$453.50 Million in Sales Expected for RLJ Lodging Trust (NYSE:RLJ) This Quarter

Equities research analysts expect RLJ Lodging Trust (NYSE:RLJ) to report sales of $453.50 million for the current quarter, Zacks reports. Eight analysts have made estimates for RLJ Lodging Trust’s earnings. The lowest sales estimate is $447.98 million and the highest is $460.02 million. RLJ Lodging Trust reported sales of $484.69 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 6.4%. The business is expected to issue its next earnings results after the market closes on Wednesday, August 7th.

According to Zacks, analysts expect that RLJ Lodging Trust will report full-year sales of $1.67 billion for the current year, with estimates ranging from $1.63 billion to $1.69 billion. For the next fiscal year, analysts forecast that the company will report sales of $1.66 billion, with estimates ranging from $1.58 billion to $1.72 billion. Zacks’ sales averages are an average based on a survey of analysts that follow RLJ Lodging Trust.

RLJ Lodging Trust (NYSE:RLJ) last issued its quarterly earnings results 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 firm had revenue of $399.27 million during the quarter, compared to analysts’ expectations of $402.53 million. RLJ Lodging Trust had a return on equity of 6.19% and a net margin of 11.10%.

Several equities research analysts recently weighed in on RLJ shares. Zacks Investment Research cut RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, July 16th. SunTrust Banks cut RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, July 16th. Capital One Financial started coverage on RLJ Lodging Trust in a research note on Tuesday, June 25th. They issued an “equal weight” rating and a $21.00 price target on the stock. Finally, Wells Fargo & Co raised RLJ Lodging Trust from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $18.00 to $20.00 in a research note on Wednesday, May 15th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. RLJ Lodging Trust has a consensus rating of “Hold” and a consensus target price of $22.13.

In related news, Director Forgia Robert M. La bought 5,000 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were purchased at an average cost of $17.05 per share, with a total value of $85,250.00. Following the completion of the purchase, the director now owns 53,619 shares in the company, valued at approximately $914,203.95. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.70% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RLJ. DekaBank Deutsche Girozentrale bought a new position in RLJ Lodging Trust in the second quarter valued at about $34,000. Penserra Capital Management LLC bought a new position in shares of RLJ Lodging Trust in the first quarter worth about $37,000. First Quadrant L P CA bought a new position in shares of RLJ Lodging Trust in the second quarter worth about $98,000. Berman Capital Advisors LLC bought a new position in shares of RLJ Lodging Trust in the second quarter worth about $100,000. Finally, Nisa Investment Advisors LLC grew its position in shares of RLJ Lodging Trust by 632.3% during the first quarter. Nisa Investment Advisors LLC now owns 9,080 shares of the real estate investment trust’s stock worth $160,000 after purchasing an additional 7,840 shares in the last quarter. 94.40% of the stock is currently owned by hedge funds and other institutional investors.

RLJ stock traded up $0.08 during midday trading on Friday, hitting $16.54. The stock had a trading volume of 1,249,989 shares, compared to its average volume of 1,377,541. The stock has a market cap of $2.93 billion, a price-to-earnings ratio of 7.32, a price-to-earnings-growth ratio of 1.59 and a beta of 1.30. The stock’s 50-day moving average price is $17.56. RLJ Lodging Trust has a 52-week low of $15.91 and a 52-week high of $23.31. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.77.

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a $0.33 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $1.32 annualized dividend and a yield of 7.98%. RLJ Lodging Trust’s payout ratio is 58.41%.

RLJ Lodging Trust Company Profile

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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Earnings History and Estimates for RLJ Lodging Trust (NYSE:RLJ)

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