Bullish Stocks That Gained Most In Yesterday's Trading Session: $RLJ $STAY $APLE

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RLJ Lodging Trust Expected To Post Sales Of $101.49 Million In Current Quarter

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RLJ Lodging Trust (NYSE:RLJ) was amongst the top gainers in yesterday's trading session gaining %4.04. Analysts expect the company to post sales of $101.49 million in the current fiscal quarter. Six analysts have estimated earnings of RLJ Lodging with the highest estimate of sales being $146.5 million and lowest sales of $71.16 million.

In the same quarter in 2019, the company had sales of $371.12 million and based in current estimates that suggest a growth rate of -72.7%. The company will report the current quarter results on November 5, 2020. For the full-year Zacks analysts expect the company to post sales of $538.1 million with estimates between $489.1 million and $648.8 million.

Extended Stay America Reports Net Loss of $8.8 Million In Q2 2020

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Extended Stay America Inc. (NASDAQ:STAY) is also another bullish looking stock that gained most in yesterday's trading session jumping %3.56. The company has reported Q2 2020 results in which net loss was $8.8 million on total revenue of around $230.8 million. A year ago the company posted a net income of $59.7 million. Total revenue in 1H 2020 dropped 17.3% YoY to $230.8 million. Adjusted paired share loss in the quarter was $6.7 million or $0.04 per share.

The company reported adjusted EBITDA of $74.4 million in the quarter and adjusted funds from operations of $30.5 million or $0.17 per diluted paired share. At the end of the quarter cash and equivalents were $682.4 million and total outstanding debt was $3.08 billion.

Apple Hospitality REIT Announces Purchase of Hyatt Place and Hyatt House In Tempe

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Another stock that was amongst the top gainers in yesterday's session is Apple Hospitality REIT (NYSE:APLE) which gained 3.54%. The company recently announced the acquisition and opening of the new 154-room Hyatt Place and 105-room Hyatt House in Tempe, Arizona. The gross purchase price of the property was $64.6 million which is around $249,000 per key. Nelson Knight the President of the company stated that they were delighted to diversify their portfolio with the new acquisition of the hotels in the Tempe market.

Also, the company halted the $9 million sale of its Memphis hotel due to the pandemic. The company had indicated in its Q2 2020 earnings results that it had signed a deal to sell the 140-room Homewood Suites by Hilton in Memphis-Poplar.

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