Shares of RLJ Lodging Trust (NYSE:RLJ - Get Free Report) have been assigned a consensus recommendation of "Reduce" from the nine brokerages that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $11.69.
RLJ has been the topic of several research reports. Wells Fargo & Company upped their price objective on RLJ Lodging Trust from $9.00 to $11.00 and gave the stock an "underweight" rating in a report on Thursday, July 23rd. Barclays boosted their target price on RLJ Lodging Trust from $9.50 to $11.00 and gave the stock an "underweight" rating in a research report on Thursday, August 27th. Weiss Ratings lowered RLJ Lodging Trust from a "hold (c)" rating to a "hold (c-)" rating in a research note on Tuesday, August 11th. UBS Group set a $13.00 price target on RLJ Lodging Trust in a report on Thursday, June 18th. Finally, Truist Financial lifted their price objective on RLJ Lodging Trust from $10.00 to $11.00 and gave the stock a "hold" rating in a research report on Monday, September 21st.
Get Our Latest Analysis on RLJ Lodging Trust
RLJ Lodging Trust Trading Down 0.6%
Shares of RLJ Lodging Trust stock opened at $11.15 on Tuesday. The stock has a market capitalization of $1.70 billion, a P/E ratio of 7.79 and a beta of 1.12. The company has a quick ratio of 5.71, a current ratio of 5.71 and a debt-to-equity ratio of 1.50. The company has a 50-day simple moving average of $11.27 and a 200 day simple moving average of $10.25. RLJ Lodging Trust has a 12-month low of $6.54 and a 12-month high of $12.89.
RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.37. The company had revenue of $382.99 million during the quarter, compared to analyst estimates of $370.49 million. RLJ Lodging Trust had a net margin of 2.00% and a return on equity of 1.52%. The company's revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the business posted $0.48 earnings per share. RLJ Lodging Trust has set its FY 2026 guidance at 1.370-1.500 EPS. Research analysts expect that RLJ Lodging Trust will post 1.33 earnings per share for the current fiscal year.
RLJ Lodging Trust Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date is Wednesday, September 30th.
Institutional Trading of RLJ Lodging Trust
Institutional investors and hedge funds have recently modified their holdings of the stock. Cim Investment Management Inc. lifted its holdings in shares of RLJ Lodging Trust by 7.3% during the 2nd quarter. Cim Investment Management Inc. now owns 21,889 shares of the real estate investment trust's stock valued at $259,000 after purchasing an additional 1,485 shares in the last quarter. Engineers Gate Manager LP increased its stake in RLJ Lodging Trust by 98.0% during the 2nd quarter. Engineers Gate Manager LP now owns 80,577 shares of the real estate investment trust's stock worth $955,000 after purchasing an additional 39,877 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in RLJ Lodging Trust during the 2nd quarter worth approximately $1,640,000. Readystate Asset Management LP acquired a new stake in RLJ Lodging Trust during the 2nd quarter worth approximately $1,377,000. Finally, Aegis Financial Corp lifted its stake in RLJ Lodging Trust by 2.5% in the second quarter. Aegis Financial Corp now owns 2,049,425 shares of the real estate investment trust's stock valued at $24,286,000 after buying an additional 50,000 shares in the last quarter. 92.35% of the stock is owned by institutional investors.
RLJ Lodging Trust Company Profile
(
Get Free Report)
RLJ Lodging Trust NYSE: RLJ is a real estate investment trust that owns a portfolio of premium-branded, focused-service and compact full-service hotels in the United States. The company's properties primarily serve business and leisure travelers and are located in urban, suburban and resort-oriented markets.
RLJ's hotels operate under well-known hospitality brands, including Marriott, Hilton, Hyatt and other major lodging systems. Its properties provide accommodations and related services such as guest rooms, meeting facilities, food and beverage offerings, and other amenities.
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