RLJ Lodging Trust (NYSE:RLJ) Stock Price Crosses Above 200 Day Moving Average - Here's What Happened

Key Points

• RLJ Lodging Trust shares rose above their 200-day moving average, reaching $11.62 and last trading near $11.61, compared with a 200-day average of $10.40.
• Analysts remain cautious: RLJ has an average “Reduce” rating, with one Buy, five Hold, and three Sell ratings, alongside a consensus price target of $11.81.
• The company exceeded quarterly earnings and revenue expectations and declared a quarterly dividend of $0.15, equating to an annualized payout of $0.60 and a 5.2% yield.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $10.40 and traded as high as $11.62. RLJ Lodging Trust shares last traded at $11.6140, with a volume of 1,509,260 shares changing hands.

Wall Street Analysts Forecast Growth

RLJ has been the subject of several analyst reports. Wells Fargo & Company raised their target price 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. Bank of America lifted their target price on RLJ Lodging Trust from $9.25 to $10.50 and gave the stock an "underperform" rating in a report on Monday, July 20th. Truist Financial upped their price target on RLJ Lodging Trust from $10.00 to $11.00 and gave the company a "hold" rating in a research report on Monday, September 21st. Raymond James Financial cut RLJ Lodging Trust from an "outperform" rating to a "market perform" rating in a research note on Monday, September 28th. Finally, Zacks Research downgraded RLJ Lodging Trust from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Reduce" and a consensus price target of $11.81.

RLJ Lodging Trust Trading Up 2.9%

The firm's 50-day moving average price is $11.14 and its 200 day moving average price is $10.40. The company has a market cap of $1.77 billion, a price-to-earnings ratio of 7.84 and a beta of 1.12. The company has a current ratio of 5.71, a quick ratio of 5.71 and a debt-to-equity ratio of 1.50.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last released its earnings results 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. The company had revenue of $382.99 million for the quarter, compared to the consensus estimate of $370.49 million. RLJ Lodging Trust had a net margin of 2.00% and a return on equity of 1.52%. RLJ Lodging Trust's quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.48 EPS. RLJ Lodging Trust has set its FY 2026 guidance at 1.370-1.500 EPS. As a group, equities analysts expect that RLJ Lodging Trust will post 1.33 EPS for the current year.

RLJ Lodging Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend is Wednesday, September 30th.

Hedge Funds Weigh In On RLJ Lodging Trust

Several institutional investors have recently made changes to their positions in RLJ. GAMMA Investing LLC increased its position in RLJ Lodging Trust by 33.2% in the 3rd quarter. GAMMA Investing LLC now owns 3,837 shares of the real estate investment trust's stock valued at $42,000 after buying an additional 957 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in RLJ Lodging Trust by 29.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,992 shares of the real estate investment trust's stock worth $44,000 after buying an additional 1,374 shares during the period. Sequoia Financial Advisors LLC acquired a new position in RLJ Lodging Trust during the 1st quarter worth approximately $108,000. Beacon Pointe Advisors LLC bought a new position in RLJ Lodging Trust in the second quarter worth approximately $201,000. Finally, State of Wyoming boosted its holdings in RLJ Lodging Trust by 12.3% in the first quarter. State of Wyoming now owns 17,904 shares of the real estate investment trust's stock worth $133,000 after acquiring an additional 1,963 shares in the last quarter. Institutional investors and hedge funds own 92.35% of the company's stock.

About RLJ Lodging Trust

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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