RLJ Lodging Trust (RLJ) Analysts See $0.57 EPS

October 13, 2017 - By Stephen Andrade

 RLJ Lodging Trust (RLJ) Analysts See $0.57 EPS
Investors sentiment increased to 1.89 in Q2 2017. Its up 0.66, from 1.23 in 2017Q1. It improved, as 16 investors sold RLJ Lodging Trust shares while 46 reduced holdings. 39 funds opened positions while 78 raised stakes. 126.18 million shares or 4.43% more from 120.83 million shares in 2017Q1 were reported.
Kestrel Mgmt Corp reported 2.14% in RLJ Lodging Trust (NYSE:RLJ). Schwab Charles Invest Management stated it has 1.60 million shares or 0.03% of all its holdings. Prudential Financial owns 737,270 shares. Metropolitan Life Insurance Com New York holds 0.01% or 90,725 shares. Ajo Limited Partnership accumulated 3.81 million shares. Savings Bank Of New York Mellon Corp invested in 0.01% or 1.20 million shares. American Gru, New York-based fund reported 76,337 shares. Financial Counselors Inc reported 218,410 shares. Amalgamated Comml Bank owns 15,581 shares or 0.01% of their US portfolio. Menta Capital Ltd Liability holds 0.08% or 34,800 shares. Rhumbline Advisers, Massachusetts-based fund reported 184,294 shares. Exane Derivatives invested in 9 shares. 150,900 were reported by Jacobs Levy Equity Mngmt. Deutsche Savings Bank Ag holds 0.01% or 720,569 shares. Highbridge Lc has 100,640 shares.

Wall Street await RLJ Lodging Trust (NYSE:RLJ) to release earnings on November, 1. Analysts forecast EPS of $0.57, down exactly $0.12 or 17.39 % from 2014’s $0.69 EPS. The expected RLJ’s profit could reach $99.65 million giving the stock 9.86 P/E in the case that $0.57 earnings per share is reported. After posting $0.71 EPS for the previous quarter, RLJ Lodging Trust’s analysts now forecast -19.72 % negative EPS growth. The stock increased 0.45% or $0.1 during the last trading session, reaching $22.48. About 937,160 shares traded. RLJ Lodging Trust (NYSE:RLJ) has risen 6.15% since October 14, 2016 and is uptrending. It has underperformed by 10.55% the S&P500.

RLJ Lodging Trust (NYSE:RLJ) Ratings Coverage

Among 17 analysts covering RLJ Lodging Trust (NYSE:RLJ), 8 have Buy rating, 2 Sell and 7 Hold. Therefore 47% are positive. RLJ Lodging Trust had 40 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of RLJ Lodging Trust (NYSE:RLJ) earned “Underperform” rating by Bank of America on Thursday, May 19. Compass Point maintained the stock with “Buy” rating in Friday, August 7 report. On Friday, October 6 the stock rating was reinitiated by Barclays Capital with “Equal Weight”. Raymond James downgraded RLJ Lodging Trust (NYSE:RLJ) on Wednesday, April 27 to “Market Perform” rating. As per Tuesday, September 19, the company rating was initiated by Deutsche Bank. On Wednesday, December 14 the stock rating was initiated by Instinet with “Buy”. The rating was maintained by Robert W. Baird on Wednesday, September 20 with “Hold”. On Monday, August 7 the stock rating was maintained by Boenning & Scattergood with “Sell”. Compass Point maintained the shares of RLJ in report on Friday, November 6 with “Buy” rating. The firm earned “Underweight” rating on Friday, December 18 by Barclays Capital.

RLJ Lodging Trust is a self-administered real estate investment trust. The company has market cap of $3.93 billion. The Firm is engaged in the acquisition of focused-service and compact full-service hotels. It has a 20.87 P/E ratio. As of December 31, 2016, the Company owned 122 hotels with approximately 20,100 rooms, located in 21 states and the District of Columbia, and an interest in one mortgage loan secured by a hotel.

More important recent RLJ Lodging Trust (NYSE:RLJ) news were published by: Businesswire.com which released: “RLJ Lodging Trust Names Thomas J. Bardenett Executive Vice President of Asset …” on September 15, 2017, also Streetinsider.com published article titled: “Deutsche Bank Starts RLJ Lodging Trust (RLJ) at Hold, Has To Prove Itself Post …”, Dividend.com published: “RLJ Lodging Trust Sees a 50% Decrease in Dividend” on September 26, 2017. More interesting news about RLJ Lodging Trust (NYSE:RLJ) was released by: Streetinsider.com and their article: “Barclays Reinstates RLJ Lodging Trust (RLJ) at Equalweight Following …” with publication date: October 06, 2017.

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