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

Shares of RLJ Lodging Trust (NYSE:RLJ) have received a consensus recommendation of “Hold” from the seven analysts that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $10.79.

Several research firms recently weighed in on RLJ. Wells Fargo & Company dropped their price objective on RLJ Lodging Trust from $10.50 to $9.75 and set an “underweight” rating for the company in a research note on Tuesday, February 18th. Oppenheimer raised their price objective 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, StockNews.com upgraded RLJ Lodging Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 6th.

RLJ Lodging Trust Trading Up 3.1 %

RLJ opened at $9.55 on Monday. The business has a fifty day moving average price of $9.71 and a 200 day moving average price of $9.64. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 32.94, a PEG ratio of 2.87 and a beta of 1.69. RLJ Lodging Trust has a 12 month low of $8.74 and a 12 month high of $12.26. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.74 and a quick ratio of 2.74.

RLJ Lodging Trust (NYSE:RLJ) last announced its earnings results on Tuesday, February 25th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.36. The firm had revenue of $329.99 million during the quarter, compared to analysts’ expectations of $324.66 million. RLJ Lodging Trust had a return on equity of 3.58% and a net margin of 5.19%. Sell-side analysts expect that RLJ Lodging Trust will post 1.37 earnings per share for the current fiscal year.

RLJ Lodging Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 6.28%. The ex-dividend date was Tuesday, December 31st. RLJ Lodging Trust’s dividend payout ratio is currently 222.22%.

Institutional Investors Weigh In On RLJ Lodging Trust

Large investors have recently bought and sold shares of the business. GF Fund Management CO. LTD. bought a new stake in shares of RLJ Lodging Trust in the fourth quarter valued at about $29,000. US Bancorp DE grew its holdings in RLJ Lodging Trust by 78.2% during the 4th quarter. US Bancorp DE now owns 3,230 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 1,417 shares during the period. Aigen Investment Management LP acquired a new stake in RLJ Lodging Trust during the 3rd quarter worth $107,000. CreativeOne Wealth LLC acquired a new stake in RLJ Lodging Trust during the 4th quarter worth $111,000. Finally, Xponance Inc. bought a new position in shares of RLJ Lodging Trust during the fourth quarter worth $112,000. 92.35% of the stock is currently owned by institutional investors.

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.