RLJ Lodging Trust

RLJ

US74965L1017

Specialized REITs

Market Closed - Nyse Other stock markets 01:30:02 09/05/2024 am IST			5-day change	1st Jan Change
10.38 ^USD	-2.63%		-5.29%	-11.43%

02/05	Transcript : RLJ Lodging Trust, Q1 2024 Earnings Call, May 02, 2024
02/05	RLJ Lodging Trust Q1 Adjusted FFO Falls, Revenue Increases	MT

RLJ Lodging Trust Reports Earnings Results for the First Quarter Ended March 31, 2023

May 05, 2023 at 02:00 am IST

RLJ Lodging Trust reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 260.83 million compared to USD 205.78 million a year ago. Revenue was USD 314.5 million compared to USD 242.9 million a year ago.

Net income was USD 10.65 million compared to net loss of USD 15.25 million a year ago. Basic earnings per share from continuing operations was USD 0.03 compared to basic loss per share from continuing operations of USD 0.13 a year ago. Diluted earnings per share from continuing operations was USD 0.03 compared to diluted loss per share from continuing operations of USD 0.13 a year ago.

Latest news about RLJ Lodging Trust

Transcript : RLJ Lodging Trust, Q1 2024 Earnings Call, May 02, 2024	02/05
RLJ Lodging Trust Q1 Adjusted FFO Falls, Revenue Increases	02/05	MT
RLJ Lodging Trust Reports Earnings Results for the First Quarter Ended March 31, 2024	02/05	CI
Earnings Flash (RLJ) RLJ LODGING TRUST Posts Q1 Revenue $324.4M	02/05	MT
Lodging REIT Quarterly Results Likely Benefitted From Upper Upscale Chain Strength, Oppenheimer Says	05/04	MT
RLJ Lodging Trust Keeps Quarterly Dividend at $0.10 a Share, Payable April 15 to Shareholders of Record March 29	15/03	MT
Rlj Lodging Trust Declares Quarterly Cash Dividend on Common Share of Beneficial Interest, Payable on April 15, 2024	15/03	CI
Oppenheimer Adjusts RLJ Lodging Trust Price Target to $15 From $14, Maintains Outperform Rating	29/02	MT
Tranche Update on RLJ Lodging Trust's Equity Buyback Plan announced on May 4, 2023.	28/02	CI
Transcript : RLJ Lodging Trust, Q4 2023 Earnings Call, Feb 27, 2024	27/02
RLJ Lodging Q4 Adjusted Funds From Operations, Revenue Increase; 2024 Outlook Set	27/02	MT
Earnings Flash (RLJ) RLJ LODGING TRUST Reports Q4 Revenue $319.7M	27/02	MT
RLJ Lodging Trust Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023	27/02	CI
RLJ Lodging Trust acquired Wyndham Boston Beacon Hill for approximately $130 million.	26/02	CI
UBS Trims RLJ Lodging Trust Price Target to $115 From $116, Maintains Neutral Rating	25/01	MT
Wolfe Research Starts RLJ Lodging Trust With Outperform Rating, $15 Price Target	10/01	MT
Oppenheimer Ups Price Target on RLJ Lodging Trust to $14 From $13, Maintains Outperform Rating	05/01	MT
Truist Securities Adjusts RLJ Lodging Trust's Price Target to $14 From $13, Keeps Buy Rating	22/12	MT
Wells Fargo Raises Price Target on RLJ Lodging Trust to $12.50 From $11, Maintains Equalweight Rating	22/12	MT
RLJ Lodging Trust Keeps Quarterly Dividend at $0.10 a Share; Payable Jan. 16 to Shareholders of Record as of Dec. 29	16/12	MT
North American Morning Briefing : Stock Futures -2-	29/11	DJ
Oppenheimer Upgrades RLJ Lodging Trust to Outperform From Perform, $13 Price Target	28/11	MT
Transcript : RLJ Lodging Trust, Q3 2023 Earnings Call, Nov 02, 2023	02/11
Tranche Update on RLJ Lodging Trust's Equity Buyback Plan announced on May 4, 2023.	02/11	CI
Earnings Flash (RLJ) RLJ LODGING TRUST Posts Q3 Revenue $334.4M	02/11	MT

Chart RLJ Lodging Trust

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Company Profile

RLJ Lodging Trust is a self-advised and self-administered real estate investment trust that owns primarily premium-branded, rooms-oriented, focused-service and compact full-service hotels. The Company's portfolio 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. Its brand affiliations consist of Marriott, which includes Courtyard, Residence Inn, Marriott, Fairfield Inn & Suites, Renaissance, SpringHill Suites, AC Hotel, Moxy and Tribute Portfolio; Hilton, which includes Embassy Suites, Hilton Garden Inn, DoubleTree/DoubleTree Suites by Hilton, Hampton Inn/Hampton Inn & Suites, Curio Collection, Homewood Suites, Hilton and Tapestry Collection; Hyatt, which includes Hyatt House, Hyatt Place and Hyatt Centric, and Wyndham. The Company's hotel properties include Embassy Suites Milpitas Silicon Valley, Hyatt House San Ramon and Moxy Denver Cherry Creek.

Sector

Specialized REITs

Calendar

01/08/2024 - Q2 2024 Earnings Release (Projected)

Related indices

Russell 2000

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Ratings for RLJ Lodging Trust

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

10.38 USD

Average target price

14.25 USD

Spread / Average Target

+37.28%

Consensus

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Quarterly earnings - Rate of surprise

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