$406.24 Million in Sales Expected for RLJ Lodging Trust (RLJ) This Quarter

Analysts expect RLJ Lodging Trust (NYSE:RLJ) to report $406.24 million in sales for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for RLJ Lodging Trust’s earnings. The lowest sales estimate is $366.55 million and the highest is $441.77 million. RLJ Lodging Trust posted sales of $462.49 million during the same quarter last year, which would suggest a negative year over year growth rate of 12.2%. The business is expected to report its next earnings results on Tuesday, February 26th.

According to Zacks, analysts expect that RLJ Lodging Trust will report full year sales of $1.77 billion for the current year, with estimates ranging from $1.73 billion to $1.82 billion. For the next financial year, analysts anticipate that the firm will report sales of $1.75 billion, with estimates ranging from $1.68 billion to $1.85 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover RLJ Lodging Trust.

RLJ Lodging Trust (NYSE:RLJ) last released its earnings results on Tuesday, November 6th. The real estate investment trust reported $0.39 EPS for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.17). The firm had revenue of $447.00 million during the quarter, compared to the consensus estimate of $450.68 million. RLJ Lodging Trust had a net margin of 9.23% and a return on equity of 5.34%. The firm’s revenue was up 31.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.61 EPS.

RLJ has been the topic of a number of recent research reports. TheStreet raised RLJ Lodging Trust from a “c+” rating to a “b-” rating in a research note on Tuesday, September 25th. Robert W. Baird reaffirmed a “buy” rating and set a $24.00 price objective on shares of RLJ Lodging Trust in a research note on Friday. Zacks Investment Research raised RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, September 19th. Wells Fargo & Co reaffirmed a “hold” rating on shares of RLJ Lodging Trust in a research note on Wednesday, November 14th. Finally, Deutsche Bank set a $22.00 price objective on RLJ Lodging Trust and gave the company a “hold” rating in a research note on Thursday, November 8th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. RLJ Lodging Trust currently has an average rating of “Hold” and an average price target of $22.83.

RLJ traded up $0.14 during trading on Friday, reaching $20.34. The stock had a trading volume of 1,263,721 shares, compared to its average volume of 1,045,178. The stock has a market cap of $3.54 billion, a PE ratio of 8.48, a P/E/G ratio of 1.83 and a beta of 1.14. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 0.72. RLJ Lodging Trust has a one year low of $18.67 and a one year high of $23.97.

Large investors have recently made changes to their positions in the company. Paradigm Asset Management Co. LLC bought a new position in shares of RLJ Lodging Trust during the third quarter valued at about $106,000. NN Investment Partners Holdings N.V. purchased a new stake in shares of RLJ Lodging Trust during the third quarter worth about $198,000. Zeke Capital Advisors LLC purchased a new stake in shares of RLJ Lodging Trust during the second quarter worth about $206,000. Panagora Asset Management Inc. boosted its holdings in shares of RLJ Lodging Trust by 56.8% during the third quarter. Panagora Asset Management Inc. now owns 9,472 shares of the real estate investment trust’s stock worth $209,000 after purchasing an additional 3,431 shares during the period. Finally, Truvestments Capital LLC purchased a new stake in shares of RLJ Lodging Trust during the second quarter worth about $235,000. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

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 consists of 154 hotels with approximately 30,000 rooms located in 26 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.

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