Last $30.29 USD
Change Today +0.43 / 1.44%
Volume 476.0K
RLJ On Other Exchanges
Symbol
Exchange
New York
As of 10:27 AM 10/21/14 All times are local (Market data is delayed by at least 15 minutes).

rlj lodging trust (RLJ) Snapshot

Open
$30.10
Previous Close
$29.86
Day High
$30.51
Day Low
$30.01
52 Week High
09/8/14 - $30.64
52 Week Low
12/12/13 - $22.57
Market Cap
4.0B
Average Volume 10 Days
1.4M
EPS TTM
$1.00
Shares Outstanding
132.1M
EX-Date
09/26/14
P/E TM
30.3x
Dividend
$1.20
Dividend Yield
3.28%
Current Stock Chart for RLJ LODGING TRUST (RLJ)

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rlj lodging trust (RLJ) Details

RLJ Lodging Trust is an independent equity real estate investment trust. The firm also manages real estate funds. It invests in the real estate markets of the United States. The firm primarily invests in premium-branded, focused service, and compact full-service hotels. RLJ Lodging Trust was launched in 2000 and is domiciled in Bethesda, Maryland.

53 Employees
Last Reported Date: 02/27/14
Founded in 2000

rlj lodging trust (RLJ) Top Compensated Officers

Co-Founder, Chief Executive Officer, Presiden...
Total Annual Compensation: $816.3K
Co-Founder and Executive Chairman
Total Annual Compensation: $369.5K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $420.6K
Chief Investment Officer And Executive Vice P...
Total Annual Compensation: $468.6K
Compensation as of Fiscal Year 2013.

rlj lodging trust (RLJ) Key Developments

RLJ Lodging Trust Acquires DoubleTree Grand Key Resort for $77 Million

RLJ Lodging Trust announced that it has acquired the 215-room DoubleTree Grand Key Resort located in Key West, FL for a purchase price of $77.0 million, or approximately $358,000 per key.

RLJ Lodging Trust Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Full Year of 2014

RLJ Lodging Trust announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenue of $295,047,000 against $260,823,000 a year ago. Operating income was $65,370,000 against $55,370,000 a year ago. Income from continuing operations before income tax expense was $52,595,000 against $38,916,000 a year ago. Income from continuing operations was $52,101,000 against $38,571,000 a year ago. Net income attributable to common shareholders was $52,904,000 against $40,510,000 a year ago. Net income per diluted share attributable to common shareholders was $0.42 against $0.33 a year ago. FFO attributable to common shareholders was $87,398,000 against $70,150,000 a year ago. Adjusted FFO was $93,629,000 against $74,750,000 a year ago. Adjusted FFO per common share and diluted unit was $0.74 against $0.61 a year ago. EBITDA was $102,654,000 against $89,881,000 a year ago. Adjusted EBITDA was $107,625,000 against $92,056,000 a year ago. Pro forma consolidated Hotel EBITDA increased 8.9% to $114.6 million. For the six months, the company reported total revenue of $531,420,000 against $475,693,000 a year ago. Operating income was $94,419,000 against $80,898,000 a year ago. Income from continuing operations before income tax expense was $67,431,000 against $47,945,000 a year ago. Income from continuing operations was $66,643,000 against $47,374,000 a year ago. Net income attributable to common shareholders was $64,836,000 against $49,003,000 a year ago. Net income per diluted share attributable to common shareholders was $0.52 against $0.43 a year ago. FFO attributable to common shareholders was $134,803,000 against $110,096,000 a year ago. Adjusted FFO was $147,164,000 against $118,812,000 a year ago. Adjusted FFO per common share and diluted unit was $1.17 against $1.03 a year ago. EBITDA was $162,434,000 against $147,080,000 a year ago. Adjusted EBITDA was $175,019,000 against $153,371,000 a year ago. Pro forma Consolidated Hotel EBITDA increased $12.5 million to $194.0 million, representing a 6.9% increase over the comparable period in 2013. Net cash flow from operating activities totaled $132.0 million compared to $99.7 million for the comparable period in 2013. The company announced that for the full year 2014, it now updated guidance and expects pro forma RevPAR growth of 5.0% to 7.0% and pro forma consolidated hotel EBITDA of $380.0 million to $400.0 million.

RLJ Lodging Trust Declares Third Quarter Dividend, Payable on October 15, 2014

RLJ Lodging Trust announced that its Board of Trustees declared regular quarterly cash dividend of $0.30 per common share of beneficial interest. The dividend is payable on October 15, 2014, to shareholders of record as of September 30, 2014. The company's third quarter dividend represents an increase of $0.08, or 36% to the prior quarter's regular cash dividend.

 

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RLJ

Industry Average

Valuation RLJ Industry Range
Price/Earnings 29.7x
Price/Sales 3.6x
Price/Book 1.6x
Price/Cash Flow 15.0x
TEV/Sales 1.9x
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