RLJ Lodging Trust (NYSE:RLJ) Earning Somewhat Favorable Press Coverage, Analysis Finds
News stories about RLJ Lodging Trust (NYSE:RLJ) have trended somewhat positive on Saturday, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. RLJ Lodging Trust earned a news sentiment score of 0.19 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 46.2669597532027 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
- RLJ Lodging Trust (NYSE:RLJ) Expected to Announce Quarterly Sales of $280.85 Million (americanbankingnews.com)
- IHS Markit Score downgrades RLJ Lodging Trust to 30 out of 100, ranking positively in two out of three available IHS Markit categories. (finance.yahoo.com)
- $0.61 EPS Expected for RLJ Lodging Trust (RLJ) This Quarter (americanbankingnews.com)
- RLJ: Soft business travel hurts Q2, but outlook is good (hotelnewsnow.com)
Several research firms recently issued reports on RLJ. Boenning Scattergood reiterated an “underperform” rating and issued a $21.00 price objective on shares of RLJ Lodging Trust in a report on Tuesday, April 18th. ValuEngine downgraded RLJ Lodging Trust from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research downgraded RLJ Lodging Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Canaccord Genuity reiterated a “hold” rating and issued a $21.00 price objective on shares of RLJ Lodging Trust in a report on Monday, August 7th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $25.00 price objective on shares of RLJ Lodging Trust in a report on Friday, August 4th. Four equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $24.71.
Shares of RLJ Lodging Trust (RLJ) traded up 0.20% during midday trading on Friday, reaching $19.89. The company’s stock had a trading volume of 2,326,529 shares. The firm’s 50 day moving average is $20.39 and its 200 day moving average is $21.79. The firm has a market capitalization of $2.46 billion, a price-to-earnings ratio of 13.72 and a beta of 1.16. RLJ Lodging Trust has a 52 week low of $18.92 and a 52 week high of $25.10.
RLJ Lodging Trust (NYSE:RLJ) last released its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.71 EPS for the quarter, beating the consensus estimate of $0.68 by $0.03. RLJ Lodging Trust had a return on equity of 8.16% and a net margin of 16.12%. The company had revenue of $292.28 million for the quarter, compared to analyst estimates of $293.16 million. During the same period last year, the company posted $0.82 earnings per share. The firm’s revenue was down 7.8% compared to the same quarter last year. Equities analysts forecast that RLJ Lodging Trust will post $1.03 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 6.64%. The ex-dividend date of this dividend was Wednesday, June 28th. RLJ Lodging Trust’s dividend payout ratio (DPR) is presently 91.03%.
RLJ Lodging Trust Company Profile
RLJ Lodging Trust is a self-administered real estate investment trust. The Company is engaged in the acquisition of focused-service and compact full-service hotels. As of December 31, 2016, the Company owned 122 hotels with approximately 20,100 rooms, located in 21 states and the District of Columbia, and an interest in one mortgage loan secured by a hotel.
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