RLJ Lodging Trust (NYSE:RLJ) – Research analysts at Boenning Scattergood reduced their FY2018 earnings per share (EPS) estimates for RLJ Lodging Trust in a report issued on Tuesday, Zacks Investment Research reports. Boenning Scattergood analyst F. Van. Dijkum now anticipates that the real estate investment trust will post earnings of $2.34 per share for the year, down from their prior forecast of $2.37. Boenning Scattergood also issued estimates for RLJ Lodging Trust’s Q4 2018 earnings at $0.46 EPS.
RLJ Lodging Trust (NYSE:RLJ) last issued its quarterly earnings results on Wednesday, November 8th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.02. RLJ Lodging Trust had a net margin of 1.21% and a return on equity of 0.24%. The company had revenue of $341.26 million during the quarter, compared to analysts’ expectations of $347.74 million. During the same period last year, the company posted $0.69 EPS. RLJ Lodging Trust’s revenue was up 15.2% on a year-over-year basis.
Shares of RLJ Lodging Trust (NYSE:RLJ) traded up $0.44 during midday trading on Wednesday, reaching $22.66. 1,255,411 shares of the company were exchanged, compared to its average volume of 1,204,993. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.06 and a current ratio of 2.06. The stock has a market cap of $3,950.00, a PE ratio of 29.82, a P/E/G ratio of 1.90 and a beta of 1.13. RLJ Lodging Trust has a one year low of $19.12 and a one year high of $24.60.
The business also recently declared a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were paid a $0.33 dividend. The ex-dividend date was Thursday, December 28th. This is a positive change from RLJ Lodging Trust’s previous quarterly dividend of $0.22. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.83%. RLJ Lodging Trust’s payout ratio is currently 173.68%.
Hedge funds have recently made changes to their positions in the company. Allianz Asset Management GmbH grew its stake in shares of RLJ Lodging Trust by 111.2% in the third quarter. Allianz Asset Management GmbH now owns 628,717 shares of the real estate investment trust’s stock worth $13,833,000 after acquiring an additional 330,962 shares during the period. Citigroup Inc. grew its stake in shares of RLJ Lodging Trust by 14.6% in the second quarter. Citigroup Inc. now owns 290,875 shares of the real estate investment trust’s stock worth $5,780,000 after acquiring an additional 36,958 shares during the period. State Street Corp grew its stake in shares of RLJ Lodging Trust by 2.4% in the second quarter. State Street Corp now owns 4,831,260 shares of the real estate investment trust’s stock worth $96,267,000 after acquiring an additional 111,681 shares during the period. Palisade Capital Management LLC NJ grew its stake in shares of RLJ Lodging Trust by 17.1% in the third quarter. Palisade Capital Management LLC NJ now owns 668,960 shares of the real estate investment trust’s stock worth $14,717,000 after acquiring an additional 97,793 shares during the period. Finally, Systematic Financial Management LP grew its stake in shares of RLJ Lodging Trust by 10.6% in the second quarter. Systematic Financial Management LP now owns 81,275 shares of the real estate investment trust’s stock worth $1,615,000 after acquiring an additional 7,760 shares during the period. Hedge funds and other institutional investors own 95.20% of the company’s stock.
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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.
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