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Fin Stocks in Focus! RLJ Lodging Trust (RLJ), Starwood Property Trust, Inc. (STWD)

Shares of RLJ Lodging Trust (NYSE:RLJ) decreased -1.26% and closed at $20.80 after opening 21.05. The company’s Market capitalization reached to $2.59 billion, $124.32 million outstanding shares. Its low price was $20.66 and highest price was $21.36. The Distance from 50 day Simple moving average was -5.82% and Distance from 200 day Simple moving average -0.27%.The EPS is 1.53.

RLJ Lodging Trust (RLJ) reported results for the three and six months ended June 30, 2016.

Net income increased 4.1% to $58.7 million

Pro forma RevPAR increased 1.9%, Pro forma ADR increased 1.6%, and Pro forma Occupancy increased 0.4%

Pro forma Hotel EBITDA Margin of 39.2%

Pro forma Consolidated Hotel EBITDA increased 5.3% to $123.9 million

Adjusted FFO increased 4.2% to $102.1 million

Refinanced $800.0 million of unsecured debt; extended final maturities to 2021, improved pricing, and enhanced financial covenants

Repurchased 0.1 million common shares for $2.0 million

Shares of Starwood Property Trust, Inc. (NYSE:STWD) decreased -0.09% and closed at $21.57 after opening 21.60. The company’s Market capitalization reached to $5.09 billion, $238.05 million outstanding shares. Its low price was $21.43 and highest price was $21.77. The Distance from 50 day Simple moving average was -1.40% and Distance from 200 day Simple moving average was 11.77%. The EPS is 1.46.

Starwood Property Trust, Inc. (STWD) announced operating results for the fiscal quarter ended June 30, 2016.  The Company’s second quarter 2016 GAAP net income was $111.5 million, or $0.47 per diluted share, and Core Earnings (a non-GAAP financial measure) was $119.9 million, or $0.50 per diluted share.

“We are pleased with our strong performance this quarter, driven by significant contributions from each of our business segments. Despite a volatile market backdrop in the first half of the year, including an uncertain domestic economic and geopolitical environment, we deployed $2.5 billion of capital and continued to source investments with attractive returns and a risk profile consistent with our historical standards. In our seven years as a public company, we have not realized a single credit loss in the $19.0 billion of loans we have originated or acquired. As a testament to our conservative underwriting, our loan portfolio continues to maintain a conservative weighted average LTV of 61.9%, which is down from a peak of 67.8% in 2011 when our loan book was one-third the size it is now. We are particularly pleased with the progress of our equity investments, including those embedded in our loan book, where we continue to expect meaningful appreciation over time,” stated Barry Sternlicht, Chairman and Chief Executive Officer of Starwood Property Trust.

 

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