RLJ Lodging Trust (RLJ) Getting Somewhat Positive Media Coverage, Study Finds

News articles about RLJ Lodging Trust (NYSE:RLJ) have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. RLJ Lodging Trust earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 46.666463060997 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

These are some of the media headlines that may have effected Accern Sentiment’s scoring:

• Boenning Scattergood Analysts Give RLJ Lodging Trust (NYSE:RLJ) a $20.00 Price Target (americanbankingnews.com)
• SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces the Filing of a Complaint Regarding the Sale of FelCor Lodging Trust Incorporated to RLJ Lodging Trust – FCH (feeds.benzinga.com)
• BRIEF-RLJ Lodging Trust changes date of special meeting of its shareholders (feeds.reuters.com)
• Why Sears Holdings, Chuy’s Holdings, and RLJ Lodging Trust Jumped Today (fool.com)
• This Is Why Dividend-Rich Hotel REITs Are Flying Today (finance.yahoo.com)

Shares of RLJ Lodging Trust (RLJ) traded down 2.50% during trading on Tuesday, reaching $20.70. The company’s stock had a trading volume of 3,364,680 shares. RLJ Lodging Trust has a 12-month low of $18.92 and a 12-month high of $25.10. The stock’s 50-day moving average is $20.60 and its 200-day moving average is $22.59. The stock has a market cap of $2.56 billion, a P/E ratio of 13.10 and a beta of 1.15.

RLJ Lodging Trust (NYSE:RLJ) last released its quarterly earnings data on Monday, May 8th. The real estate investment trust reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.02. The firm had revenue of $260.20 million for the quarter, compared to the consensus estimate of $263.57 million. RLJ Lodging Trust had a return on equity of 8.95% and a net margin of 17.19%. The company’s quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.57 earnings per share. Equities research analysts anticipate that RLJ Lodging Trust will post $1.09 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were issued a $0.33 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $1.32 annualized dividend and a dividend yield of 6.38%. RLJ Lodging Trust’s dividend payout ratio is currently 83.54%.

A number of research firms have recently commented on RLJ. Boenning Scattergood reissued an “underperform” rating and set a $21.00 price target on shares of RLJ Lodging Trust in a report on Tuesday, April 18th. ValuEngine cut RLJ Lodging Trust from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research cut RLJ Lodging Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. BidaskClub cut RLJ Lodging Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Finally, Janney Montgomery Scott reissued a “buy” rating and set a $28.00 price target (up previously from $26.00) on shares of RLJ Lodging Trust in a report on Monday, June 5th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $25.13.

WARNING: “[[title]]” was originally published by [[site]] and is the property of of [[site]]. If you are viewing this report on another website, it was illegally copied and republished in violation of U.S. and international copyright law. The original version of this report can be accessed at [[permalink]].

About RLJ Lodging Trust

RLJ Lodging Trust is a self-administered real estate investment trust. The Company is engaged in the acquisition of focused-service and compact full-service hotels. As of December 31, 2016, the Company owned 122 hotels with approximately 20,100 rooms, located in 21 states and the District of Columbia, and an interest in one mortgage loan secured by a hotel.