RLJ Lodging Trust (NYSE:RLJ - Get Free Report) is expected to be releasing its earnings data 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. Persons interested in listening to the company's earnings conference call can do so using this link.
RLJ Lodging Trust Price Performance
RLJ Lodging Trust stock traded down $0.22 during midday trading on Friday, reaching $9.36. 2,297,168 shares of the company were exchanged, compared to its average volume of 1,476,922. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 32.27, a P/E/G ratio of 2.88 and a beta of 1.68. The firm's 50-day simple moving average is $9.90 and its 200-day simple moving average is $9.62. RLJ Lodging Trust has a 1 year low of $8.74 and a 1 year high of $12.39. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.74 and a current ratio of 2.74.
RLJ Lodging Trust Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 6.41%. The ex-dividend date was Tuesday, December 31st. RLJ Lodging Trust's dividend payout ratio (DPR) is 206.90%.
Analyst Ratings Changes
RLJ has been the subject of several recent analyst reports. Truist Financial lowered their price target on RLJ Lodging Trust from $14.00 to $11.00 and set a "buy" rating for the company in a report on Monday, October 28th. Oppenheimer lifted their price target on RLJ Lodging Trust from $11.00 to $12.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th. StockNews.com upgraded RLJ Lodging Trust from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Finally, Wells Fargo & Company reduced their price objective on RLJ Lodging Trust from $10.50 to $9.75 and set an "underweight" rating on the stock in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $10.79.
Check Out Our Latest Research Report on RLJ Lodging Trust
About RLJ Lodging Trust
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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.
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