RLJ Lodging Trust (RLJ) reported quarterly earnings results on Wednesday, Aug-3-2016. The company reported $0.82 EPS for the quarter. Analysts had a consensus estimate of $0.82. The company posted revenue of $317.11 million in the period, compared to analysts expectations of $317.18 million. The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 EPS.
Many Wall Street Analysts have commented on RLJ Lodging Trust. Canaccord Genuity Downgraded RLJ Lodging Trust on Jul 15, 2016 to ” Hold”, Price Target of the shares are set at $25.RLJ Lodging Trust was Downgraded by BofA/Merrill to ” Underperform” on May 19, 2016.
RLJ Lodging Trust closed down -0.45 points or -1.89% at $23.34 with 12,84,667 shares getting traded on Tusday. Post opening the session at $23.71, the shares hit an intraday low of $23.15 and an intraday high of $23.96 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
In a different news, on Aug 1, 2016, Leslie D. Hale (COO and CFO) sold 10,000 shares at $23.62 per share price. According to the SEC, 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.