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RLJ Lodging Trust

NYSE:RLJ
Snowflake Description

Average dividend payer and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RLJ
NYSE
$3B
Imp Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust that owns primarily premium-branded, high-margin, focused-service and compact full-service hotels. The last earnings update was 18 days ago. More info.


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RLJ Share Price and Events
7 Day Returns
-0.2%
NYSE:RLJ
0.1%
US REITs
-1.4%
US Market
1 Year Returns
-20.6%
NYSE:RLJ
13.9%
US REITs
1.6%
US Market
RLJ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
RLJ Lodging Trust (RLJ) -0.2% -0.8% -3.2% -20.6% -9.4% -33.9%
US REITs 0.1% 1.9% 3.8% 13.9% 11.3% 25.5%
US Market -1.4% -3.9% 0.1% 1.6% 33.2% 38.2%
1 Year Return vs Industry and Market
  • RLJ underperformed the REITs industry which returned 13.9% over the past year.
  • RLJ underperformed the Market in United States of America which returned 1.6% over the past year.
Price Volatility
RLJ
Industry
5yr Volatility vs Market

RLJ Value

 Is RLJ Lodging Trust undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of RLJ Lodging Trust to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for RLJ Lodging Trust.

NYSE:RLJ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations
Levered Adjusted Funds From Operations Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:RLJ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.53
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.529 (1 + (1- 21%) (73.29%))
0.889
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.89
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.889 * 5.96%)
8.03%

Discounted Cash Flow Calculation for NYSE:RLJ using 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations Model

The calculations below outline how an intrinsic value for RLJ Lodging Trust is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

RLJ Lodging Trust is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.

NYSE:RLJ DCF 1st Stage: Next 10 year cash flow forecast
Adjusted Funds From Operations (AFFO) (USD, Millions) Source Present Value
Discounted (@ 8.03%)
2019 284.60 Analyst x3 263.44
2020 280.95 Analyst x3 240.73
2021 264.93 Analyst x2 210.13
2022 260.51 Est @ -1.67% 191.27
2023 259.61 Est @ -0.35% 176.44
2024 261.11 Est @ 0.58% 164.26
2025 264.30 Est @ 1.22% 153.91
2026 268.72 Est @ 1.67% 144.85
2027 274.08 Est @ 1.99% 136.76
2028 280.14 Est @ 2.21% 129.39
Present value of next 10 years cash flows $1,811.18
NYSE:RLJ DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $280.14 × (1 + 2.73%) ÷ (8.03% – 2.73%)
$5,429.30
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $5,429.30 ÷ (1 + 8.03%)10
$2,507.69
NYSE:RLJ Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,811.18 + $2,507.69
$4,318.87
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $4,318.87 / 173.48
$24.9
NYSE:RLJ Discount to Share Price
Calculation Result
Value per share (USD) From above. $24.90
Current discount Discount to share price of $18.34
= -1 x ($18.34 - $24.90) / $24.90
26.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price RLJ Lodging Trust is available for.
Intrinsic value
26%
Share price is $18.34 vs Future cash flow value of $24.9
Current Discount Checks
For RLJ Lodging Trust to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • RLJ Lodging Trust's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • RLJ Lodging Trust's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for RLJ Lodging Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are RLJ Lodging Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:RLJ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.95
NYSE:RLJ Share Price ** NYSE (2019-05-24) in USD $18.34
United States of America REITs Industry PE Ratio Median Figure of 155 Publicly-Listed REITs Companies 32.61x
United States of America Market PE Ratio Median Figure of 3,086 Publicly-Listed Companies 17.45x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of RLJ Lodging Trust.

NYSE:RLJ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:RLJ Share Price ÷ EPS (both in USD)

= 18.34 ÷ 0.95

19.22x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • RLJ Lodging Trust is good value based on earnings compared to the US REITs industry average.
  • RLJ Lodging Trust is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does RLJ Lodging Trust's expected growth come at a high price?
Raw Data
NYSE:RLJ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.22x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
-7.2%per year
United States of America REITs Industry PEG Ratio Median Figure of 141 Publicly-Listed REITs Companies 2.41x
United States of America Market PEG Ratio Median Figure of 2,121 Publicly-Listed Companies 1.51x

*Line of best fit is calculated by linear regression .

