Media coverage about RLJ Lodging Trust (NYSE:RLJ) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. RLJ Lodging Trust earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 46.0516582104034 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the headlines that may have effected Accern’s analysis:
- RLJ Lodging Trust (RLJ) Research Coverage Started at Barclays PLC (americanbankingnews.com)
- RLJ Lodging Trust (RLJ) Given Average Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- RLJ Lodging Trust (RLJ) & Hersha Hospitality Trust (HT) Financial Comparison (americanbankingnews.com)
- Analysts Anticipate RLJ Lodging Trust (RLJ) Will Announce Earnings of $0.61 Per Share (americanbankingnews.com)
Shares of RLJ Lodging Trust (NYSE RLJ) opened at 21.86 on Wednesday. RLJ Lodging Trust has a 12 month low of $18.92 and a 12 month high of $25.10. The company has a market capitalization of $2.71 billion, a PE ratio of 15.08 and a beta of 1.17. The firm has a 50-day moving average price of $21.18 and a 200-day moving average price of $21.13.
RLJ Lodging Trust (NYSE:RLJ) last announced its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.03. The firm had revenue of $292.28 million during the quarter, compared to analysts’ expectations 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 previous year, the firm earned $0.82 EPS. On average, equities research analysts predict that RLJ Lodging Trust will post $1.19 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Wednesday, August 30th were issued a $0.22 dividend. The ex-dividend date of this dividend was Monday, August 28th. This represents a $0.88 annualized dividend and a yield of 4.03%. RLJ Lodging Trust’s dividend payout ratio is presently 30.34%.
A number of research analysts recently commented on the company. ValuEngine upgraded RLJ Lodging Trust from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Barclays PLC assumed coverage on RLJ Lodging Trust in a research note on Friday, October 6th. They issued an “equal weight” rating and a $24.00 target price for the company. Robert W. Baird restated a “hold” rating and issued a $23.00 target price on shares of RLJ Lodging Trust in a research note on Thursday, September 21st. Deutsche Bank AG assumed coverage on RLJ Lodging Trust in a research note on Tuesday, September 19th. They issued a “hold” rating and a $22.00 target price for the company. Finally, Boenning Scattergood restated a “sell” rating and issued a $19.50 target price on shares of RLJ Lodging Trust in a research note on Wednesday, June 14th. Two analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $24.18.
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In related news, Director Forgia Robert M. La acquired 5,000 shares of the company’s stock in a transaction on Wednesday, August 16th. The stock was purchased at an average cost of $19.73 per share, with a total value of $98,650.00. Following the acquisition, the director now directly owns 37,528 shares of the company’s stock, valued at $740,427.44. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Nathaniel A. Davis sold 10,000 shares of RLJ Lodging Trust stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $20.11, for a total value of $201,100.00. Following the completion of the transaction, the director now directly owns 72,928 shares of the company’s stock, valued at $1,466,582.08. The disclosure for this sale can be found here. 2.30% of the stock is owned by 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.
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