RLJ Lodging Trust (RLJ)
| Market Cap | 1.40B |
| Revenue (ttm) | 1.35B |
| Net Income (ttm) | 40.62M |
| Shares Out | 153.25M |
| EPS (ttm) | 0.26 |
| PE Ratio | 35.36 |
| Forward PE | 91.93 |
| Dividend | $0.45 (4.94%) |
| Ex-Dividend Date | Sep 30, 2024 |
| Volume | 1,119,725 |
| Open | 9.04 |
| Previous Close | 9.10 |
| Day's Range | 8.98 - 9.12 |
| 52-Week Range | 8.79 - 12.39 |
| Beta | 1.70 |
| Analysts | Hold |
| Price Target | 11.67 (+28.1%) |
| 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 $11.67, which is an increase of 28.10% from the latest price.
News
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.
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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...
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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...
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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 ...
RLJ Lodging Trust Announces First Quarter 2024 Earnings Release and Conference Call Dates
BETHESDA, Md.--(BUSINESS WIRE)--RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced it will report financial results for the first quarter ended March 31, 2024, after the markets close on Ma...
2 Great Dividends To Buy And Never Let Go
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RLJ Lodging Trust (RLJ) Q4 2023 Earnings Call Transcript
RLJ Lodging Trust (RLJ) Q4 2023 Earnings Call Transcript
RLJ Lodging Trust Reports Fourth Quarter and Full Year 2023 Results
BETHESDA, Md.--(BUSINESS WIRE)--RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today reported results for the three months and year ended December 31, 2023. Fourth Quarter Highlights Portfolio Comparab...