Truist Financial Issues Positive Forecast for RLJ Lodging Trust (NYSE:RLJ) Stock Price

Key Points

• Truist Financial raised RLJ Lodging Trust’s price target from $10 to $11 while maintaining a “hold” rating, implying about 1.83% upside from the previous close.
• Analyst sentiment remains mixed: RLJ has a consensus “Reduce” rating, with two Buy, five Hold, and three Sell ratings and an average target price of $11.22.
• RLJ reported quarterly EPS of $0.52, beating the $0.15 consensus estimate, while revenue rose 5.5% year over year to $382.99 million; institutional investors own 92.35% of the stock.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) had its target price increased by investment analysts at Truist Financial from $10.00 to $11.00 in a report issued on Monday, Benzinga reports. The brokerage currently has a "hold" rating on the real estate investment trust's stock. Truist Financial's target price would suggest a potential upside of 1.83% from the stock's previous close.

Several other analysts also recently weighed in on RLJ. Oppenheimer reissued an "outperform" rating and issued a $13.00 price target (up from $10.00) on shares of RLJ Lodging Trust in a research note on Thursday, June 18th. Weiss Ratings downgraded RLJ Lodging Trust from a "hold (c)" rating to a "hold (c-)" rating in a report on Tuesday, August 11th. LADENBURG THALM/SH SH boosted their target price on RLJ Lodging Trust from $12.00 to $13.00 and gave the company a "neutral" rating in a research note on Monday, August 10th. Zacks Research cut RLJ Lodging Trust from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 4th. Finally, Raymond James Financial lowered RLJ Lodging Trust from a "strong-buy" rating to an "outperform" rating and raised their price target for the stock from $9.00 to $11.00 in a research report on Thursday, May 28th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Reduce" and an average price target of $11.22.

RLJ Lodging Trust Trading Up 0.1%

RLJ stock opened at $10.80 on Monday. The company has a market capitalization of $1.65 billion, a PE ratio of 7.49 and a beta of 1.08. RLJ Lodging Trust has a one year low of $6.54 and a one year high of $12.89. The company's 50 day moving average price is $11.47 and its two-hundred day moving average price is $9.99. The company has a debt-to-equity ratio of 1.50, a quick ratio of 5.71 and a current ratio of 5.71.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.37. RLJ Lodging Trust had a net margin of 2.00% and a return on equity of 1.52%. The company had revenue of $382.99 million during the quarter, compared to analysts' expectations of $370.49 million. During the same quarter in the prior year, the company earned $0.48 EPS. The firm's revenue was up 5.5% on a year-over-year basis. RLJ Lodging Trust has set its FY 2026 guidance at 1.370-1.500 EPS. As a group, analysts predict that RLJ Lodging Trust will post 1.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On RLJ Lodging Trust

A number of hedge funds have recently modified their holdings of RLJ. PNC Financial Services Group Inc. boosted its holdings in shares of RLJ Lodging Trust by 29.8% during the first quarter. PNC Financial Services Group Inc. now owns 5,992 shares of the real estate investment trust's stock worth $44,000 after purchasing an additional 1,374 shares during the period. Sequoia Financial Advisors LLC purchased a new position in RLJ Lodging Trust during the 1st quarter valued at about $108,000. State of Wyoming raised its position in RLJ Lodging Trust by 12.3% during the 1st quarter. State of Wyoming now owns 17,904 shares of the real estate investment trust's stock valued at $133,000 after purchasing an additional 1,963 shares during the last quarter. Beacon Pointe Advisors LLC bought a new position in RLJ Lodging Trust during the 2nd quarter valued at approximately $201,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in RLJ Lodging Trust by 25.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 55,817 shares of the real estate investment trust's stock worth $414,000 after buying an additional 11,367 shares during the period. Hedge funds and other institutional investors own 92.35% of the company's stock.

About RLJ Lodging Trust

RLJ Lodging Trust is a self-managed real estate investment trust that owns and operates a portfolio of premium-branded, focused-service and compact full-service hotels in the United States. Its properties are generally located in urban and high-barrier-to-entry suburban markets, with an emphasis on business, leisure and other demand-generating locations.

The company's hotels operate under well-known brands, including offerings affiliated with Marriott International, Hilton Worldwide, Hyatt Hotels and InterContinental Hotels Group.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.