RLJ Lodging: Deep Value If Recession Fears Are Overblown [Seeking Alpha]
RLJ Lodging Trust Common Shares of Beneficial Interest $0.01 par value (RLJ)
Last rlj lodging trust common shares of beneficial interest $0.01 par value earnings: 2/25 04:30 pm
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US:NYSE Investor Relations:
investor.rljlodgingtrust.com
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Source: Seeking Alpha
Follow Summary RLJ Lodging is a hotel REIT managing 96 premium-branded urban-centric hotels, with the largest markets being Los Angeles/Anaheim and Washington, DC. The REIT has substantially underperformed the Vanguard Real Estate Index Fund ETF so far in 2024, delivering a 19% loss. The Q2 2024 results were mixed as robust RevPAR growth was offset by elevated expense growth, ultimately resulting in lower Adjusted FFO. The REIT remains attractively valued from an adjusted FFO multiple and market-implied cap rate perspective, and will benefit from Fed rate cuts thanks to 29% floating rate debt. Key risks to consider include a potential recession in the US, RevPAR growth driven by occupancy, and slower Fed rate cuts. Davel5957/E+ via Getty Images Introduction RLJ Lodging Trust ( NYSE: RLJ ) has substantially underperformed the Vanguard Real Estate Index Fund ETF Shares ( VNQ ) so far in 2024, delivering an almost 19% loss against the ~10% total return for the benchmar
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High impacting RLJ Lodging Trust Common Shares of Beneficial Interest $0.01 par value news events
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RLJ
News
- RLJ Lodging Trust (NYSE: RLJ) had its price target raised by analysts at Oppenheimer Holdings Inc. from $11.00 to $12.00. They now have an "outperform" rating on the stock.MarketBeat
- RLJ Lodging Trust (RLJ) Q3 2024 Earnings Call Highlights: Strong RevPAR Growth and Strategic ... [Yahoo! Finance]Yahoo! Finance
- RLJ Lodging (RLJ) Surpasses Q3 FFO and Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- RLJ Lodging Trust Reports Third Quarter 2024 ResultsBusiness Wire
- RLJ Lodging Trust (NYSE: RLJ) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
RLJ
Earnings
- 11/6/24 - Beat
RLJ
Sec Filings
- 11/7/24 - Form 10-Q
- 11/6/24 - Form 8-K
- 10/18/24 - Form SC
- RLJ's page on the SEC website