RLJ Lodging Trust (RLJ) to Release Earnings on Tuesday

RLJ Lodging Trust (NYSE:RLJ) is expected to be issuing its quarterly earnings data after the market closes on Tuesday, February 25th. Analysts expect the company to announce earnings of ($0.03) per share and revenue of $324.66 million for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

RLJ Lodging Trust Stock Down 2.3 %

NYSE:RLJ opened at $9.36 on Friday. The stock’s fifty day moving average price is $9.90 and its two-hundred day moving average price is $9.62. RLJ Lodging Trust has a 52-week low of $8.74 and a 52-week high of $12.39. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.74 and a current ratio of 2.74. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 32.27, a P/E/G ratio of 2.87 and a beta of 1.68.

RLJ Lodging Trust Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 6.41%. The ex-dividend date was Tuesday, December 31st. RLJ Lodging Trust’s dividend payout ratio is 206.90%.

Wall Street Analysts Forecast Growth

RLJ has been the topic of several research reports. Truist Financial reduced their price objective on RLJ Lodging Trust from $14.00 to $11.00 and set a “buy” rating on the stock in a report on Monday, October 28th. Wells Fargo & Company reduced their price objective on RLJ Lodging Trust from $10.50 to $9.75 and set an “underweight” rating on the stock in a report on Tuesday, February 18th. Oppenheimer upped their price objective on RLJ Lodging Trust from $11.00 to $12.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Finally, StockNews.com raised RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, RLJ Lodging Trust presently has an average rating of “Hold” and an average price target of $10.79.

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.