RLJ Lodging Trust (RLJ Quick QuoteRLJ - Free Report) is a hotel investment company, focused on owning premium-branded, focused service and compact full-service hotels that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on RLJ’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that RLJ Lodging could be a solid choice for investors.

Current Quarter Estimates for RLJ

In the past 30 days, two estimates have gone higher for RLJ Lodging while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 9 cents a share 30 days ago, to 15 cents today, a move of 66.6%.

Current Year Estimates for RLJ

Meanwhile, RLJ Lodging’s current year figures are also looking quite promising, with two estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 6 cents per share 30 days ago to 19 cents per share today, an increase of more than 100%.

RLJ Lodging Trust Price and Consensus

RLJ Lodging Trust price-consensus-chart | RLJ Lodging Trust Quote

Bottom Line

The stock has also started to move higher lately, adding 5.2% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #2 (Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.