RLJ Lodging Trust (NYSE:RLJ) Issues Quarterly Earnings Results, Beats Expectations By $0.36 EPS

RLJ Lodging Trust (NYSE:RLJ) issued its quarterly earnings data on Tuesday. The real estate investment trust reported $0.33 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.36, Zacks reports. The business had revenue of $329.99 million for the quarter, compared to the consensus estimate of $324.66 million. RLJ Lodging Trust had a return on equity of 3.58% and a net margin of 5.19%. RLJ Lodging Trust updated its FY 2025 guidance to 1.460-1.660 EPS.

RLJ Lodging Trust Stock Up 1.2 %

Shares of NYSE RLJ traded up $0.12 during mid-day trading on Thursday, hitting $9.41. The company had a trading volume of 336,365 shares, compared to its average volume of 1,538,684. The firm has a 50-day simple moving average of $9.83 and a two-hundred day simple moving average of $9.63. The company has a market capitalization of $1.44 billion, a PE ratio of 32.44, a price-to-earnings-growth ratio of 2.87 and a beta of 1.68. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 1.14. RLJ Lodging Trust has a one year low of $8.74 and a one year high of $12.39.

RLJ Lodging Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 6.38%. The ex-dividend date of this dividend was Tuesday, December 31st. RLJ Lodging Trust’s payout ratio is 222.22%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Oppenheimer raised their price objective on RLJ Lodging Trust from $11.00 to $12.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. StockNews.com raised RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, Wells Fargo & Company dropped their price target on 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. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $10.79.

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.