Revenue Update on RLJ Lodging Trust(NYSE:RLJ)

RLJ Lodging Trust(NYSE:RLJ) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $271.453M. Analysts estimated a revenue of $268.540M. The revenues were 1.08% above the estimates. Earnings per share were $0.61. The reported EPS was above estimates by 205%. Analysts had estimated an EPS of $0.2.

In a different note, Nomura said it Initiates Coverage On RLJ Lodging Trust, according to a research note issued on Dec 14, 2016. In the research note, the firm Announces the price-target to $28 per share. The shares have been rated ‘Buy’ by the firm.

RLJ Lodging Trust (RLJ) shares turned negative on Wednesdays trading session with the shares closing down -0.18 points or -0.76% at a volume of 6,65,968. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $23.59. The peak price level was also seen at $23.59 while the days lowest was $23.055. Finally the shares closed at $23.35. The 52-week high of the shares is $25.1 while the 52-week low is $18.86. According to the latest information available, the market cap of the company is $2,902 M.

Several Insider Transactions has been reported to the SEC. On Dec 13, 2016, Leslie D. Hale (COO and CFO) sold 5,000 shares at $25.00 per share price.Also, 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.

Add Comment