Revenue Update on RLJ Lodging Trust(NYSE:RLJ)

RLJ Lodging Trust(NYSE:RLJ) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $317.11M. Analysts estimated a revenue of $318.00M. Earnings per share were $0.47. Analysts had estimated an EPS of $0.46.

In a different note, On Jul 15, 2016, Canaccord Genuity said it Downgrades its rating on RLJ Lodging Trust. The shares have been rated ‘Hold’ by the firm. On May 19, 2016, Bank of America said it Downgrades its rating on RLJ Lodging Trust. The shares have been rated ‘Underperform’ by the firm.

RLJ Lodging Trust (RLJ) remained unchanged at the close of Friday session. Even as the volume increased to 5,22,821 ,the shares failed to make any impression and ended at 0 points or 0.00% at $23.22. The trading session commenced at $23.22 and the stock hit a high of $23.45 and touched $23.095 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $29.28 and the 52-week low is $16.15. The company has a market cap of $2,887 M and has approximately 12,43,24,132 outstanding shares.

Several Insider Transactions has been reported to the SEC. On Aug 1, 2016, Leslie D. Hale (COO and CFO) sold 10,000 shares at $23.62 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.

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