RLJ Lodging Trust (NYSE:RLJ) announced a quarterly dividend on Tuesday, September 15th, Zacks reports. Shareholders of record on Wednesday, September 30th will be paid a dividend of 0.01 per share by the real estate investment trust on Thursday, October 15th. This represents a $0.04 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date is Tuesday, September 29th.
Shares of NYSE RLJ opened at $10.20 on Wednesday. The company has a debt-to-equity ratio of 1.01, a current ratio of 5.32 and a quick ratio of 5.32. The company has a 50-day moving average price of $9.21 and a 200-day moving average price of $9.17. The stock has a market capitalization of $1.68 billion, a P/E ratio of -16.19 and a beta of 1.79. RLJ Lodging Trust has a 1 year low of $3.88 and a 1 year high of $18.17.
RLJ Lodging Trust (NYSE:RLJ) last released its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported ($0.74) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.03). The company had revenue of $32.59 million for the quarter, compared to analyst estimates of $37.69 million. RLJ Lodging Trust had a negative net margin of 7.60% and a negative return on equity of 2.80%. RLJ Lodging Trust’s revenue for the quarter was down 92.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.69 EPS. As a group, equities research analysts anticipate that RLJ Lodging Trust will post -0.9 earnings per share for the current fiscal year.
About RLJ Lodging Trust
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 consists of 150 hotels with approximately 28,600 rooms, located in 25 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.
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