RLJ Lodging Trust (RLJ) To Go Ex-Dividend on December 28th

RLJ Lodging Trust (NYSE:RLJ) declared a quarterly dividend on Friday, December 15th, NASDAQ reports. Shareholders of record on Friday, December 29th will be given a dividend of 0.33 per share by the real estate investment trust on Friday, January 12th. This represents a $1.32 annualized dividend and a dividend yield of 5.88%. The ex-dividend date of this dividend is Thursday, December 28th. This is a boost from RLJ Lodging Trust’s previous quarterly dividend of $0.22.

RLJ Lodging Trust has raised its dividend by an average of 17.2% per year over the last three years and has increased its dividend every year for the last 6 years. RLJ Lodging Trust has a dividend payout ratio of 58.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect RLJ Lodging Trust to earn $2.39 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 55.2%.

RLJ Lodging Trust (NYSE RLJ) traded up $0.05 during trading hours on Friday, hitting $22.43. 1,244,269 shares of the company’s stock traded hands, compared to its average volume of 1,465,264. RLJ Lodging Trust has a 12-month low of $19.12 and a 12-month high of $25.01. The firm has a market capitalization of $3,914.49, a P/E ratio of 19.85, a P/E/G ratio of 1.97 and a beta of 1.13. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.06 and a current ratio of 2.06.

RLJ Lodging Trust (NYSE:RLJ) last released its quarterly earnings data on Wednesday, November 8th. The real estate investment trust reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.02. RLJ Lodging Trust had a net margin of 12.30% and a return on equity of 5.80%. The firm had revenue of $341.26 million for the quarter, compared to the consensus estimate of $347.74 million. During the same period in the previous year, the company earned $0.69 earnings per share. The company’s quarterly revenue was up 15.2% on a year-over-year basis. equities research analysts expect that RLJ Lodging Trust will post 2.27 earnings per share for the current year.

RLJ has been the topic of several research reports. Deutsche Bank initiated coverage on shares of RLJ Lodging Trust in a research note on Tuesday, September 19th. They issued a “hold” rating and a $22.00 price target on the stock. SunTrust Banks initiated coverage on shares of RLJ Lodging Trust in a research note on Thursday, October 19th. They issued a “hold” rating and a $22.00 price target on the stock. Canaccord Genuity upgraded shares of RLJ Lodging Trust from a “hold” rating to a “buy” rating and upped their price target for the company from $21.00 to $23.00 in a research note on Friday, September 8th. Barclays initiated coverage on shares of RLJ Lodging Trust in a research note on Friday, October 6th. They issued an “equal weight” rating and a $24.00 price target on the stock. Finally, TheStreet downgraded shares of RLJ Lodging Trust from a “b-” rating to a “c+” rating in a research note on Wednesday, November 8th. Three analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. RLJ Lodging Trust has a consensus rating of “Hold” and a consensus price target of $23.36.

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RLJ Lodging Trust Company Profile

RLJ Lodging Trust is a self-administered real estate investment trust. The Company is engaged in the acquisition of focused-service and compact full-service hotels. As of December 31, 2016, the Company owned 122 hotels with approximately 20,100 rooms, located in 21 states and the District of Columbia, and an interest in one mortgage loan secured by a hotel.

Dividend History for RLJ Lodging Trust (NYSE:RLJ)

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