RLJ Lodging Trust (NYSE:RLJ) Posts Earnings Results

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) issued its earnings results on Thursday. The real estate investment trust reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.02, Zacks reports. The firm had revenue of $363.10 million for the quarter, compared to analyst estimates of $365.30 million. RLJ Lodging Trust had a return on equity of 3.01% and a net margin of 4.23%. The firm's revenue for the quarter was down 1.7% on a year-over-year basis. During the same period last year, the company earned $0.51 earnings per share. RLJ Lodging Trust updated its FY 2025 guidance to 1.380-1.580 EPS.

RLJ Lodging Trust Stock Up 2.1%

NYSE:RLJ traded up $0.15 during midday trading on Tuesday, reaching $7.18. 677,894 shares of the stock traded hands, compared to its average volume of 2,093,788. The business has a 50-day moving average of $7.44 and a two-hundred day moving average of $7.92. The stock has a market capitalization of $1.09 billion, a PE ratio of 34.21 and a beta of 1.54. RLJ Lodging Trust has a 12-month low of $6.16 and a 12-month high of $10.84. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.57 and a current ratio of 2.57.

RLJ Lodging Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a dividend of $0.15 per share. The ex-dividend date was Monday, June 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.4%. RLJ Lodging Trust's dividend payout ratio (DPR) is currently 285.71%.

Institutional Investors Weigh In On RLJ Lodging Trust

An institutional investor recently raised its position in RLJ Lodging Trust stock. Amundi lifted its holdings in shares of RLJ Lodging Trust (NYSE:RLJ - Free Report) by 12.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 90,874 shares of the real estate investment trust's stock after acquiring an additional 9,983 shares during the quarter. Amundi owned approximately 0.06% of RLJ Lodging Trust worth $717,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 92.35% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Wells Fargo & Company increased their price target on RLJ Lodging Trust from $6.00 to $7.00 and gave the company an "underweight" rating in a research report on Tuesday, July 1st. Wall Street Zen downgraded RLJ Lodging Trust from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Truist Financial decreased their price target on RLJ Lodging Trust from $10.00 to $7.00 and set a "hold" rating on the stock in a research note on Monday, June 9th. Finally, Oppenheimer cut their price target on RLJ Lodging Trust from $12.00 to $11.00 and set an "outperform" rating on the stock in a research note on Thursday, May 8th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target 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.