RLJ Lodging Trust (RLJ) to Release Earnings on Tuesday

RLJ Lodging Trust (NYSE:RLJ) is projected to post its quarterly earnings results after the market closes on Tuesday, February 25th. Analysts expect RLJ Lodging Trust to post earnings of ($0.03) per share and revenue of $324.66 million for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

RLJ Lodging Trust Price Performance

RLJ opened at $9.36 on Friday. The company has a fifty day simple moving average of $9.90 and a 200 day simple moving average of $9.62. The stock has a market cap of $1.43 billion, a P/E ratio of 32.27, a P/E/G ratio of 2.87 and a beta of 1.68. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 1.14. RLJ Lodging Trust has a 12 month low of $8.74 and a 12 month high of $12.39.

RLJ Lodging Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 6.41%. The ex-dividend date was Tuesday, December 31st. RLJ Lodging Trust’s dividend payout ratio (DPR) is presently 206.90%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on RLJ shares. Oppenheimer increased their target price on RLJ Lodging Trust from $11.00 to $12.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Wells Fargo & Company lowered their target price on RLJ Lodging Trust from $10.50 to $9.75 and set an “underweight” rating for the company in a report on Tuesday, February 18th. Truist Financial lowered their target price on RLJ Lodging Trust from $14.00 to $11.00 and set a “buy” rating for the company in a report on Monday, October 28th. Finally, StockNews.com upgraded RLJ Lodging Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $10.79.

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.