NYSE:RLJ PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 19.22x ÷ -7.2%

-2.66x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • RLJ Lodging Trust earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on RLJ Lodging Trust's assets?
Raw Data
NYSE:RLJ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $17.38
NYSE:RLJ Share Price * NYSE (2019-05-24) in USD $18.34
United States of America REITs Industry PB Ratio Median Figure of 191 Publicly-Listed REITs Companies 1.89x
United States of America Market PB Ratio Median Figure of 5,208 Publicly-Listed Companies 1.8x
NYSE:RLJ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:RLJ Share Price ÷ Book Value per Share (both in USD)

= 18.34 ÷ 17.38

1.06x

* Primary Listing of RLJ Lodging Trust.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • RLJ Lodging Trust is good value based on assets compared to the US REITs industry average.
X
Value checks
We assess RLJ Lodging Trust's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. RLJ Lodging Trust has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

RLJ Future Performance

 How is RLJ Lodging Trust expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-7.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is RLJ Lodging Trust expected to grow at an attractive rate?
  • RLJ Lodging Trust's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • RLJ Lodging Trust's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • RLJ Lodging Trust's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:RLJ Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:RLJ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts -7.2%
NYSE:RLJ Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts -1.1%
United States of America REITs Industry Earnings Growth Rate Market Cap Weighted Average 5.8%
United States of America REITs Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:RLJ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:RLJ Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,621 386 128 2
2020-12-31 1,682 398 135 9
2019-12-31 1,674 418 144 9
NYSE:RLJ Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 1,733 419 166
2018-12-31 1,763 395 162
2018-09-30 1,826 367 142
2018-06-30 1,719 315 76
2018-03-31 1,526 262 61
2017-12-31 1,357 261 65
2017-09-30 1,165 288 140
2017-06-30 1,120 309 179
2017-03-31 1,145 326 196
2016-12-31 1,160 331 199
2016-09-30 1,164 346 197
2016-06-30 1,157 347 196

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • RLJ Lodging Trust's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • RLJ Lodging Trust's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:RLJ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from RLJ Lodging Trust Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:RLJ Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 0.79 0.96 0.68 4.00
2019-12-31 0.85 0.93 0.79 4.00
NYSE:RLJ Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.95
2018-12-31 0.93
2018-09-30 0.81
2018-06-30 0.46
2018-03-31 0.40
2017-12-31 0.47
2017-09-30 1.10
2017-06-30 1.45
2017-03-31 1.58
2016-12-31 1.61
2016-09-30 1.59
2016-06-30 1.57

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if RLJ Lodging Trust will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess RLJ Lodging Trust's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
RLJ Lodging Trust has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

RLJ Past Performance

  How has RLJ Lodging Trust performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare RLJ Lodging Trust's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • RLJ Lodging Trust's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • RLJ Lodging Trust's 1-year earnings growth exceeds its 5-year average (171.8% vs -2.7%)
  • RLJ Lodging Trust's earnings growth has exceeded the US REITs industry average in the past year (171.8% vs 16%).
Earnings and Revenue History
RLJ Lodging Trust's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from RLJ Lodging Trust Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:RLJ Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,733.00 165.93 58.54
2018-12-31 1,763.33 162.35 58.30
2018-09-30 1,826.03 142.01 55.96
2018-06-30 1,719.07 76.17 53.84
2018-03-31 1,526.23 61.04 48.44
2017-12-31 1,356.88 65.43 46.65
2017-09-30 1,165.37 140.07 40.95
2017-06-30 1,120.23 179.46 38.66
2017-03-31 1,145.06 195.65 35.19
2016-12-31 1,160.00 199.06 35.72
2016-09-30 1,163.81 197.25 36.39
2016-06-30 1,156.97 196.48 37.43
2016-03-31 1,141.11 194.00 41.16
2015-12-31 1,136.34 216.66 41.91
2015-09-30 1,141.19 177.10 43.12
2015-06-30 1,149.43 173.42 45.90
2015-03-31 1,143.23 170.35 45.64
2014-12-31 1,109.20 134.49 45.37
2014-09-30 1,071.66 125.99 43.62
2014-06-30 1,026.11 122.47 41.55
2014-03-31 991.88 107.72 40.50
2013-12-31 970.38 104.49 39.17
2013-09-30 948.36 93.99 39.52
2013-06-30 919.78 76.99 38.63
2013-03-31 881.36 57.82 37.02
2012-12-31 849.69 42.64 35.49
2012-09-30 818.39 26.57 33.56
2012-06-30 792.11 18.74 31.82

