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

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) has been assigned a consensus recommendation of "Hold" from the eight brokerages that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $7.50.

A number of analysts recently weighed in on RLJ shares. LADENBURG THALM/SH SH started coverage on RLJ Lodging Trust in a research note on Thursday, March 26th. They issued a "neutral" rating and a $8.50 price target on the stock. Weiss Ratings upgraded RLJ Lodging Trust from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Monday. Wall Street Zen upgraded RLJ Lodging Trust from a "sell" rating to a "hold" rating in a research note on Saturday. Zacks Research upgraded RLJ Lodging Trust from a "strong sell" rating to a "hold" rating in a research note on Monday, January 12th. Finally, Truist Financial decreased their price target on RLJ Lodging Trust from $8.00 to $7.00 and set a "hold" rating on the stock in a research note on Monday, April 6th.

RLJ Lodging Trust Trading Up 1.3%

NYSE:RLJ opened at $8.97 on Friday. The firm has a market cap of $1.36 billion, a P/E ratio of -896.50 and a beta of 1.09. The company has a current ratio of 2.89, a quick ratio of 2.96 and a debt-to-equity ratio of 1.22. The stock's 50 day simple moving average is $7.87 and its 200-day simple moving average is $7.66. RLJ Lodging Trust has a 12-month low of $6.54 and a 12-month high of $8.98.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last posted its quarterly earnings results on Monday, May 4th. The real estate investment trust reported ($0.05) earnings per share for the quarter, beating analysts' consensus estimates of ($0.07) by $0.02. RLJ Lodging Trust had a return on equity of 1.37% and a net margin of 1.84%.The firm had revenue of $339.98 million for the quarter, compared to the consensus estimate of $323.51 million. During the same period in the previous year, the business earned $0.31 earnings per share. The company's revenue for the quarter was up 3.6% compared to the same quarter last year. Equities analysts anticipate that RLJ Lodging Trust will post 1.22 EPS for the current year.

RLJ Lodging Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a $0.15 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.7%. RLJ Lodging Trust's payout ratio is -6,000.00%.

Institutional Trading of RLJ Lodging Trust

A number of institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. boosted its position in RLJ Lodging Trust by 29.8% during the first quarter. PNC Financial Services Group Inc. now owns 5,992 shares of the real estate investment trust's stock worth $44,000 after purchasing an additional 1,374 shares in the last quarter. Federation des caisses Desjardins du Quebec boosted its position in RLJ Lodging Trust by 17.8% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 10,972 shares of the real estate investment trust's stock worth $82,000 after purchasing an additional 1,661 shares in the last quarter. State of Wyoming boosted its position in RLJ Lodging Trust by 23.6% during the third quarter. State of Wyoming now owns 9,120 shares of the real estate investment trust's stock worth $66,000 after purchasing an additional 1,741 shares in the last quarter. M&G PLC boosted its position in RLJ Lodging Trust by 8.2% during the third quarter. M&G PLC now owns 24,355 shares of the real estate investment trust's stock worth $170,000 after purchasing an additional 1,845 shares in the last quarter. Finally, Deutsche Bank AG boosted its position in RLJ Lodging Trust by 1.4% during the fourth quarter. Deutsche Bank AG now owns 181,568 shares of the real estate investment trust's stock worth $1,353,000 after purchasing an additional 2,453 shares in the last quarter. 92.35% of the stock is currently owned by hedge funds and other institutional investors.

About RLJ Lodging Trust

RLJ Lodging Trust is a self-managed, publicly traded real estate investment trust (REIT) that acquires, owns and operates premium-branded, focused-service and compact full-service hotels. The company's portfolio is concentrated in major U.S. markets, targeting properties that benefit from strong corporate and leisure demand, limited new supply and established brand affiliations.

The trust's hotels are affiliated with leading global lodging brands across the spectrum of service levels, including lifestyle and upscale segments.

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