new position in shares of RLJ Lodging Trust in the fourth quarter valued at about $145,000. 98.00% of the stock is owned by institutional investors and hedge funds.

RLJ Lodging Trust stock opened at $12.54 on Thursday. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of -7.69 and a beta of 1.76. The stock has a fifty day simple moving average of $13.69 and a two-hundred day simple moving average of $13.91. RLJ Lodging Trust has a 12 month low of $11.92 and a 12 month high of $16.66. The company has a current ratio of 4.31, a quick ratio of 4.31 and a debt-to-equity ratio of 1.18.

The business also recently declared a quarterly dividend, which was paid on Friday, April 15th. Shareholders of record on Thursday, March 31st were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.32%. The ex-dividend date of this dividend was Wednesday, March 30th. RLJ Lodging Trust’s dividend payout ratio is presently -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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