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • RLJ Lodging Trust has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • RLJ Lodging Trust used its assets less efficiently than the US REITs industry average last year based on Return on Assets.
  • RLJ Lodging Trust's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess RLJ Lodging Trust's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
RLJ Lodging Trust has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

RLJ Health

 How is RLJ Lodging Trust's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up RLJ Lodging Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • RLJ Lodging Trust is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • RLJ Lodging Trust's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of RLJ Lodging Trust's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from RLJ Lodging Trust Company Filings, last reported 1 month ago.

NYSE:RLJ Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 3,393.22 2,331.78 250.98
2018-12-31 3,496.94 2,203.70 337.35
2018-09-30 3,575.46 2,290.16 463.68
2018-06-30 3,558.57 2,569.07 416.06
2018-03-31 3,549.40 2,621.74 428.64
2017-12-31 3,570.28 2,882.49 597.27
2017-09-30 3,617.25 2,890.63 426.75
2017-06-30 2,224.73 1,588.51 485.17
2017-03-31 2,222.97 1,589.13 458.33
2016-12-31 2,235.28 1,593.63 462.67
2016-09-30 2,171.39 1,615.70 178.63
2016-06-30 2,163.75 1,625.44 160.05
2016-03-31 2,154.68 1,622.24 126.00
2015-12-31 2,200.52 1,592.59 134.70
2015-09-30 2,175.58 1,614.68 140.46
2015-06-30 2,335.72 1,420.54 265.28
2015-03-31 2,375.23 1,451.37 339.77
2014-12-31 2,378.48 1,571.39 262.46
2014-09-30 2,388.96 1,567.10 275.94
2014-06-30 2,382.96 1,574.60 374.23
2014-03-31 2,130.83 1,571.38 273.37
2013-12-31 2,146.33 1,418.77 335.41
2013-09-30 2,140.80 1,425.51 346.33
2013-06-30 2,143.10 1,385.76 267.40
2013-03-31 2,120.54 1,394.89 347.03
2012-12-31 1,807.91 1,414.12 115.86
2012-09-30 1,812.95 1,418.00 192.10
2012-06-30 1,813.17 1,421.61 155.60
  • RLJ Lodging Trust's level of debt (68.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (73.7% vs 68.7% today).
  • Debt is not well covered by operating cash flow (18%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.9x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess RLJ Lodging Trust's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. RLJ Lodging Trust has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

RLJ Dividends

 What is RLJ Lodging Trust's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
7.2%
Current annual income from RLJ Lodging Trust dividends. Estimated to be 7.2% next year.
If you bought $2,000 of RLJ Lodging Trust shares you are expected to receive $144 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • RLJ Lodging Trust's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).
  • RLJ Lodging Trust's dividend is above the markets top 25% of dividend payers in United States of America (3.75%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:RLJ Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
United States of America REITs Industry Average Dividend Yield Market Cap Weighted Average of 184 Stocks 3.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2007 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:RLJ Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.32 1.00
2020-12-31 1.32 6.00
2019-12-31 1.32 6.00
NYSE:RLJ Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-15 1.320 7.224
2018-12-14 1.320 7.313
2018-09-14 1.320 6.519
2018-06-15 1.320 5.940
2018-03-16 1.320 6.259
2017-12-15 1.320 6.100
2017-08-17 1.320 6.192
2017-06-15 1.320 6.467
2017-03-15 1.320 6.070
2016-12-16 1.320 5.593
2016-09-15 1.320 6.136
2016-06-15 1.320 5.833
2016-03-15 1.320 6.154
2015-12-15 1.320 6.602
2015-09-15 1.320 5.247
2015-06-15 1.320 4.485
2015-05-07 1.320 4.379
2015-05-06 1.320 4.481
2014-12-15 1.200 3.697
2014-08-05 1.200 3.943
2014-06-13 0.880 3.065
2014-03-14 0.880 3.277
2013-12-13 0.820 3.278
2013-09-13 0.820 3.409
2013-06-14 0.820 3.508
2013-03-15 0.820 3.587
2012-12-27 0.820 3.927
2012-09-14 0.660 3.570
2012-06-13 0.660 3.715
2012-03-15 0.660 3.624
2011-12-15 0.600 3.420
2011-09-19 0.600 4.166
2011-08-12 0.600 4.582
2011-08-10 0.600 4.476

