RLJ Lodging Trust (RLJ) to Issue Quarterly Dividend of $0.15 on July 15th

RLJ Lodging Trust (NYSE:RLJ) declared a quarterly dividend on Monday, June 15th. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.15 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend is Tuesday, June 30th.

RLJ Lodging Trust has increased its dividend payment by an average of 0.7%annually over the last three years and has raised its dividend annually for the last 3 consecutive years. RLJ Lodging Trust has a dividend payout ratio of 600.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect RLJ Lodging Trust to earn $1.26 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 47.6%.

RLJ Lodging Trust Stock Up 2.6%

NYSE:RLJ opened at $11.83 on Friday. The firm’s 50-day moving average price is $9.67 and its 200-day moving average price is $8.42. The company has a market capitalization of $1.80 billion, a PE ratio of -1,183.20 and a beta of 1.13. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.89 and a quick ratio of 2.89. RLJ Lodging Trust has a 1-year low of $6.54 and a 1-year high of $12.03.

RLJ Lodging Trust (NYSE:RLJ) last issued its quarterly earnings results on Monday, May 4th. The real estate investment trust reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. RLJ Lodging Trust had a net margin of 1.84% and a return on equity of 1.37%. The company had revenue of $339.98 million during the quarter, compared to analysts’ expectations of $323.51 million. During the same period last year, the company posted $0.31 EPS. RLJ Lodging Trust’s revenue was up 3.6% on a year-over-year basis. On average, equities analysts predict that RLJ Lodging Trust will post 1.26 EPS for the current fiscal year.

RLJ Lodging Trust Company Profile

RLJ Lodging Trust is a self-managed, publicly traded real estate investment trust (REIT) that acquires, owns and operates premium-branded, focused-service and compact full-service hotels. The company’s portfolio is concentrated in major U.S. markets, targeting properties that benefit from strong corporate and leisure demand, limited new supply and established brand affiliations.

The trust’s hotels are affiliated with leading global lodging brands across the spectrum of service levels, including lifestyle and upscale segments.