RLJ Lodging Trust (RLJ) Scheduled to Post Quarterly Earnings on Wednesday

RLJ Lodging Trust (NYSE:RLJ) is scheduled to be releasing its earnings data 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.Persons that wish to listen to the company’s earnings conference call can do so using this link.

RLJ Lodging Trust (NYSE:RLJ) last released its earnings results on Monday, February 26th. The real estate investment trust reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.04. The business had revenue of $319.70 million for the quarter, compared to the consensus estimate of $313.34 million. RLJ Lodging Trust had a net margin of 5.76% and a return on equity of 3.79%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the firm posted $0.33 earnings per share. 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 Price Performance

NYSE RLJ opened at $11.11 on Tuesday. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 34.72, a price-to-earnings-growth ratio of 0.91 and a beta of 1.71. The company has a debt-to-equity ratio of 1.12, a current ratio of 3.46 and a quick ratio of 3.46. RLJ Lodging Trust has a 52-week low of $9.06 and a 52-week high of $12.39. The company has a 50 day simple moving average of $11.71 and a 200-day simple moving average of $11.21.

RLJ Lodging Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 3.60%. The ex-dividend date of this dividend was Wednesday, March 27th. RLJ Lodging Trust’s dividend payout ratio is currently 125.00%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on RLJ shares. StockNews.com cut shares of RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research note on Monday. Wolfe Research began coverage on RLJ Lodging Trust in a research note on Wednesday, January 10th. They set an “outperform” rating and a $15.00 price objective for the company. Finally, Oppenheimer increased their target price on RLJ Lodging Trust from $14.00 to $15.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” 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.