RLJ Lodging Trust (NYSE:RLJ) Announces Earnings Results

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

RLJ Lodging Trust Trading Up 2.9 %

RLJ Lodging Trust stock traded up $0.21 during midday trading on Friday, hitting $7.39. 3,348,252 shares of the stock were exchanged, compared to its average volume of 1,843,244. RLJ Lodging Trust has a 52 week low of $6.16 and a 52 week high of $10.84. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $1.12 billion, a PE ratio of 25.48, a P/E/G ratio of 2.87 and a beta of 1.50. The company has a fifty day simple moving average of $7.67 and a two-hundred day simple moving average of $9.07.

RLJ Lodging Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.15 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.12%. RLJ Lodging Trust's dividend payout ratio (DPR) is presently 222.22%.

Insiders Place Their Bets

In other RLJ Lodging Trust news, Director Patricia L. Gibson acquired 10,000 shares of the business's stock in a transaction dated Friday, March 28th. The shares were acquired at an average price of $8.03 per share, for a total transaction of $80,300.00. Following the acquisition, the director now directly owns 124,217 shares of the company's stock, valued at approximately $997,462.51. This trade represents a 8.76 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.60% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Truist Financial lowered RLJ Lodging Trust from a "buy" rating to a "hold" rating and decreased their price target for the stock from $11.00 to $10.00 in a research report on Friday, March 21st. Wells Fargo & Company reduced their price target on shares of RLJ Lodging Trust from $10.50 to $9.75 and set an "underweight" rating on the stock in a research report on Tuesday, February 18th. StockNews.com upgraded shares of RLJ Lodging Trust from a "sell" rating to a "hold" rating in a research report on Wednesday. Oppenheimer decreased their price target on shares of RLJ Lodging Trust from $12.00 to $11.00 and set an "outperform" rating on the stock in a research note on Thursday. Finally, KeyCorp dropped their price objective on shares of RLJ Lodging Trust from $14.00 to $12.00 and set an "overweight" rating for the company in a research report on Monday, March 24th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $10.68.

About RLJ Lodging Trust

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.