RLJ Lodging Trust
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Real Estate : Equity Real Estate Investment Trusts (REITs) | Small Cap ValueCompany profile

RLJ Lodging Trust is a self-administered real estate investment trust. The Company is engaged in the acquisition of focused-service and compact full-service hotels. As of September 6, 2018, the Company owned 152 hotels with 29,490 rooms, located in 26 states and the District of Columbia, and an interest in one mortgage loan secured by a hotel. Its hotels' brand affiliations include Residence Inn, Courtyard, SpringHill Suites, Fairfield Inn & Suites, Marriott, Renaissance, Hilton Garden Inn, Hampton Inn/Hampton Inn & Suites, Embassy Suites, DoubleTree, Homewood Suites, Hilton, Hyatt House, Hyatt Place and Hyatt/Hyatt Centric. Its operating partnership is RLJ Lodging Trust, L.P. Its properties include Courtyard San Francisco, Courtyard Boulder Longmont, Residence Inn Longmont Boulder, DoubleTree Grand Key Resort, Courtyard Atlanta Buckhead, Courtyard Chicago Southeast Hammond, Courtyard Louisville Northeast, DoubleTree Hotel Columbia and Residence Inn Detroit Novi.

Closing Price
Day's Change
0.01 (0.04%)
B/A Size
Day's High
Day's Low
(Below Average)

10-day average volume:

Corona parent Constellation Brands shares jump after earnings and sales beat

7:52 am ET June 28, 2019 (MarketWatch)

Constellation Brands Inc. (STZ) shares jumped 7.4% in Friday premarket trading after the beer, wine and spirits producer reported fiscal first-quarter earnings and sales that beat expectations. Constellation's portfolio of brands includes Corona and Modelo beers and Svedka vodka. Net loss for the quarter was $245.4 million, or $1.30 per share, after income of $743.8 million, or $3.77 per share, last year. Excluding Canopy Growth Corp. (WEED.T), EPS was $2.40. Canopy Growth is a Canadian cannabis company that Constellation has a $4 billion investment in. Sales totaled $2.10 billion, up from $2.05 billion in 2018. The FactSet consensus was for EPS of $2.05 and sales of $2.07 billion. For fiscal 2020, Constellation expects EPS of $4.95 to $5.25. Excluding Canopy Growth, the company is guiding for EPS of $8.65 to $8.95. "[T]he company continues to evaluate the future potential equity earnings impact from the Canopy equity method investment and related activities and, as such, these items have been excluded from the guidance assumptions noted above," the earnings release said. Constellation stock is up 17% for the year to date while the S&P 500 index has gained 16.7% for the period.

-Tonya Garcia; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

June 28, 2019 07:52 ET (11:52 GMT)

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