RLJ Lodging Trust (RLJ) Getting Somewhat Positive News Coverage, Analysis Shows

News headlines about RLJ Lodging Trust (NYSE:RLJ) have been trending somewhat positive on Wednesday, according to Accern Sentiment. The research firm scores the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. RLJ Lodging Trust earned a daily sentiment score of 0.24 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 45.3567399071838 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the news headlines that may have effected Accern’s rankings:

RLJ Lodging Trust (NYSE:RLJ) traded up $0.08 during midday trading on Wednesday, hitting $22.61. 1,750,000 shares of the stock traded hands, compared to its average volume of 1,360,000. RLJ Lodging Trust has a one year low of $19.12 and a one year high of $25.01. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $3,950.00, a price-to-earnings ratio of 29.75, a P/E/G ratio of 1.98 and a beta of 1.13.

RLJ Lodging Trust (NYSE:RLJ) last posted its quarterly earnings results on Wednesday, November 8th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $341.26 million for the quarter, compared to analyst estimates of $347.74 million. During the same quarter in the previous year, the firm posted $0.69 earnings per share. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. equities research analysts expect that RLJ Lodging Trust will post 2.27 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be given a $0.33 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.32 annualized dividend and a dividend yield of 5.84%. This is a positive change from RLJ Lodging Trust’s previous quarterly dividend of $0.22. RLJ Lodging Trust’s payout ratio is 57.89%.

A number of research analysts have weighed in on RLJ shares. Deutsche Bank started coverage on shares of RLJ Lodging Trust in a research note on Tuesday, September 19th. They issued a “hold” rating and a $22.00 target price on the stock. SunTrust Banks started coverage on shares of RLJ Lodging Trust in a research note on Thursday, October 19th. They issued a “hold” rating and a $22.00 target price on the stock. Zacks Investment Research cut shares of RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, December 6th. Canaccord Genuity upgraded shares of RLJ Lodging Trust from a “hold” rating to a “buy” rating and boosted their target price for the company from $21.00 to $23.00 in a research note on Friday, September 8th. Finally, Barclays started coverage on shares of RLJ Lodging Trust in a research report on Friday, October 6th. They issued an “equal weight” rating and a $24.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average 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.

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