RLJ Lodging Trust (RLJ) to Release Earnings on Tuesday

RLJ Lodging Trust (NYSE:RLJ) is anticipated to post its quarterly earnings results after the market closes on Tuesday, February 25th. Analysts expect RLJ Lodging Trust to post earnings of ($0.03) per share and revenue of $324.66 million for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

RLJ Lodging Trust Stock Performance

Shares of RLJ stock opened at $9.36 on Monday. The company’s fifty day simple moving average is $9.90 and its 200-day simple moving average is $9.63. The company has a market cap of $1.43 billion, a PE ratio of 32.27, a P/E/G ratio of 2.87 and a beta of 1.68. RLJ Lodging Trust has a 52 week low of $8.74 and a 52 week high of $12.39. 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 6.41%. The ex-dividend date of this dividend was Tuesday, December 31st. RLJ Lodging Trust’s payout ratio is 206.90%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company lowered their price target on shares of RLJ Lodging Trust from $10.50 to $9.75 and set an “underweight” rating for the company in a report on Tuesday, February 18th. Truist Financial decreased their price target on shares of RLJ Lodging Trust from $14.00 to $11.00 and set a “buy” rating for the company in a report on Monday, October 28th. StockNews.com upgraded shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, Oppenheimer lifted their price objective on shares of RLJ Lodging Trust from $11.00 to $12.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average 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.