RLJ Lodging Trust (RLJ) Releases Earnings Results, Beats Expectations By $0.02 EPS

RLJ Lodging Trust (RLJ) reported quarterly earnings results on Wednesday, May-4-2016. The company said it had a profit of $0.57 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.55. The company posted revenue of $275.20 million in the period, compared to analysts expectations of $274.19 million. The company’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS.

Many Wall Street Analysts have commented on RLJ Lodging Trust. RLJ Lodging Trust was Downgraded by Raymond James to ” Mkt Perform” on Apr 27, 2016. Shares were Reiterated by Barclays on Mar 9, 2016 to “Underweight” and Lowered the Price Target to $ 24 from a previous price target of $25 .RLJ Lodging Trust was Upgraded by BofA/Merrill to ” Buy” on Feb 17, 2016.

RLJ Lodging Trust opened for trading at $21.18 and hit $21.76 on the upside on Monday, eventually ending the session at $21.76, with a gain of 3.27% or 0.69 points. The heightened volatility saw the trading volume jump to 8,71,908 shares. Company has a market cap of $2,712 M.

In a different news, on Nov 13, 2015, Joseph J Ryan (director) purchased 2,000 shares at $25.37 per share price.

RLJ Lodging Trust is a self-advised and self-administered Maryland real estate investment trust (REIT). The Company is engaged in acquiring full-service hotels. As of December 31 2014 the Company through its wholly owned subsidiaries owned 146 properties which consisted of 144 hotels with approximately 22900 rooms and two planned hotel conversions located in 21 states and the District of Columbia and an interest in one mortgage loan secured by a hotel. The Company’s hotels are located in the New York New York; Chicago Illinois; Austin Texas; Denver-Boulder Colorado; Houston Texas and the Baltimore Maryland-Washington D.C. metropolitan areas. It operates its hotels under various brands with nearly 97% of hotels operating under existing relationships with Marriott Hilton or Hyatt. The Company’s subsidiaries include RLJ LODGING TRUST L.P. RLJ LODGING TRUST LIMITED PARTNER LLC RLJ LODGING ACQUISITIONS LLC and RLJ LODGING TRUST MASTER TRS INC. among others.

RLJ Lodging Trust

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