Brokerages Set RLJ Lodging Trust (NYSE:RLJ) PT at $8.64

Shares of RLJ Lodging Trust (NYSE:RLJGet Free Report) have been assigned a consensus rating of “Hold” from the nine ratings firms that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, three have given a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $8.6429.

Several brokerages have recently commented on RLJ. Barclays started coverage on RLJ Lodging Trust in a report on Tuesday, January 6th. They set an “underweight” rating and a $6.00 target price on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of RLJ Lodging Trust in a report on Monday, December 29th. Raymond James Financial upgraded shares of RLJ Lodging Trust from a “market perform” rating to a “strong-buy” rating and set a $9.00 price objective for the company in a research report on Wednesday, November 12th. Finally, Zacks Research raised shares of RLJ Lodging Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th.

Read Our Latest Stock Analysis on RLJ

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its position in shares of 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 during the last quarter. Daytona Street Capital LLC acquired a new stake in RLJ Lodging Trust in the fourth quarter worth about $28,000. PNC Financial Services Group Inc. increased its position in RLJ Lodging Trust by 166.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,618 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 2,887 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in RLJ Lodging Trust during the 3rd quarter worth about $36,000. Finally, KBC Group NV lifted its position in RLJ Lodging Trust by 55.2% during the 2nd quarter. KBC Group NV now owns 5,258 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 1,870 shares during the period. 92.35% of the stock is currently owned by institutional investors.

Key Stories Impacting RLJ Lodging Trust

Here are the key news stories impacting RLJ Lodging Trust this week:

RLJ Lodging Trust Stock Performance

NYSE:RLJ opened at $8.02 on Monday. The stock has a market capitalization of $1.21 billion, a P/E ratio of 400.75 and a beta of 1.12. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.21. RLJ Lodging Trust has a 1 year low of $6.16 and a 1 year high of $9.63. The firm has a 50 day moving average of $7.80 and a 200-day moving average of $7.51.

RLJ Lodging Trust (NYSE:RLJGet Free Report) last released its quarterly earnings results on Thursday, February 26th. The real estate investment trust reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. RLJ Lodging Trust had a return on equity of 1.53% and a net margin of 2.11%.The business had revenue of $328.59 million for the quarter, compared to analyst estimates of $317.95 million. During the same period in the prior year, the company earned $0.33 EPS. RLJ Lodging Trust’s revenue for the quarter was down .4% on a year-over-year basis. RLJ Lodging Trust has set its FY 2026 guidance at 1.210-1.410 EPS. As a group, sell-side analysts anticipate that RLJ Lodging Trust will post 1.37 EPS for the current fiscal year.

RLJ Lodging Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 7.5%. The ex-dividend date was Wednesday, December 31st. RLJ Lodging Trust’s payout ratio is 1,200.00%.

RLJ Lodging Trust Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for RLJ Lodging Trust (NYSE:RLJ)

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