Brokerages Set RLJ Lodging Trust (NYSE:RLJ) Price Target at $10.79

RLJ Lodging Trust (NYSE:RLJ) has been given an average rating of “Hold” by the seven analysts that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $10.79.

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company dropped their price objective on shares of RLJ Lodging Trust from $10.50 to $9.75 and set an “underweight” rating on the stock in a report on Tuesday, February 18th. StockNews.com raised RLJ Lodging Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 6th.

Institutional Trading of RLJ Lodging Trust

A number of hedge funds have recently added to or reduced their stakes in the company. GF Fund Management CO. LTD. acquired a new position in shares of RLJ Lodging Trust in the fourth quarter worth about $29,000. US Bancorp DE grew its holdings in RLJ Lodging Trust by 78.2% in the fourth quarter. US Bancorp DE now owns 3,230 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 1,417 shares during the period. CreativeOne Wealth LLC purchased a new stake in shares of RLJ Lodging Trust in the fourth quarter valued at approximately $111,000. Xponance Inc. purchased a new stake in shares of RLJ Lodging Trust in the fourth quarter valued at approximately $112,000. Finally, Aigen Investment Management LP acquired a new position in shares of RLJ Lodging Trust during the 3rd quarter worth approximately $107,000. 92.35% of the stock is owned by hedge funds and other institutional investors.

RLJ Lodging Trust Stock Down 0.3 %

Shares of RLJ stock opened at $8.91 on Monday. The stock’s fifty day moving average price is $9.66 and its 200 day moving average price is $9.63. 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 $8.75 and a 1-year high of $12.13. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 30.71, a price-to-earnings-growth ratio of 2.87 and a beta of 1.69.

RLJ Lodging Trust (NYSE:RLJ) last posted its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.36. The firm had revenue of $329.99 million for the quarter, compared to the consensus estimate of $324.66 million. RLJ Lodging Trust had a net margin of 5.19% and a return on equity of 3.58%. On average, research analysts expect that RLJ Lodging Trust will post 1.37 earnings per share for the current fiscal year.

RLJ Lodging Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 6.74%. The ex-dividend date was Tuesday, December 31st. RLJ Lodging Trust’s dividend payout ratio (DPR) is 222.22%.

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.