RLJ Lodging Trust (NYSE:RLJ) Receives $10.92 Average PT from Analysts

RLJ Lodging Trust (NYSE:RLJ) has been assigned an average rating of “Hold” from the seven analysts that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $10.92.

A number of analysts recently weighed in on RLJ shares. Wolfe Research downgraded RLJ Lodging Trust from an “outperform” rating to a “peer perform” rating in a research note on Thursday, September 26th. Truist Financial decreased their target price on RLJ Lodging Trust from $14.00 to $11.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. Oppenheimer boosted their target price on RLJ Lodging Trust from $11.00 to $12.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. StockNews.com upgraded RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research report on Monday. Finally, Wells Fargo & Company boosted their target price on RLJ Lodging Trust from $10.00 to $10.50 and gave the stock an “underweight” rating in a research report on Monday, December 9th.

RLJ Lodging Trust Stock Up 0.6 %

RLJ Lodging Trust stock opened at $9.97 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.74 and a quick ratio of 2.74. RLJ Lodging Trust has a 1-year low of $8.74 and a 1-year high of $12.39. The company has a market cap of $1.53 billion, a PE ratio of 34.36 and a beta of 1.70. The stock’s 50 day moving average price is $10.10 and its 200 day moving average price is $9.59.

RLJ Lodging Trust (NYSE:RLJ) last posted its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.23). RLJ Lodging Trust had a net margin of 5.19% and a return on equity of 3.58%. The business had revenue of $345.74 million during the quarter, compared to analysts’ expectations of $342.93 million. During the same quarter last year, the firm earned $0.40 earnings per share. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. On average, sell-side analysts predict that RLJ Lodging Trust will post 1.37 EPS for the current fiscal year.

RLJ Lodging Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.02%. RLJ Lodging Trust’s dividend payout ratio (DPR) is 206.90%.

Hedge Funds Weigh In On RLJ Lodging Trust

Institutional investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. raised its holdings in shares of RLJ Lodging Trust by 5.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,592,272 shares of the real estate investment trust’s stock worth $32,977,000 after acquiring an additional 170,484 shares during the last quarter. Barclays PLC raised its holdings in shares of RLJ Lodging Trust by 97.4% in the third quarter. Barclays PLC now owns 271,749 shares of the real estate investment trust’s stock worth $2,495,000 after acquiring an additional 134,093 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of RLJ Lodging Trust by 4.9% in the third quarter. JPMorgan Chase & Co. now owns 5,166,593 shares of the real estate investment trust’s stock worth $47,429,000 after acquiring an additional 240,254 shares during the last quarter. Inspire Investing LLC increased its stake in RLJ Lodging Trust by 22.3% in the third quarter. Inspire Investing LLC now owns 44,682 shares of the real estate investment trust’s stock valued at $410,000 after purchasing an additional 8,136 shares during the last quarter. Finally, Creative Planning acquired a new position in RLJ Lodging Trust in the third quarter valued at $275,000. 92.35% of the stock is owned by institutional investors and hedge funds.

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.