RLJ Lodging Trust (NYSE:RLJ) announced a quarterly dividend on Tuesday, September 15th, Zacks reports. Stockholders of record on Wednesday, September 30th will be paid a dividend of 0.01 per share by the real estate investment trust on Thursday, October 15th. This represents a $0.04 annualized dividend and a dividend yield of 0.40%. The ex-dividend date of this dividend is Tuesday, September 29th.
NYSE:RLJ traded down $0.19 during mid-day trading on Wednesday, hitting $10.01. The company’s stock had a trading volume of 183 shares, compared to its average volume of 2,380,246. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of -16.19 and a beta of 1.79. The company has a current ratio of 5.32, a quick ratio of 5.32 and a debt-to-equity ratio of 1.01. RLJ Lodging Trust has a fifty-two week low of $3.88 and a fifty-two week high of $18.17. The stock has a fifty day moving average of $9.21 and a 200-day moving average of $9.17.
RLJ Lodging Trust (NYSE:RLJ) last released its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported ($0.74) earnings per share for the quarter, missing the consensus estimate of ($0.71) by ($0.03). RLJ Lodging Trust had a negative net margin of 7.60% and a negative return on equity of 2.80%. The company had revenue of $32.59 million during the quarter, compared to the consensus estimate of $37.69 million. During the same quarter in the prior year, the company posted $0.69 earnings per share. The company’s revenue for the quarter was down 92.7% on a year-over-year basis. On average, equities analysts anticipate that RLJ Lodging Trust will post -0.9 earnings per share for the current fiscal year.
RLJ has been the subject of several recent analyst reports. Wells Fargo & Company dropped their price objective on RLJ Lodging Trust from $15.00 to $9.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 22nd. Capital One Financial upgraded shares of RLJ Lodging Trust from an “equal weight” rating to an “overweight” rating and set a $11.50 target price for the company in a research report on Monday, June 29th. ValuEngine upgraded shares of RLJ Lodging Trust from a “hold” rating to a “buy” rating in a research report on Tuesday, August 4th. Robert W. Baird lowered shares of RLJ Lodging Trust from an “outperform” rating to a “neutral” rating and set a $13.00 price objective for the company. in a report on Wednesday, June 10th. They noted that the move was a valuation call. Finally, Barclays boosted their target price on RLJ Lodging Trust from $9.00 to $11.00 and gave the stock an “equal weight” rating in a report on Monday, June 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $10.93.
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 consists of 150 hotels with approximately 28,600 rooms, located in 25 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.
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