RLJ Lodging Trust (NYSE:RLJ) Stock Has Consensus Target Price of $11.81

Key Points

• Analysts have a cautious outlook: RLJ Lodging Trust has a consensus rating of “Reduce,” with three sells, five holds and one buy. The average 12-month price target is $11.81, below the stock’s reported $12.61 price.
• Institutional ownership is high: Institutional investors hold 92.35% of the company, with several hedge funds recently initiating or expanding positions, including Donald Smith & Co. and Aegis Financial.
• Recent operating results exceeded expectations: RLJ reported quarterly EPS of $0.52 versus the $0.15 consensus estimate and revenue of $382.99 million. The company also pays a quarterly dividend of $0.15, representing a 4.8% annualized yield.

Shares of RLJ Lodging Trust (NYSE:RLJ - Get Free Report) have been assigned an average recommendation of "Reduce" from the nine analysts that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $11.81.

Several research firms have weighed in on RLJ. Weiss Ratings upgraded shares of RLJ Lodging Trust from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, October 23rd. LADENBURG THALM/SH SH raised their price target on RLJ Lodging Trust from $12.00 to $13.00 and gave the company a "neutral" rating in a report on Monday, August 10th. Wells Fargo & Company lifted their price objective on RLJ Lodging Trust from $9.00 to $11.00 and gave the stock an "underweight" rating in a research report on Thursday, July 23rd. Truist Financial boosted their price objective on RLJ Lodging Trust from $10.00 to $11.00 and gave the stock a "hold" rating in a report on Monday, September 21st. Finally, Bank of America increased their price objective on shares of RLJ Lodging Trust from $9.25 to $10.50 and gave the company an "underperform" rating in a report on Monday, July 20th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Donald Smith & CO. Inc. bought a new position in shares of RLJ Lodging Trust in the 2nd quarter valued at $145,895,000. Palisade Capital Management LP acquired a new stake in shares of RLJ Lodging Trust during the second quarter valued at about $13,440,000. Aegis Financial Corp boosted its stake in shares of RLJ Lodging Trust by 57.2% during the first quarter. Aegis Financial Corp now owns 1,999,425 shares of the real estate investment trust's stock valued at $14,836,000 after purchasing an additional 727,608 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of RLJ Lodging Trust during the second quarter worth about $7,482,000. Finally, Algert Global LLC bought a new stake in shares of RLJ Lodging Trust during the second quarter worth about $7,282,000. Institutional investors own 92.35% of the company's stock.

RLJ Lodging Trust Stock Performance

RLJ opened at $12.61 on Friday. The company has a current ratio of 5.71, a quick ratio of 5.71 and a debt-to-equity ratio of 1.50. The stock's 50 day simple moving average is $11.37 and its 200-day simple moving average is $9.87. RLJ Lodging Trust has a 1 year low of $6.68 and a 1 year high of $12.89. The stock has a market cap of $1.92 billion, a PE ratio of 8.83, a P/E/G ratio of 2.18 and a beta of 1.12.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.37. The firm had revenue of $382.99 million during the quarter, compared to analysts' expectations 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 for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.48 earnings per share. RLJ Lodging Trust has set its FY 2026 guidance at 1.370-1.500 EPS. Sell-side analysts forecast that RLJ Lodging Trust will post 1.34 EPS for the current year.

RLJ Lodging Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend was Wednesday, September 30th.

RLJ Lodging Trust Company Profile

RLJ Lodging Trust NYSE: RLJ is a self-advised real estate investment trust that owns a portfolio of premium-branded, focused-service and compact full-service hotels. The company's properties primarily operate under brands affiliated with Marriott International, Hilton Worldwide Holdings and Hyatt Hotels, among other major lodging companies.

RLJ's hotels are generally located in urban and densely populated areas, including major business and leisure markets across the United States. The properties provide guest accommodations and related hospitality services, while independent hotel management companies typically oversee day-to-day operations.

The company was formed in 2011 and is named after Robert L.

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