RLJ Lodging Trust (NYSE:RLJ) Given Consensus Rating of “Hold” by Brokerages

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

Several analysts have recently issued reports on RLJ shares. Weiss Ratings upgraded RLJ Lodging Trust from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday. Zacks Research upgraded RLJ Lodging Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Truist Financial reduced their price objective on RLJ Lodging Trust from $8.00 to $7.00 and set a “hold” rating on the stock in a research report on Monday, April 6th. LADENBURG THALM/SH SH started coverage on RLJ Lodging Trust in a research report on Thursday, March 26th. They issued a “neutral” rating and a $8.50 price objective on the stock. Finally, Wall Street Zen upgraded RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research report on Saturday.

RLJ Lodging Trust Stock Up 1.3%

RLJ opened at $8.97 on Friday. The business’s fifty day moving average is $7.87 and its two-hundred day moving average is $7.66. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.96 and a current ratio of 2.89. The company has a market cap of $1.36 billion, a price-to-earnings ratio of -896.50 and a beta of 1.09. RLJ Lodging Trust has a one year low of $6.54 and a one year high of $8.98.

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

RLJ Lodging Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 6.7%. The ex-dividend date was Tuesday, March 31st. RLJ Lodging Trust’s dividend payout ratio is currently -6,000.00%.

Institutional Trading of RLJ Lodging Trust

Several institutional investors and hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. increased its stake in RLJ Lodging Trust by 29.8% in the first quarter. PNC Financial Services Group Inc. now owns 5,992 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 1,374 shares during the last quarter. Federation des caisses Desjardins du Quebec increased its stake in RLJ Lodging Trust by 17.8% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 10,972 shares of the real estate investment trust’s stock worth $82,000 after acquiring an additional 1,661 shares during the last quarter. State of Wyoming increased its stake in RLJ Lodging Trust by 23.6% during the third quarter. State of Wyoming now owns 9,120 shares of the real estate investment trust’s stock worth $66,000 after acquiring an additional 1,741 shares during the last quarter. M&G PLC increased its stake in RLJ Lodging Trust by 8.2% during the third quarter. M&G PLC now owns 24,355 shares of the real estate investment trust’s stock worth $170,000 after acquiring an additional 1,845 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in RLJ Lodging Trust by 1.4% during the fourth quarter. Deutsche Bank AG now owns 181,568 shares of the real estate investment trust’s stock worth $1,353,000 after acquiring an additional 2,453 shares during the last quarter. 92.35% of the stock is currently owned by hedge funds and other 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.