RLJ Lodging Trust (RLJ)
| Market Cap | 1.57B |
| Revenue (ttm) | 1.36B |
| Net Income (ttm) | 44.70M |
| Shares Out | 152.46M |
| EPS (ttm) | 0.29 |
| PE Ratio | 35.67 |
| Forward PE | 93.97 |
| Dividend | $0.45 (4.37%) |
| Ex-Dividend Date | Sep 30, 2024 |
| Volume | 1,520,859 |
| Open | 10.06 |
| Previous Close | 10.12 |
| Day's Range | 10.06 - 10.40 |
| 52-Week Range | 8.74 - 12.39 |
| Beta | 1.72 |
| Analysts | Hold |
| Price Target | 10.92 (+6.12%) |
| Earnings Date | Nov 6, 2024 |
About RLJ
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. [Read more]
Financial Performance
In 2023, RLJ Lodging Trust's revenue was $1.33 billion, an increase of 11.04% compared to the previous year's $1.19 billion. Earnings were $50.41 million, an increase of 205.02%.
Financial StatementsAnalyst Forecast
According to 7 analysts, the average rating for RLJ stock is "Hold." The 12-month stock price forecast is $10.92, which is an increase of 6.12% from the latest price.
News
RLJ Lodging Trust Announces Dividends for Fourth Quarter of 2024
BETHESDA, Md.--(BUSINESS WIRE)--RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced that its Board of Trustees has declared a quarterly cash dividend of $0.15 per common share of beneficial ...
RLJ Lodging Vs Chatham Lodging: Which Is The Better REIT For 2025
RLJ Lodging Trust and Chatham Lodging Trust are REITs focused on hotels in the Sun Belt region. Operating performance at RLJ Lodging is marginally stronger although its sustainability is in doubt give...
November's 5 Dividend Growth Stocks With 4.91%+ Yields
Every month we screen for potential dividend growth opportunities, which can provide some new potential ideas that could otherwise slip by. While we look for more consistent dividend growers with rela...
RLJ Lodging Trust (RLJ) Q3 2024 Earnings Call Transcript
RLJ Lodging Trust (NYSE:RLJ) Q3 2024 Earnings Conference Call November 7, 2024 12:00 PM ET Company Participants Nikhil Bhalla - Senior Vice President Finance and Treasurer Leslie Hale - President and...
RLJ Lodging Trust Reports Third Quarter 2024 Results
BETHESDA, Md.--(BUSINESS WIRE)--RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today reported results for the three and nine months ended September 30, 2024. Third Quarter Highlights Portfolio Comparab...
U.S. REITs Log Dip In Short Interest In September
Average REIT short interest fell 8 basis points in September to 3.7% of shares outstanding, per S&P Global Market Intelligence data. The hotel sector followed with a 60-basis point drop, while the off...
Lock In The 7.5% Dividend Of The Preferred Stock Of RLJ Lodging Trust Before It Falls Further
RLJ Lodging Trust's preferred stock offers a 7.5% yield, down from 8.1%, but remains attractive thanks to the safety of its dividend and potential Fed rate cuts. The REIT owns 96 premium-branded hotel...
RLJ Lodging Trust Announces Dividends for Third Quarter of 2024
BETHESDA, Md.--(BUSINESS WIRE)--RLJ Lodging Trust (the “Company”) (NYSE: RLJ) previously announced in its Q2 2024 Earnings Release that its Board of Trustees had declared a quarterly cash dividend of ...
RLJ Lodging: Deep Value If Recession Fears Are Overblown
RLJ Lodging is a hotel REIT managing 96 premium-branded urban-centric hotels, with the largest markets being Los Angeles/Anaheim and Washington, DC. The REIT has substantially underperformed the Vangu...
RLJ Lodging Trust Sets Dates for Third Quarter 2024 Earnings Release and Conference Call
BETHESDA, Md.--(BUSINESS WIRE)--RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced it will report financial results for the third quarter ended September 30, 2024, after the markets close o...
RLJ Lodging Trust (RLJ) Q2 2024 Earnings Call Transcript
RLJ Lodging Trust (RLJ) Q2 2024 Earnings Call Transcript
RLJ Lodging Trust Acquires Hotel Teatro in Denver
BETHESDA, M.D.--(BUSINESS WIRE)--RLJ Lodging Trust Acquires Hotel Teatro in Denver.
RLJ Lodging Trust Reports Second Quarter 2024 Results
BETHESDA, Md.--(BUSINESS WIRE)--RLJ Lodging Trust Reports Second Quarter 2024 Results.
2 Great Preferred Stocks, +7% Yield, For A Safer Retirement
We discuss three essential criteria for steady passive income from investments. My investment strategy seeks regular and recurring income from lower-risk preferred securities. With fixed income, I am ...
Top 3 Real Estate Stocks You'll Regret Missing In June
The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.
RLJ Lodging Trust Announces Dividends for Second Quarter of 2024
BETHESDA, Md.--(BUSINESS WIRE)--RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced that its Board of Trustees has declared a quarterly cash dividend of $0.10 per common share of beneficial ...
RLJ Lodging Trust: I Don't Mind Locking In A 7.9% Yield
RLJ Lodging Trust's preferred shares are attractive as they cannot be easily called by the issuer. The preferred dividends are well-covered, with a payout ratio of just over 10%. The balance sheet of ...
RLJ Lodging Trust Sets Dates for Second Quarter 2024 Earnings Release and Conference Call
BETHESDA, Md.--(BUSINESS WIRE)--RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced it will report financial results for the second quarter ended June 30, 2024, after the markets close on Au...
Top 5 Real Estate Stocks That Could Lead To Your Biggest Gains This Month
The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.
10 REITs At Mega Discounts To NAV
These REITs have a price-to-NAV range of 0.27x to 0.59x. There may be upside of more than 200% to the NAV estimate, which will probably decline over time. The estimates may be terrible. That's not my ...
RLJ Lodging Trust Reports First Quarter 2024 Results
BETHESDA, Md.--(BUSINESS WIRE)--RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today reported results for the three months ended March 31, 2024. Highlights Portfolio Comparable RevPAR of $137.88; an in...
2 Big Dividends To Buy And Hold Forever
Instead of targeting a nest egg size, we measure retirement readiness by measuring cash flows. The ideal portfolio is a cash machine that never stops producing for you. We explore two picks with up to...
RLJ Lodging Trust: Growing Topline And A Beneficiary Of Lower Rates
RLJ Lodging Trust owns 97 hotels, with a focus on urban hotels in the Sunbelt region. RevPAR grew 9.2% in 2023, with a further increase of 4% expected for 2024. Adjusted FFO per share increased 22.1% ...
RLJ Lodging Trust: I Like The 7.75% Yielding Preferred Shares
RLJ Lodging Trust's Q4 results showed robust FFO and AFFO performance, with an increase in revenue per available room and occupancy. The company's net interest expenses decreased, resulting in a signi...
RLJ Lodging Trust Announces Dividends for First Quarter of 2024
BETHESDA, Md.--(BUSINESS WIRE)--RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced that its Board of Trustees has declared a quarterly cash dividend of $0.10 per common share of beneficial ...