Stock Track | RLJ Lodging Trust Surges Over 6% on Upbeat Q3 Earnings

Stock Track

2024-11-07

Shares of RLJ Lodging Trust (NYSE: RLJ) soared by 6.64% on Wednesday, November 7th, after the hotel real estate investment trust (REIT) reported better-than-expected earnings for the third quarter of 2024.

RLJ Lodging Trust reported adjusted earnings per share (EPS) of $0.09 for the quarter ended September 30, surpassing analysts' consensus estimates of break-even results. The company's revenue rose 3.4% year-over-year to $345.74 million, beating expectations of $343.14 million.

The upbeat financial performance, driven by revenue growth, fueled investor optimism and propelled the stock higher. Despite the recent surge, RLJ Lodging Trust's shares have lost 20.3% so far this year, underperforming the broader market.

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Despite the recent surge, RLJ Lodging Trust's shares have lost 20.3% so far this year, underperforming the broader market.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RLJ","symbol_name":"RLJ Lodging Trust","start_time":0,"source_url":"","article_id":"1128746040","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1128746040","pubTimestamp":1730990598,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of RLJ Lodging Trust  soared by 6.64% on Wednesday, November 7th, after the hotel real estate investment trust  reported better-than-expected earnings for the third quarter of 2024.RLJ Lodging Trust reported adjusted earnings per share  of $0.09 for the quarter ended September 30, surpassing analysts' consensus estimates of break-even results. 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