FTSE 100: Index falls as earnings results weigh; pound below $1.33, Bodycote soars
RLJ Lodging Trust (NYSE:RLJ)’s stock has reached a 52-week low, dipping to $8.05, as the real estate investment trust grapples with a challenging market environment. According to InvestingPro data, the company maintains a "GOOD" Financial Health score, with liquid assets exceeding short-term obligations. This latest price level reflects a significant downturn from the previous year, with the company’s stock experiencing a 1-year change of -31.81%. Despite the decline, RLJ offers a notable 7.3% dividend yield and has maintained dividend payments for 15 consecutive years. InvestingPro analysis suggests the stock is currently undervalued. Investors are closely monitoring RLJ’s performance as it navigates through the headwinds affecting the hospitality sector, including fluctuating travel demand and economic uncertainty. The 52-week low serves as a critical indicator for shareholders and potential investors, marking the lowest price point for RLJ stock over the past year and setting a new benchmark for the company’s market valuation. Analyst price targets range from $9.75 to $12.00, suggesting potential upside from current levels. For deeper insights and access to 12 additional ProTips about RLJ, including valuation metrics and management actions, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, RLJ Lodging Trust reported its fourth-quarter 2024 earnings, surpassing expectations with an earnings per share (EPS) of -$0.01, compared to the forecasted -$0.04. The company also exceeded revenue expectations, reporting $330 million against the anticipated $323.92 million. RLJ Lodging Trust’s strong performance was further highlighted by a 2.2% year-over-year growth in RevPAR, driven by the efficiency of recent hotel conversions and acquisitions. The company maintains significant liquidity, with over $900 million available, and has addressed its 2025 debt maturities.
Additionally, RLJ Lodging Trust announced the upcoming retirement of its Chief Financial Officer, Sean M. Mahoney, in May 2025, after seven years with the company. The company is currently in the process of selecting his successor. In terms of market outlook, RLJ projects RevPAR growth of 1-3% for 2025, with comparable hotel EBITDA expected to range between $378 million and $408 million. The company remains optimistic about achieving positive RevPAR growth in each quarter of 2025, as stated by CEO Leslie Hale.
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