Analysts Set RLJ Lodging Trust (NYSE:RLJ) Price Target at $9.10

RLJ Lodging Trust (NYSE:RLJ) has received an average rating of “Hold” from the eight brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $9.10.

Several research analysts have recently weighed in on RLJ shares. Truist Financial increased their price target on RLJ Lodging Trust from $7.00 to $8.00 and gave the stock a “hold” rating in a research note on Friday, September 5th. Zacks Research upgraded RLJ Lodging Trust from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 9th. Wells Fargo & Company upgraded RLJ Lodging Trust to a “strong sell” rating in a research note on Friday, October 3rd. Weiss Ratings restated a “hold (c-)” rating on shares of RLJ Lodging Trust in a research note on Wednesday, October 8th. Finally, Baird R W downgraded RLJ Lodging Trust from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 3rd.

RLJ Lodging Trust Stock Up 1.3%

RLJ stock opened at $7.06 on Tuesday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 2.48 and a current ratio of 2.48. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 33.63 and a beta of 1.49. RLJ Lodging Trust has a fifty-two week low of $6.16 and a fifty-two week high of $10.84. The stock has a fifty day moving average of $7.36 and a 200-day moving average of $7.33.

RLJ Lodging Trust (NYSE:RLJ) last posted its quarterly earnings results on Thursday, August 7th. The real estate investment trust reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.02. The company had revenue of $363.10 million during the quarter, compared to the consensus estimate of $365.30 million. RLJ Lodging Trust had a return on equity of 3.03% and a net margin of 4.23%.The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.51 EPS. RLJ Lodging Trust has set its FY 2025 guidance at 1.380-1.580 EPS. As a group, equities research analysts predict that RLJ Lodging Trust will post 1.37 earnings per share for the current year.

RLJ Lodging Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a $0.15 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $0.60 annualized dividend and a yield of 8.5%. RLJ Lodging Trust’s dividend payout ratio (DPR) is currently 285.71%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Aberdeen Group plc raised its stake in RLJ Lodging Trust by 3.6% during the first quarter. Aberdeen Group plc now owns 41,869 shares of the real estate investment trust’s stock valued at $330,000 after buying an additional 1,452 shares during the last quarter. Asset Management One Co. Ltd. raised its stake in RLJ Lodging Trust by 0.8% during the first quarter. Asset Management One Co. Ltd. now owns 222,411 shares of the real estate investment trust’s stock valued at $1,755,000 after buying an additional 1,762 shares during the last quarter. KBC Group NV raised its stake in RLJ Lodging Trust by 55.2% during the second quarter. KBC Group NV now owns 5,258 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 1,870 shares during the last quarter. State Board of Administration of Florida Retirement System raised its stake in RLJ Lodging Trust by 3.7% during the second quarter. State Board of Administration of Florida Retirement System now owns 56,709 shares of the real estate investment trust’s stock valued at $413,000 after buying an additional 2,048 shares during the last quarter. Finally, M&G PLC raised its stake in RLJ Lodging Trust by 11.2% during the second quarter. M&G PLC now owns 22,510 shares of the real estate investment trust’s stock valued at $158,000 after buying an additional 2,260 shares during the last quarter. Institutional investors own 92.35% of the company’s stock.

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.