RLJ Lodging Trust (NYSE:RLJ) Receives $7.50 Consensus Price Target from Brokerages

RLJ Lodging Trust (NYSE:RLJ) has been assigned an average rating of “Hold” from the eight research firms that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $7.50.

Several research analysts have issued reports on RLJ shares. Truist Financial lowered their price target on shares of RLJ Lodging Trust from $8.00 to $7.00 and set a “hold” rating for the company in a report on Monday, April 6th. LADENBURG THALM/SH SH started coverage on shares of RLJ Lodging Trust in a report on Thursday, March 26th. They set a “neutral” rating and a $8.50 price target for the company. Weiss Ratings upgraded shares of RLJ Lodging Trust from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Finally, Wall Street Zen upgraded shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating in a report on Saturday, May 9th.

RLJ Lodging Trust Stock Down 1.8%

Shares of NYSE RLJ opened at $8.93 on Friday. The company has a 50 day simple moving average of $7.97 and a 200 day simple moving average of $7.74. The firm has a market cap of $1.36 billion, a PE ratio of -893.20 and a beta of 1.09. RLJ Lodging Trust has a 1 year low of $6.54 and a 1 year high of $9.15. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.89 and a quick ratio of 2.89.

RLJ Lodging Trust (NYSE:RLJ) last released its quarterly earnings results on Monday, May 4th. The real estate investment trust reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.02. RLJ Lodging Trust had a net margin of 1.84% and a return on equity of 1.37%. The firm had revenue of $339.98 million during the quarter, compared to analyst estimates of $323.51 million. During the same quarter last year, the business earned $0.31 EPS. The company’s revenue was up 3.6% compared to the same quarter last year. On average, research analysts forecast that RLJ Lodging Trust will post 1.22 EPS for the current year.

RLJ Lodging Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, March 31st. This represents a $0.60 annualized dividend and a yield of 6.7%. RLJ Lodging Trust’s dividend payout ratio (DPR) is presently -6,000.00%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC boosted its stake in RLJ Lodging Trust by 2,721.1% during the second quarter. EverSource Wealth Advisors LLC now owns 3,470 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 3,347 shares in the last quarter. Daytona Street Capital LLC acquired a new stake in RLJ Lodging Trust in the 4th quarter valued at $28,000. PNC Financial Services Group Inc. boosted its holdings in RLJ Lodging Trust by 166.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,618 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 2,887 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in RLJ Lodging Trust during the 3rd quarter worth $36,000. Finally, Danske Bank A S purchased a new position in RLJ Lodging Trust during the 3rd quarter worth $50,000. 92.35% of the stock is owned by institutional investors.

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.