Brokerages Set RLJ Lodging Trust (NYSE:RLJ) Price Target at $11.50

RLJ Lodging Trust (NYSE:RLJ) has received a consensus rating of “Hold” from the seven brokerages that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $11.50.

RLJ has been the topic of several analyst reports. Oppenheimer increased their price objective on RLJ Lodging Trust from $11.00 to $12.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Wells Fargo & Company lifted their price objective on RLJ Lodging Trust from $10.00 to $10.50 and gave the company an “underweight” rating in a research note on Monday, December 9th. StockNews.com raised RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research report on Friday, December 6th. Wolfe Research cut shares of RLJ Lodging Trust from an “outperform” rating to a “peer perform” rating in a report on Thursday, September 26th. Finally, Truist Financial lowered their price target on shares of RLJ Lodging Trust from $14.00 to $11.00 and set a “buy” rating for the company in a report on Monday, October 28th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Quarry LP increased its position in RLJ Lodging Trust by 197.3% during the second quarter. Quarry LP now owns 5,465 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 3,627 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of RLJ Lodging Trust by 34.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,051 shares of the real estate investment trust’s stock worth $57,000 after acquiring an additional 1,564 shares during the last quarter. Ground Swell Capital LLC acquired a new position in shares of RLJ Lodging Trust in the 3rd quarter valued at $93,000. Aigen Investment Management LP purchased a new stake in RLJ Lodging Trust in the 3rd quarter valued at $107,000. Finally, Metis Global Partners LLC boosted its stake in RLJ Lodging Trust by 31.0% during the 3rd quarter. Metis Global Partners LLC now owns 15,798 shares of the real estate investment trust’s stock worth $145,000 after purchasing an additional 3,738 shares during the period. 92.35% of the stock is owned by hedge funds and other institutional investors.

RLJ Lodging Trust Stock Down 1.6 %

Shares of NYSE RLJ opened at $10.15 on Wednesday. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 1.14. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 35.00, a PEG ratio of 2.31 and a beta of 1.72. RLJ Lodging Trust has a 52-week low of $8.74 and a 52-week high of $12.39. The business’s 50 day moving average is $9.83 and its two-hundred day moving average is $9.54.

RLJ Lodging Trust (NYSE:RLJ) last posted its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.09 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.23). The business had revenue of $345.74 million during the quarter, compared to analysts’ expectations of $342.93 million. RLJ Lodging Trust had a net margin of 5.19% and a return on equity of 3.58%. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.40 EPS. Research analysts predict that RLJ Lodging Trust will post 1.34 EPS for the current year.

RLJ Lodging Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.60 annualized dividend and a dividend yield of 5.91%. RLJ Lodging Trust’s dividend payout ratio is presently 206.90%.

RLJ Lodging Trust Company Profile

RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust that owns primarily premium-branded, high-margin, focused-service and compact full-service hotels. The Company's portfolio currently consists of 96 hotels with approximately 21,200 rooms, located in 23 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.