RLJ Lodging Trust (NYSE:RLJ) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

RLJ Lodging Trust (NYSE:RLJ) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.85 and traded as high as $9.64. RLJ Lodging Trust shares last traded at $9.5750, with a volume of 1,107,960 shares.

Analyst Ratings Changes

RLJ has been the subject of a number of research reports. LADENBURG THALM/SH SH initiated coverage on shares of RLJ Lodging Trust in a research note on Thursday, March 26th. They set a “neutral” rating and a $8.50 target price for the company. Wall Street Zen raised shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings raised shares of RLJ Lodging Trust from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. Finally, Truist Financial lowered their price target on shares of 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. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $7.50.

RLJ Lodging Trust Trading Down 0.1%

The firm has a market capitalization of $1.45 billion, a P/E ratio of -957.50 and a beta of 1.08. The business’s 50-day moving average is $8.16 and its 200 day moving average is $7.85. 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) EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $339.98 million for the quarter, compared to analyst estimates of $323.51 million. During the same period last year, the firm earned $0.31 earnings per share. RLJ Lodging Trust’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, analysts anticipate that RLJ Lodging Trust will post 1.22 EPS for the current fiscal year.

RLJ Lodging Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend was Tuesday, March 31st. RLJ Lodging Trust’s dividend payout ratio (DPR) is currently -6,000.00%.

Hedge Funds Weigh In On RLJ Lodging Trust

Several hedge funds have recently bought and sold shares of the company. Denali Advisors LLC acquired a new stake in shares of RLJ Lodging Trust in the 3rd quarter valued at approximately $1,432,000. JPMorgan Chase & Co. boosted its stake in shares of RLJ Lodging Trust by 4.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,204,026 shares of the real estate investment trust’s stock valued at $37,469,000 after purchasing an additional 226,335 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of RLJ Lodging Trust by 1,871.5% in the 3rd quarter. Principal Financial Group Inc. now owns 201,603 shares of the real estate investment trust’s stock valued at $1,452,000 after purchasing an additional 191,377 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in shares of RLJ Lodging Trust by 22.3% in the 3rd quarter. Allianz Asset Management GmbH now owns 2,201,825 shares of the real estate investment trust’s stock valued at $15,853,000 after purchasing an additional 401,189 shares in the last quarter. Finally, Tudor Investment Corp ET AL boosted its stake in shares of RLJ Lodging Trust by 363.1% in the 3rd quarter. Tudor Investment Corp ET AL now owns 357,266 shares of the real estate investment trust’s stock valued at $2,572,000 after purchasing an additional 280,123 shares in the last quarter. 92.35% of the stock is owned by institutional investors.

About RLJ Lodging Trust

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.