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, RLJ Lodging Trust has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but RLJ Lodging Trust only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of RLJ Lodging Trust's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (283.3x coverage).
X
Income/ dividend checks
We assess RLJ Lodging Trust's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can RLJ Lodging Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. RLJ Lodging Trust has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

RLJ Management

 What is the CEO of RLJ Lodging Trust's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Leslie Hale
COMPENSATION $3,669,151
AGE 46
TENURE AS CEO 0.8 years
CEO Bio

Ms. Leslie D. Hale has been President, Chief Executive Officer and Director of RLJ Lodging Trust, L.P. (“RLJ LP”) and Rangers Sub and Rangers GP at FelCor Lodging Limited Partnership since August 22, 2018 and also served as its Executive Vice President from February 2013 till August, 2018. She was the Chief Financial Officer since 2007 until August 1, 2018. Ms. Hale had been Chief Operating Officer of RLJ Lodging Trust from July 2016 to August, 2018. Ms. Hale oversees all financial matters, investor relations, execution of all transactions, investment decision-making, strategic planning and risk management. She served as an Interim Principal Accounting Officer at RLJ Lodging Trust from May 25, 2012 to January 2, 2013 and also served as its Senior Vice President of Real Estate and Finance since 2007. She joined RLJ Development, Inc., the Company's predecessor, in 2005 as its Director of Real Estate and Finance and was promoted to Vice President in 2006. She was responsible for the finance, tax, treasury and portfolio management functions as well as executing all real estate transactions. From 2002 to 2005, she held several positions within the global financial services division of General Electric Corp. including Vice President in the Business Development Group and Mergers & Acquisitions Group of GE Commercial Finance and as an Associate Director of Strategic Capital Group at the GE Real Estate. She was an Investment Banker at Goldman, Sachs & Co. She has been an Independent Director of Macy's, Inc. since January 13, 2015. She is a Trustee of Howard University. Ms. Hale received bachelor's degree in Finance from Howard University in 1994, and MBA from Harvard Business School in 2001.

CEO Compensation
  • Leslie's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Leslie's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the RLJ Lodging Trust management team in years:

4
Average Tenure
46
Average Age
  • The tenure for the RLJ Lodging Trust management team is about average.
Management Team

Bob Johnson

TITLE
Co-Founder & Executive Chairman of the Board
COMPENSATION
$2M
AGE
72
TENURE
8.3 yrs

Leslie Hale

TITLE
President
COMPENSATION
$4M
AGE
46
TENURE
0.8 yrs

Sean Mahoney

TITLE
Executive VP
COMPENSATION
$3M
AGE
46
TENURE
0.8 yrs

Chris Gormsen

TITLE
Chief Accounting Officer
AGE
42
TENURE
6.3 yrs

Anita Wells

TITLE
Senior VP of Administration & Corporate Secretary

Fred McKalip

TITLE
Senior VP & General Counsel

Kate Henriksen

TITLE
Senior Vice President of Investment Analysis & Portfolio Management

Tom Bardenett

TITLE
Executive Vice President of Asset Management
AGE
54
TENURE
1.7 yrs

Susan Sloan

TITLE
VP & Controller
TENURE
10.3 yrs

Nikhil Bhalla

TITLE
Vice President of Finance
Board of Directors Tenure

Average tenure and age of the RLJ Lodging Trust board of directors in years:

2.8
Average Tenure
59
Average Age
  • The average tenure for the RLJ Lodging Trust board of directors is less than 3 years, this suggests a new board.
Board of Directors

Bob Johnson

TITLE
Co-Founder & Executive Chairman of the Board
COMPENSATION
$2M
AGE
72
TENURE
8.3 yrs

Leslie Hale

TITLE
President
COMPENSATION
$4M
AGE
46
TENURE
0.8 yrs

Evan Bayh

TITLE
Director
COMPENSATION
$214K
AGE
63
TENURE
8 yrs

Nate Davis

TITLE
COMPENSATION
$246K
AGE
64
TENURE
2.8 yrs

Bob La Forgia

TITLE
Director
COMPENSATION
$219K
AGE
59
TENURE
8 yrs

Glenda McNeal

TITLE
Director
COMPENSATION
$209K
AGE
57
TENURE
8 yrs

Art Collins

TITLE
Director
COMPENSATION
$206K
AGE
58
TENURE
2.5 yrs

Pat Gibson

TITLE
COMPENSATION
$270K
AGE
55
TENURE
1.8 yrs

Bob McCarthy

TITLE
Director
COMPENSATION
$208K
AGE
64
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess RLJ Lodging Trust's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. RLJ Lodging Trust has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

