RLJ Lodging Trust (RLJ) to Release Quarterly Earnings on Wednesday

RLJ Lodging Trust (NYSE:RLJ) is scheduled to announce its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce 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 are interested in registering for the company’s earnings conference call can do so using this link.

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

RLJ Lodging Trust stock opened at $11.40 on Wednesday. The stock’s fifty day moving average price is $11.74 and its two-hundred day moving average price is $11.17. RLJ Lodging Trust has a one year low of $9.06 and a one year high of $12.39. The company has a debt-to-equity ratio of 1.12, a current ratio of 3.46 and a quick ratio of 3.46. The firm has a market cap of $1.77 billion, a PE ratio of 35.63, a price-to-earnings-growth ratio of 0.90 and a beta of 1.71.

RLJ Lodging Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a dividend of $0.10 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.40 dividend on an annualized basis and a yield of 3.51%. RLJ Lodging Trust’s dividend payout ratio (DPR) is presently 125.00%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on RLJ. Wolfe Research began coverage on RLJ Lodging Trust in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $15.00 price target on the stock. StockNews.com raised RLJ Lodging Trust from a “sell” rating to a “hold” rating in a report on Monday, March 18th. Finally, Oppenheimer raised their price objective on RLJ Lodging Trust from $14.00 to $15.00 and gave the company an “outperform” rating in a report on Thursday, February 29th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $13.90.

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 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.