RLJ Lodging Trust (NYSE:RLJ) Receives $13.90 Average Target Price from Brokerages

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) has been given an average recommendation of "Moderate Buy" by the five ratings firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $13.90.

A number of equities research analysts have recently weighed in on the company. Wolfe Research initiated coverage on RLJ Lodging Trust in a research note on Wednesday, January 10th. They issued an "outperform" rating and a $15.00 target price for the company. Oppenheimer increased their price objective on RLJ Lodging Trust from $14.00 to $15.00 and gave the company an "outperform" rating in a research note on Thursday, February 29th. Truist Financial upped their price target on shares of RLJ Lodging Trust from $13.00 to $14.00 and gave the company a "buy" rating in a report on Friday, December 22nd. StockNews.com raised shares of RLJ Lodging Trust from a "sell" rating to a "hold" rating in a report on Monday, March 18th. Finally, Wells Fargo & Company boosted their price objective on shares of RLJ Lodging Trust from $11.00 to $12.50 and gave the company an "equal weight" rating in a research report on Friday, December 22nd.

RLJ Lodging Trust Price Performance

NYSE RLJ traded up $0.12 on Friday, reaching $11.03. 1,036,789 shares of the company's stock traded hands, compared to its average volume of 1,279,209. The stock has a market cap of $1.72 billion, a PE ratio of 34.47, a P/E/G ratio of 0.89 and a beta of 1.71. RLJ Lodging Trust has a 12 month low of $9.06 and a 12 month high of $12.39. The stock has a 50-day simple moving average of $11.75 and a 200 day simple moving average of $11.14. The company has a debt-to-equity ratio of 1.12, a current ratio of 3.46 and a quick ratio of 3.46.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last announced its quarterly earnings data on Monday, February 26th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.04. The company had revenue of $319.70 million during the quarter, compared to analysts' expectations of $313.34 million. RLJ Lodging Trust had a net margin of 5.76% and a return on equity of 3.79%. The firm's revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 EPS. As a group, research analysts predict that RLJ Lodging Trust will post 1.56 earnings per share for the current year.

RLJ Lodging Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date was Wednesday, March 27th. RLJ Lodging Trust's payout ratio is currently 125.00%.

Institutional Investors Weigh In On RLJ Lodging Trust

Institutional investors and hedge funds have recently modified their holdings of the stock. Point72 Middle East FZE purchased a new position in shares of RLJ Lodging Trust during the fourth quarter valued at about $38,000. Quarry LP bought a new stake in shares of RLJ Lodging Trust during the second quarter valued at approximately $37,000. Tower Research Capital LLC TRC grew its stake in RLJ Lodging Trust by 319.5% in the first quarter. Tower Research Capital LLC TRC now owns 3,713 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 2,828 shares during the period. Lazard Asset Management LLC purchased a new stake in RLJ Lodging Trust in the second quarter worth $44,000. Finally, Hazelview Securities Inc. bought a new position in RLJ Lodging Trust in the first quarter worth $82,000. 92.35% of the stock is owned by hedge funds and other 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.