RLJ Lodging Trust (RLJ) to Release Quarterly Earnings on Wednesday

RLJ Lodging Trust (NYSE:RLJ) is scheduled to post its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect RLJ Lodging Trust to post earnings of $0.32 per share for the quarter. RLJ Lodging Trust has set its FY24 guidance at $1.55-$1.75 EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

RLJ Lodging Trust (NYSE:RLJ) last released its quarterly earnings data on Monday, February 26th. The real estate investment trust reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. RLJ Lodging Trust had a net margin of 5.76% and a return on equity of 3.79%. The company had revenue of $319.70 million during the quarter, compared to analysts’ expectations of $313.34 million. During the same quarter in the previous year, the company earned $0.33 earnings per share. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, analysts expect RLJ Lodging Trust to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

RLJ Lodging Trust Stock Up 1.1 %

RLJ opened at $11.40 on Wednesday. The company has a fifty day moving average of $11.74 and a two-hundred day moving average of $11.17. RLJ Lodging Trust has a fifty-two week low of $9.06 and a fifty-two week high of $12.39. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 35.63, a PEG ratio of 0.90 and a beta of 1.71. The company has a debt-to-equity ratio of 1.12, a quick ratio of 3.46 and a current ratio of 3.46.

RLJ Lodging Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.40 annualized dividend and a dividend yield of 3.51%. RLJ Lodging Trust’s dividend payout ratio (DPR) is 125.00%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on RLJ shares. Wolfe Research started coverage on shares of RLJ Lodging Trust in a research report on Wednesday, January 10th. They set an “outperform” rating and a $15.00 price target on the stock. StockNews.com upgraded shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating in a report on Monday, March 18th. Finally, Oppenheimer boosted their target price on shares of RLJ Lodging Trust from $14.00 to $15.00 and gave the company an “outperform” rating in a report on Thursday, February 29th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $13.90.

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 currently consists of 96 hotels with approximately 21,200 rooms, located in 23 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.