RLJ Lodging Trust (NYSE:RLJ) Issues Quarterly Earnings Results

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) announced its quarterly earnings results on Monday. The real estate investment trust reported $0.31 EPS for the quarter, beating the consensus estimate of $0.30 by $0.01, Zacks reports. The company had revenue of $328.12 million for the quarter, compared to the consensus estimate of $328.08 million. RLJ Lodging Trust had a return on equity of 3.58% and a net margin of 5.19%. The company's revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.33 earnings per share. RLJ Lodging Trust updated its FY 2025 guidance to 1.380-1.580 EPS.

RLJ Lodging Trust Price Performance

RLJ traded up $0.12 during midday trading on Wednesday, reaching $7.09. 6,306,413 shares of the company's stock were exchanged, compared to its average volume of 1,825,694. RLJ Lodging Trust has a one year low of $6.16 and a one year high of $10.84. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 24.45, a price-to-earnings-growth ratio of 2.87 and a beta of 1.50. The business has a 50-day simple moving average of $7.76 and a two-hundred day simple moving average of $9.09. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 1.14.

RLJ Lodging Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 8.46%. The ex-dividend date of this dividend was Monday, March 31st. RLJ Lodging Trust's dividend payout ratio (DPR) is presently 222.22%.

Insider Activity at RLJ Lodging Trust

In other RLJ Lodging Trust news, Director Patricia L. Gibson bought 10,000 shares of RLJ Lodging Trust stock in a transaction dated Friday, March 28th. The shares were acquired at an average cost of $8.03 per share, with a total value of $80,300.00. Following the acquisition, the director now directly owns 124,217 shares of the company's stock, valued at $997,462.51. The trade was a 8.76 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

RLJ has been the topic of a number of recent analyst reports. KeyCorp dropped their price objective on RLJ Lodging Trust from $14.00 to $12.00 and set an "overweight" rating on the stock in a research note on Monday, March 24th. StockNews.com upgraded RLJ Lodging Trust from a "sell" rating to a "hold" rating in a report on Wednesday. Wells Fargo & Company lowered their price objective on shares of RLJ Lodging Trust from $10.50 to $9.75 and set an "underweight" rating on the stock in a research note on Tuesday, February 18th. Finally, Truist Financial cut shares of RLJ Lodging Trust from a "buy" rating to a "hold" rating and cut their target price for the company from $11.00 to $10.00 in a research note on Friday, March 21st. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $10.82.

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.