RLJ Lodging Trust (NYSE:RLJ) Given Consensus Rating of "Hold" by Brokerages

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) has been given a consensus recommendation of "Hold" by the eight analysts that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $10.82.

A number of analysts have recently commented on RLJ shares. Truist Financial downgraded RLJ Lodging Trust from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $11.00 to $10.00 in a report on Friday, March 21st. KeyCorp reduced their price objective on RLJ Lodging Trust from $14.00 to $12.00 and set an "overweight" rating on the stock in a research note on Monday, March 24th. StockNews.com downgraded shares of RLJ Lodging Trust from a "hold" rating to a "sell" rating in a research report on Tuesday, April 29th. Finally, Wells Fargo & Company lowered their target price on RLJ Lodging Trust from $10.50 to $9.75 and set an "underweight" rating for the company in a research note on Tuesday, February 18th.

Insider Transactions at RLJ Lodging Trust

In related news, Director Patricia L. Gibson bought 10,000 shares of the firm's stock in a transaction on Friday, March 28th. The stock was bought at an average cost of $8.03 per share, for a total transaction of $80,300.00. Following the completion of the purchase, the director now directly owns 124,217 shares in the company, valued at approximately $997,462.51. The trade was a 8.76 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.60% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC increased its holdings in shares of RLJ Lodging Trust by 97.4% in the 3rd quarter. Barclays PLC now owns 271,749 shares of the real estate investment trust's stock worth $2,495,000 after acquiring an additional 134,093 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of RLJ Lodging Trust by 4.9% during the third quarter. JPMorgan Chase & Co. now owns 5,166,593 shares of the real estate investment trust's stock valued at $47,429,000 after buying an additional 240,254 shares during the last quarter. Vert Asset Management LLC grew its holdings in RLJ Lodging Trust by 26.5% in the 4th quarter. Vert Asset Management LLC now owns 60,726 shares of the real estate investment trust's stock worth $620,000 after buying an additional 12,714 shares in the last quarter. abrdn plc grew its holdings in RLJ Lodging Trust by 30.6% in the 4th quarter. abrdn plc now owns 40,417 shares of the real estate investment trust's stock worth $416,000 after buying an additional 9,474 shares in the last quarter. Finally, Choreo LLC increased its position in RLJ Lodging Trust by 26.8% in the 4th quarter. Choreo LLC now owns 45,054 shares of the real estate investment trust's stock valued at $464,000 after acquiring an additional 9,523 shares during the period. 92.35% of the stock is currently owned by institutional investors.

RLJ Lodging Trust Trading Up 2.3 %

Shares of RLJ Lodging Trust stock traded up $0.16 during trading hours on Tuesday, reaching $7.27. 3,696,375 shares of the company's stock were exchanged, compared to its average volume of 1,801,040. RLJ Lodging Trust has a 52-week low of $6.16 and a 52-week high of $10.87. The company has a fifty day moving average of $7.90 and a 200-day moving average of $9.14. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 25.07, a price-to-earnings-growth ratio of 2.87 and a beta of 1.51.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.33 EPS for the quarter, beating analysts' consensus estimates of ($0.03) by $0.36. RLJ Lodging Trust had a net margin of 5.19% and a return on equity of 3.58%. The company had revenue of $329.99 million during the quarter, compared to the consensus estimate of $324.66 million. Sell-side analysts forecast that RLJ Lodging Trust will post 1.37 EPS for the current fiscal year.

RLJ Lodging Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 8.25%. The ex-dividend date of this dividend was Monday, March 31st. RLJ Lodging Trust's payout ratio is currently 222.22%.

About RLJ Lodging Trust

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.