RLJ Stock Recent News

RLJ Lodging (RLJ) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Investors interested in REIT and Equity Trust - Other stocks are likely familiar with RLJ Lodging (RLJ) and Omega Healthcare Investors (OHI). But which of these two stocks is more attractive to value investors?

Get a deeper insight into the potential performance of RLJ Lodging (RLJ) for the quarter ended December 2023 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Investors with an interest in REIT and Equity Trust - Other stocks have likely encountered both RLJ Lodging (RLJ) and Omega Healthcare Investors (OHI). But which of these two stocks offers value investors a better bang for their buck right now?

BETHESDA, Md.--(BUSINESS WIRE)--RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced it will report financial results for the fourth quarter and full year ended December 31, 2023, after the markets close on February 26, 2024. The Company will also host a conference call on February 27, 2024 at 10:00 a.m. (Eastern Time). The Company recommends that you dial in approximately 10 minutes before the call. The conference call can be accessed by dialing (877) 407-3982 or (201) 493-6780 for in.

RLJ Lodging Trust has offered a total return of 15% in the past 15 months, with a recent rally thanks to a dovish stance from the Fed. The REIT owns 96 high-end hotels with lean operating models and generates more than half of its EBITDA in the Sun Belt region. RLJ Lodging Trust is trading at a forward price-to-FFO ratio of only 7.1 and has a healthy balance sheet.

RLJ Lodging's Preferred “A” shares are $2.75 per share undervalued relative to the preferred stocks from Pebblebrook Hotel Trust. I determine this undervaluation by examining the current yields of the preferred stocks as well as the balance sheets. RLJ.PR.A cannot be called at any price, and so, it has unlimited price upside.

RLJ Lodging Trust (NYSE:RLJ ) Q3 2023 Earnings Conference Call November 2, 2023 12:00 PM ET Company Participants Nikhil Bhalla - Senior Vice President, Finance and Treasurer Leslie Hale - President and CEO Sean Mahoney - Executive Vice President and CFO Tom Bardenett - Executive Vice President and COO Conference Call Participants Michael Bellisario - Robert W. Baird Dori Kesten - Wells Fargo William Crow - Raymond James Gregory Miller - Truist Securities Tyler Batory - Oppenheimer Chris Woronka - Deutsche Bank Austin Wurschmidt - KeyBanc Capital Markets Floris Van Dijkum - Compass Point Research Anthony Powell - Barclays Operator Welcome to the RLJ Lodging Trust Third Quarter 2023 Earnings Call.

While the top- and bottom-line numbers for RLJ Lodging (RLJ) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.