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. Investors of record on Tuesday, June 30th will be given 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 5.3%. The ex-dividend date is Tuesday, June 30th.

RLJ Lodging Trust has increased its dividend payment by an average of 0.7%per year over the last three years and has increased its dividend annually for the last 3 consecutive years. RLJ Lodging Trust has a payout ratio of 600.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 Performance

NYSE:RLJ opened at $11.25 on Wednesday. RLJ Lodging Trust has a 12-month low of $6.54 and a 12-month high of $11.26. The company has a quick ratio of 2.89, a current ratio of 2.89 and a debt-to-equity ratio of 1.22. The firm has a market capitalization of $1.71 billion, a PE ratio of -1,124.50 and a beta of 1.13. The firm has a 50-day moving average price of $9.09 and a 200 day moving average price of $8.20.

RLJ Lodging Trust (NYSE:RLJ) last posted its quarterly earnings results on Monday, May 4th. The real estate investment trust reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $339.98 million during the quarter, compared to analyst estimates of $323.51 million. During the same quarter in the prior year, the business posted $0.31 earnings per share. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. Research analysts anticipate that RLJ Lodging Trust will post 1.26 earnings per share 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.