RLJ Lodging Trust (NYSE:RLJ) Releases FY19 Earnings Guidance

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RLJ Lodging Trust (NYSE:RLJ) issued an update on its FY19 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.98-2.10 for the period, compared to the Thomson Reuters consensus estimate of $2.02.

Shares of NYSE RLJ opened at $16.93 on Friday. The company has a quick ratio of 4.34, a current ratio of 4.34 and a debt-to-equity ratio of 0.78. RLJ Lodging Trust has a 52 week low of $15.65 and a 52 week high of $20.59. The firm’s fifty day moving average is $16.84 and its 200 day moving average is $17.33. The company has a market cap of $3.02 billion, a price-to-earnings ratio of 7.49, a PEG ratio of 1.79 and a beta of 1.28.

RLJ Lodging Trust (NYSE:RLJ) last issued its earnings results on Thursday, November 7th. The real estate investment trust reported $0.15 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.29). RLJ Lodging Trust had a return on equity of 5.29% and a net margin of 9.55%. The firm had revenue of $371.12 million during the quarter, compared to analysts’ expectations of $371.81 million. During the same period in the previous year, the firm earned $0.58 earnings per share. The firm’s quarterly revenue was down 17.0% compared to the same quarter last year. Equities research analysts anticipate that RLJ Lodging Trust will post 1.96 earnings per share for the current year.

The company also recently announced a — dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.33 dividend. This represents a dividend yield of 7.5%. The ex-dividend date was Friday, September 27th. RLJ Lodging Trust’s payout ratio is 58.41%.

A number of research analysts have issued reports on RLJ shares. Barclays set a $20.00 price objective on shares of RLJ Lodging Trust and gave the company a buy rating in a research report on Monday, August 12th. Zacks Investment Research raised shares of RLJ Lodging Trust from a sell rating to a hold rating in a research report on Saturday. Wells Fargo & Co reduced their price objective on shares of RLJ Lodging Trust from $19.00 to $18.00 and set an outperform rating on the stock in a research report on Friday, October 18th. SunTrust Banks downgraded shares of RLJ Lodging Trust from a hold rating to a sell rating in a research report on Tuesday, July 16th. Finally, Royal Bank of Canada set a $20.00 price objective on shares of RLJ Lodging Trust and gave the company a buy rating in a research report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $20.63.

In other RLJ Lodging Trust news, Director Patricia L. Gibson bought 10,000 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were purchased at an average price of $16.37 per share, for a total transaction of $163,700.00. Following the acquisition, the director now owns 38,508 shares in the company, valued at approximately $630,375.96. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Forgia Robert M. La bought 5,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were acquired at an average price of $15.70 per share, for a total transaction of $78,500.00. The disclosure for this purchase can be found here. 1.70% of the stock is currently owned by insiders.

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 consists of 150 hotels with approximately 28,600 rooms, located in 25 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.

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Earnings History and Estimates for RLJ Lodging Trust (NYSE:RLJ)

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