RLJ Lodging Trust reports results for the quarter ended June 30 - Earnings Summary

• RLJ Lodging Trust RLJ.N reported quarterly adjusted earnings of 15 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 20 cents. The mean expectation of six analysts for the quarter was for earnings of 10 cents per share. Wall Street expected results to range from zero cents to 14 cents per share.

• Revenue fell 1.7% to $363.10 million from a year ago; analysts expected $364.94 million.

• RLJ Lodging Trust's reported EPS for the quarter was 15 cents​.

• The company reported quarterly net income of $22.17 million.

• RLJ Lodging Trust shares had risen by 1.2% this quarter and lost 27.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 6.3% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy," 5 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the specialized reits peer group is "buy."

• Wall Street's median 12-month price target for RLJ Lodging Trust is $9.50, about 22.4% above its last closing price of $7.37

This summary was machine generated from LSEG data August 8 at 01:44 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)