RLJ Lodging Trust (NYSE:RLJ) Releases Earnings Results, Beats Expectations By $0.02 EPS

Key Points

• RLJ Lodging Trust reported earnings of $0.48 per share for the quarter, exceeding analyst expectations by $0.02, despite a year-over-year revenue decline of 1.7% to $363.10 million.
• The company declared a quarterly dividend of $0.15, resulting in an annualized dividend yield of 8.2%, with a high payout ratio of 230.77%.
• Analyst ratings for RLJ Lodging Trust are mixed, with a consensus rating of "Hold" and a target price of $9.25, reflecting recent adjustments from various research firms.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) released its quarterly earnings results on Thursday. The real estate investment trust reported $0.48 earnings per share for the quarter, beating analysts' consensus estimates of $0.46 by $0.02, Zacks reports. RLJ Lodging Trust had a return on equity of 3.43% and a net margin of 4.84%. The business had revenue of $363.10 million during the quarter, compared to analyst estimates of $365.30 million. During the same quarter last year, the company posted $0.51 EPS. RLJ Lodging Trust's revenue for the quarter was down 1.7% on a year-over-year basis. RLJ Lodging Trust updated its FY 2025 guidance to 1.380-1.580 EPS.

RLJ Lodging Trust Trading Down 0.1%

NYSE:RLJ opened at $7.32 on Friday. The company's 50 day moving average is $7.46 and its 200-day moving average is $7.99. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 1.18. RLJ Lodging Trust has a 12 month low of $6.16 and a 12 month high of $10.84. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 28.15 and a beta of 1.54.

RLJ Lodging Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a $0.15 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.2%. RLJ Lodging Trust's dividend payout ratio (DPR) is currently 230.77%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in RLJ Lodging Trust stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of RLJ Lodging Trust (NYSE:RLJ - Free Report) by 11.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 993,552 shares of the real estate investment trust's stock after purchasing an additional 103,065 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.65% of RLJ Lodging Trust worth $7,839,000 at the end of the most recent quarter. 92.35% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on RLJ. Wells Fargo & Company lifted their target price on shares of RLJ Lodging Trust from $6.00 to $7.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 1st. Truist Financial cut their price objective on RLJ Lodging Trust from $10.00 to $7.00 and set a "hold" rating for the company in a report on Monday, June 9th. Wall Street Zen lowered RLJ Lodging Trust from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Finally, Oppenheimer dropped their price objective on RLJ Lodging Trust from $12.00 to $11.00 and set an "outperform" rating on the stock in a report on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $9.25.

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.

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