Analysts expect RLJ Lodging Trust (NYSE:RLJ) to announce earnings of $0.51 per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for RLJ Lodging Trust’s earnings, with the highest EPS estimate coming in at $0.54 and the lowest estimate coming in at $0.46. RLJ Lodging Trust posted earnings per share of $0.60 in the same quarter last year, which indicates a negative year over year growth rate of 15%. The company is expected to announce its next earnings results on Wednesday, February 28th.

On average, analysts expect that RLJ Lodging Trust will report full year earnings of $2.34 per share for the current year, with EPS estimates ranging from $2.31 to $2.37. For the next financial year, analysts forecast that the business will post earnings of $2.46 per share, with EPS estimates ranging from $2.41 to $2.50. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover RLJ Lodging Trust.

RLJ Lodging Trust (NYSE:RLJ) last announced its quarterly earnings data on Wednesday, November 8th. The real estate investment trust reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.02. The business had revenue of $341.26 million during the quarter, compared to the consensus estimate of $347.74 million. RLJ Lodging Trust had a return on equity of 5.80% and a net margin of 12.30%. The business’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.69 earnings per share.

A number of equities research analysts have issued reports on RLJ shares. Zacks Investment Research downgraded RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, December 6th. SunTrust Banks started coverage on RLJ Lodging Trust in a research report on Thursday, October 19th. They set a “hold” rating and a $22.00 price target for the company. KeyCorp raised RLJ Lodging Trust from a “sector weight” rating to an “overweight” rating and set a $25.00 price target for the company in a research report on Tuesday, December 19th. Barclays started coverage on RLJ Lodging Trust in a research report on Friday, October 6th. They set an “equal weight” rating and a $24.00 price target for the company. Finally, TheStreet downgraded RLJ Lodging Trust from a “b-” rating to a “c+” rating in a research report on Wednesday, November 8th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $23.36.

Several hedge funds and other institutional investors have recently modified their holdings of RLJ. Ffcm LLC boosted its position in shares of RLJ Lodging Trust by 1,105.3% in the third quarter. Ffcm LLC now owns 5,496 shares of the real estate investment trust’s stock worth $121,000 after buying an additional 5,040 shares during the period. Ameritas Investment Partners Inc. boosted its position in shares of RLJ Lodging Trust by 38.0% in the third quarter. Ameritas Investment Partners Inc. now owns 14,536 shares of the real estate investment trust’s stock worth $212,000 after buying an additional 4,002 shares during the period. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of RLJ Lodging Trust in the second quarter worth about $214,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of RLJ Lodging Trust in the third quarter worth about $225,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of RLJ Lodging Trust in the second quarter worth about $246,000. 94.29% of the stock is owned by institutional investors.

Shares of RLJ Lodging Trust (NYSE:RLJ) opened at $22.66 on Monday. RLJ Lodging Trust has a 1 year low of $19.12 and a 1 year high of $24.60. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.06 and a quick ratio of 2.06. The company has a market capitalization of $3,963.46, a price-to-earnings ratio of 20.05, a PEG ratio of 1.90 and a beta of 1.13.

The business also recently announced a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were given a $0.33 dividend. This is an increase from RLJ Lodging Trust’s previous quarterly dividend of $0.22. The ex-dividend date was Thursday, December 28th. This represents a $1.32 annualized dividend and a dividend yield of 5.83%. RLJ Lodging Trust’s dividend payout ratio is presently 116.82%.

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About RLJ Lodging Trust

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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