10-May-2024
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RLJ Lodging Trust Reports First Quarter 2024 Results
Business Wire (Wed, 1-May 5:00 PM ET)
RLJ Lodging Trust Announces Dividends for First Quarter of 2024
Business Wire (Fri, 15-Mar 9:00 AM ET)
RLJ Lodging Trust Announces First Quarter 2024 Earnings Release and Conference Call Dates
Business Wire (Tue, 12-Mar 9:00 AM ET)
RLJ Lodging Trust Reports Fourth Quarter and Full Year 2023 Results
Business Wire (Mon, 26-Feb 4:30 PM ET)
Business Wire (Tue, 20-Feb 1:10 PM ET)
RLJ Lodging Trust is a real estate investment trust that acquires focused-service and compact full-service hotels. Its portfolio consists of hotels in various states across the United States and the District of Columbia. Its hotels are under the Marriott, Hilton, and Hyatt brand names. These hotels are concentrated in urban areas, dense suburban markets, and business districts within metropolitan areas. Its revenue streams include hotel operations revenue, which is composed of the sale of rooms, food, and beverages, and other property revenue. The company derives the substantial majority of its revenue from the operation of hotels.
RLJ Lodging Trust Common Shares Of Beneficial Interest $0.01 Par Value trades on the NYSE stock market under the symbol RLJ.
As of May 10, 2024, RLJ stock price declined to $10.33 with 1,153,172 million shares trading.
RLJ has a beta of 1.00, meaning it tends to be more sensitive to market movements. RLJ has a correlation of 0.24 to the broad based SPY ETF.
RLJ has a market cap of $1.72 billion. This is considered a Small Cap stock.
Last quarter RLJ Lodging Trust Common Shares Of Beneficial Interest $0.01 Par Value reported $324 million in Revenue and -$.01 earnings per share. This fell short of revenue expectation by $-150,000 and met earnings estimates .
In the last 3 years, RLJ stock traded as high as $16.66 and as low as $9.07.
The top ETF exchange traded funds that RLJ belongs to (by Net Assets): VNQ, VTI, VB, IWM, VXF.
RLJ has underperformed the market in the last year with a price return of -1.8% while the SPY ETF gained +27.8%. RLJ has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -10.7% and -7.0%, respectively, while the SPY returned +4.2% and +2.5%, respectively.
RLJ support price is $10.20 and resistance is $10.56 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RLJ stock will trade within this expected range on the day.