RLJ Lodging Trust (NYSE:RLJ - Get Free Report) is anticipated to issue its quarterly earnings data after the market closes on Tuesday, February 25th. Analysts expect the company to announce earnings of ($0.03) per share and revenue of $324.53 million for the quarter. Parties interested in registering for the company's conference call can do so using this link.
RLJ stock opened at $9.57 on Tuesday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.74 and a current ratio of 2.74. The business has a 50-day simple moving average of $9.97 and a two-hundred day simple moving average of $9.61. The company has a market capitalization of $1.47 billion, a P/E ratio of 32.98 and a beta of 1.68. RLJ Lodging Trust has a 52-week low of $8.74 and a 52-week high of $12.39.
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.60 annualized dividend and a dividend yield of 6.27%. RLJ Lodging Trust's payout ratio is 206.90%.
Several equities analysts have weighed in on the company. Truist Financial dropped their price objective on RLJ Lodging Trust from $14.00 to $11.00 and set a "buy" rating on the stock in a research note on Monday, October 28th. Wells Fargo & Company raised their price target on shares of RLJ Lodging Trust from $10.00 to $10.50 and gave the company an "underweight" rating in a research report on Monday, December 9th. StockNews.com raised shares of RLJ Lodging Trust from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Finally, Oppenheimer lifted their target price on shares of RLJ Lodging Trust from $11.00 to $12.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $10.92.
Read Our Latest Analysis on 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 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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