News stories about RLJ Lodging Trust (NYSE:RLJ) have been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog 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 media sentiment score of 0.16 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 46.6194900259031 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- RLJ Lodging Trust (RLJ) Director Acquires $98,650.00 in Stock (americanbankingnews.com)
- RLJ Lodging Trust (RLJ) Lowered to “Strong Sell” at BidaskClub (americanbankingnews.com)
- RLJ Lodging Trust (RLJ) Declares $0.11 Quarterly Dividend (americanbankingnews.com)
- RLJ Lodging Trust Declares Quarterly Dividend of $0.22 (RLJ) (americanbankingnews.com)
- Critical Survey: RLJ Lodging Trust (RLJ) versus Park Hotels & Resorts (PK) (americanbankingnews.com)
RLJ Lodging Trust (RLJ) opened at 19.61 on Friday. RLJ Lodging Trust has a 52-week low of $18.92 and a 52-week high of $25.10. The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of 13.52 and a beta of 1.16. The stock has a 50 day moving average of $20.29 and a 200-day moving average of $21.63.
RLJ Lodging Trust (NYSE:RLJ) last posted its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.03. The firm had revenue of $292.28 million during the quarter, compared to the consensus estimate of $293.16 million. RLJ Lodging Trust had a return on equity of 8.16% and a net margin of 16.12%. The company’s quarterly revenue was down 7.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.82 EPS. On average, equities research analysts anticipate that RLJ Lodging Trust will post $0.98 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Wednesday, August 30th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, August 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.49%. RLJ Lodging Trust’s dividend payout ratio is currently 91.03%.
Several research firms have weighed in on RLJ. ValuEngine downgraded shares of RLJ Lodging Trust from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research downgraded shares of RLJ Lodging Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Bank of America Corporation initiated coverage on shares of RLJ Lodging Trust in a report on Monday, August 14th. They set a “neutral” rating and a $22.00 price objective on the stock. Canaccord Genuity reiterated a “hold” rating and issued a $21.00 target price on shares of RLJ Lodging Trust in a report on Monday, August 7th. Finally, Boenning Scattergood reiterated a “sell” rating and issued a $19.50 target price on shares of RLJ Lodging Trust in a report on Wednesday, June 14th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. RLJ Lodging Trust presently has an average rating of “Hold” and a consensus target price of $24.38.
In other news, Director Forgia Robert M. La bought 5,000 shares of the stock in a transaction dated Wednesday, August 16th. The stock was purchased at an average cost of $19.73 per share, for a total transaction of $98,650.00. Following the transaction, the director now owns 37,528 shares of the company’s stock, valued at $740,427.44. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 2.30% of the stock is currently owned by corporate insiders.
RLJ Lodging Trust Company Profile
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.
Receive News & Ratings for RLJ Lodging Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RLJ Lodging Trust and related companies with MarketBeat.com's FREE daily email newsletter.