Wall Street brokerages expect RLJ Lodging Trust (NYSE:RLJ – Get Rating) to announce sales of $318.24 million for the current quarter, according to Zacks. Six analysts have made estimates for RLJ Lodging Trust’s earnings. The highest sales estimate is $346.25 million and the lowest is $297.66 million. RLJ Lodging Trust reported sales of $194.25 million during the same quarter last year, which would suggest a positive year over year growth rate of 63.8%. The business is scheduled to announce its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that RLJ Lodging Trust will report full year sales of $1.20 billion for the current fiscal year, with estimates ranging from $1.13 billion to $1.27 billion. For the next financial year, analysts expect that the firm will post sales of $1.38 billion, with estimates ranging from $1.27 billion to $1.43 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for RLJ Lodging Trust.
RLJ Lodging Trust (NYSE:RLJ – Get Rating) last released its earnings results on Wednesday, May 4th. The real estate investment trust reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.30). The company had revenue of $242.90 million for the quarter, compared to the consensus estimate of $239.79 million. RLJ Lodging Trust had a negative return on equity of 11.58% and a negative net margin of 26.67%. The business’s revenue was up 103.2% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.18) EPS.
In related 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.30% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in RLJ Lodging Trust in the 4th quarter worth approximately $36,000. Aaron Wealth Advisors LLC purchased a new stake in RLJ Lodging Trust during the first quarter valued at $212,000. Penserra Capital Management LLC lifted its holdings in 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 during the period. Wolverine Asset Management LLC bought a new position in RLJ Lodging Trust in the fourth quarter valued at about $102,000. Finally, Schroder Investment Management Group boosted its position in 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 worth $143,000 after purchasing an additional 2,526 shares during the last quarter. 98.00% of the stock is owned by institutional investors.
NYSE RLJ opened at $13.86 on Thursday. 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 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 1.08. The stock has a 50 day moving average of $13.58 and a 200-day moving average of $13.74. The company has a market cap of $2.31 billion, a PE ratio of -8.50 and a beta of 1.76.
The firm also recently declared a quarterly dividend, which was paid on Friday, April 15th. Shareholders of record on Thursday, March 31st were issued a $0.01 dividend. The ex-dividend date was Wednesday, March 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.29%. RLJ Lodging Trust’s payout ratio is currently -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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