Analysts Set RLJ Lodging Trust (NYSE:RLJ) PT at $8.64

Shares of RLJ Lodging Trust (NYSE:RLJ) have been assigned an average rating of “Hold” from the nine analysts that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $8.6429.

RLJ has been the topic of a number of recent analyst reports. Zacks Research upgraded shares of RLJ Lodging Trust from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Weiss Ratings restated a “sell (d)” rating on shares of RLJ Lodging Trust in a research note on Monday, December 29th. Raymond James Financial raised RLJ Lodging Trust from a “market perform” rating to a “strong-buy” rating and set a $9.00 price objective on the stock in a research report on Wednesday, November 12th. Finally, Barclays began coverage on RLJ Lodging Trust in a report on Tuesday, January 6th. They issued an “underweight” rating and a $6.00 price objective for the company.

RLJ Lodging Trust Stock Down 1.0%

RLJ stock opened at $7.93 on Monday. RLJ Lodging Trust has a fifty-two week low of $6.16 and a fifty-two week high of $9.63. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 158.60 and a beta of 1.12. The business’s 50 day moving average price is $7.78 and its two-hundred day moving average price is $7.49. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.55 and a current ratio of 2.55.

RLJ Lodging Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 7.6%. The ex-dividend date of this dividend was Wednesday, December 31st. RLJ Lodging Trust’s payout ratio is presently 1,200.00%.

Institutional Investors Weigh In On RLJ Lodging Trust

A number of large investors have recently added to or reduced their stakes in the stock. Donald Smith & CO. Inc. lifted its holdings in shares of RLJ Lodging Trust by 23.1% during the 4th quarter. Donald Smith & CO. Inc. now owns 13,140,744 shares of the real estate investment trust’s stock valued at $97,899,000 after buying an additional 2,463,189 shares during the period. Centersquare Investment Management LLC bought a new stake in shares of RLJ Lodging Trust in the fourth quarter worth $13,254,000. Aegis Financial Corp purchased a new stake in RLJ Lodging Trust during the fourth quarter valued at $9,475,000. Ameriprise Financial Inc. increased its position in RLJ Lodging Trust by 286.2% during the second quarter. Ameriprise Financial Inc. now owns 1,618,413 shares of the real estate investment trust’s stock valued at $11,783,000 after acquiring an additional 1,199,318 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in RLJ Lodging Trust by 179.5% in the second quarter. AQR Capital Management LLC now owns 1,434,974 shares of the real estate investment trust’s stock valued at $10,447,000 after acquiring an additional 921,548 shares during the period. Institutional investors own 92.35% of the company’s stock.

RLJ Lodging Trust Company Profile

RLJ Lodging Trust is a self-managed, publicly traded real estate investment trust (REIT) that acquires, owns and operates premium-branded, focused-service and compact full-service hotels. The company’s portfolio is concentrated in major U.S. markets, targeting properties that benefit from strong corporate and leisure demand, limited new supply and established brand affiliations.

The trust’s hotels are affiliated with leading global lodging brands across the spectrum of service levels, including lifestyle and upscale segments.