RLJ Lodging Trust (NYSE:RLJ) Receives $11.50 Consensus Target Price from Brokerages

Shares of RLJ Lodging Trust (NYSE:RLJ) have been assigned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $11.50.

RLJ has been the subject of several recent research reports. StockNews.com raised shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating in a report on Friday, December 6th. Wells Fargo & Company lifted their price objective on RLJ Lodging Trust from $10.00 to $10.50 and gave the company an “underweight” rating in a research note on Monday, December 9th. Truist Financial lowered their target price on RLJ Lodging Trust from $14.00 to $11.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Oppenheimer raised their target price on RLJ Lodging Trust from $11.00 to $12.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Finally, Wolfe Research downgraded RLJ Lodging Trust from an “outperform” rating to a “peer perform” rating in a report on Thursday, September 26th.

Institutional Investors Weigh In On RLJ Lodging Trust

Institutional investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. raised its position in RLJ Lodging Trust by 5.0% during 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 period. Barclays PLC increased its stake in shares of RLJ Lodging Trust by 97.4% during the third quarter. Barclays PLC now owns 271,749 shares of the real estate investment trust’s stock worth $2,495,000 after purchasing an additional 134,093 shares in the last quarter. Inspire Investing LLC increased its stake in shares of RLJ Lodging Trust by 22.3% during the third quarter. Inspire Investing LLC now owns 44,682 shares of the real estate investment trust’s stock worth $410,000 after purchasing an additional 8,136 shares in the last quarter. Creative Planning acquired a new position in shares of RLJ Lodging Trust during the 3rd quarter worth about $275,000. Finally, Jane Street Group LLC lifted its stake in RLJ Lodging Trust by 44.5% in the 3rd quarter. Jane Street Group LLC now owns 212,482 shares of the real estate investment trust’s stock valued at $1,951,000 after buying an additional 65,398 shares in the last quarter. Institutional investors and hedge funds own 92.35% of the company’s stock.

RLJ Lodging Trust Stock Performance

Shares of RLJ opened at $10.15 on Wednesday. RLJ Lodging Trust has a one year low of $8.74 and a one year high of $12.39. The stock has a market cap of $1.56 billion, a P/E ratio of 35.00, a P/E/G ratio of 2.31 and a beta of 1.72. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.74 and a current ratio of 2.74. The stock has a 50-day moving average of $9.85 and a two-hundred day moving average of $9.54.

RLJ Lodging Trust (NYSE:RLJ) last issued its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.23). RLJ Lodging Trust had a return on equity of 3.58% and a net margin of 5.19%. The business had revenue of $345.74 million during the quarter, compared to analyst estimates of $342.93 million. During the same quarter last year, the company posted $0.40 EPS. RLJ Lodging Trust’s quarterly revenue was up 3.4% compared to the same quarter last year. As a group, research analysts predict that RLJ Lodging Trust will post 1.34 EPS for the current year.

RLJ Lodging Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a yield of 5.91%. RLJ Lodging Trust’s dividend payout ratio is currently 206.90%.

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.