RLJ News

Simply Wall St News

Investors Who Bought RLJ Lodging Trust (NYSE:RLJ) Shares Five Years Ago Are Now Down 32%

So we wouldn't blame long term RLJ Lodging Trust (NYSE:RLJ) shareholders for doubting their decision to hold, with the stock down 32% over a half decade. … During the unfortunate half decade during which the share price slipped, RLJ Lodging Trust actually saw its earnings per share (EPS) improve by 1.5% per year. … Generally speaking long term share price weakness can be a bad sign, though contrarian investors might want to research the stock in hope of a turnaround.

Simply Wall St -

Should You Invest In RLJ Lodging Trust (NYSE:RLJ)?

RLJ Lodging Trust is a US$3.2b. … real estate investment trust (REIT) based in Bethesda, United States. … This term is very common in the REIT investing world as it provides a cleaner look at its cash flow from daily operations by excluding impact of one-off activities or non-cash items such as depreciation

Simply Wall St -

Should You Think About Buying RLJ Lodging Trust (NYSE:RLJ) Now?

RLJ Lodging Trust (NYSE:RLJ), which is in the reits business, and is based in United States,. … saw a decent share price growth in the teens level on the NYSE over the last few months. … With many analysts covering the mid-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price?

Simply Wall St -

Should We Be Cautious About RLJ Lodging Trust's (NYSE:RLJ) ROE Of 4.8%?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … By way of learning-by-doing, we'll look at ROE to gain a better understanding of RLJ Lodging Trust (NYSE:RLJ). … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

With A 4.8% Return On Equity, Is RLJ Lodging Trust (NYSE:RLJ) A Quality Stock?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Our data shows RLJ Lodging Trust has a return on equity of 4.8% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is It Time To Consider Buying RLJ Lodging Trust (NYSE:RLJ)?

received a lot of attention from a substantial price movement on the NYSE over the last few months, increasing to $23.09 at one point, and dropping to the lows of $19.51. … A question to answer is whether RLJ Lodging Trust's current trading price of $19.51 reflective of the actual value of the? … Let’s take a look at RLJ Lodging Trust’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

With An ROE Of 2.19%, Can RLJ Lodging Trust (NYSE:RLJ) Catch Up To The Industry?

and looking to gauge the potential return on investment in RLJ Lodging Trust (NYSE:RLJ). … RLJ Lodging Trust’s (NYSE:RLJ) most recent return on equity was a substandard 2.19% relative to its industry performance of 7.64% over the past year. … Knowing these components could change your view on RLJ’s performance

Simply Wall St -

Is It Too Late To Buy RLJ Lodging Trust (NYSE:RLJ)?

RLJ Lodging Trust (NYSE:RLJ), a reits company based in United States,. … Let’s take a look at RLJ Lodging Trust’s outlook and value based on the most recent financial data to see if the opportunity still exists? … Great news for investors – RLJ Lodging Trust is still trading at a fairly cheap price.

Simply Wall St -

RLJ Company Info

Description

RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust that owns primarily premium-branded, high-margin, focused-service and compact full-service hotels. The Company's portfolio consists of 150 hotels with approximately 28,600 rooms located in 25 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.

Details
Name: RLJ Lodging Trust
RLJ
Exchange: NYSE
Founded: 2000
$3,181,597,377
$3,167,417,017
173,478,592
Website: http://www.rljlodgingtrust.com
Address: RLJ Lodging Trust
3 Bethesda Metro Center,
Suite 1000,
Bethesda,
Maryland, 20814,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE RLJ Common Shares New York Stock Exchange US USD 11. May 2011
NYSE RLJ.PRA CUM CONV PFD A New York Stock Exchange US USD 01. Sep 2017
Number of employees
Current staff
Staff numbers
84
RLJ Lodging Trust employees.
Industry
Hotel and Resort REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/27 00:24
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2019/05/18
Last earnings filing: 2019/05/09
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.