RLJ Lodging Trust(NYSE:RLJ) Declares Dividend of $0.3300.

RLJ Lodging Trust (NYSE:RLJ) had declared a cash dividend of $0.3300 on Sep 15, 2016. The shares will quote ex-dividend on Sep 28, 2016 and the record date has been fixed for Sep 30, 2016. On Sep 15, 2016 share price, the yield comes out to be 6.1711%. The dividend payable date has been fixed on Oct 14, 2016.

In a different note, On Aug 8, 2016, Baird said it Downgrades its rating on RLJ Lodging Trust. The shares have been rated ‘Neutral’ by the firm. On Aug 5, 2016, Barclays said it Maintains its rating on RLJ Lodging Trust. In the research note, the firm Lowers the price-target to $24.00 per share. The shares have been rated ‘Underweight’ by the firm. On Jul 15, 2016, Canaccord Genuity said it Downgrades its rating on RLJ Lodging Trust. The shares have been rated ‘Hold’ by the firm.

RLJ Lodging Trust (RLJ) made into the market gainers list on Tuesdays trading session with the shares advancing 0.09% or 0.02 points. Due to strong positive momentum, the stock ended at $21.43, which is also near the day’s high of $21.83. The stock began the session at $21.59 and the volume stood at 19,35,343 shares. The 52-week high of the shares is $27.52 and the 52 week low is $16.15. The company has a current market capitalization of $2,664 M and it has 12,43,24,132 shares in outstanding.

RLJ Lodging Trust(RLJ) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $317.11M. Analysts had an estimated revenue of $318.00M. Earnings per share were $0.47. Analysts had estimated an EPS of $0.46.

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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