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

Shares of RLJ Lodging Trust (NYSE:RLJ - Get Free Report) have received a consensus recommendation of "Hold" from the seven analysts that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $9.50.

Several research analysts have recently weighed in on the company. Oppenheimer lowered their target price on RLJ Lodging Trust from $12.00 to $11.00 and set an "outperform" rating on the stock in a report on Thursday, May 8th. Wells Fargo & Company raised their target price on RLJ Lodging Trust from $6.00 to $7.00 and gave the stock an "underweight" rating in a research note on Tuesday, July 1st. Truist Financial lowered their price target on shares of RLJ Lodging Trust from $10.00 to $7.00 and set a "hold" rating on the stock in a research report on Monday, June 9th. KeyCorp cut their price objective on shares of RLJ Lodging Trust from $14.00 to $12.00 and set an "overweight" rating for the company in a research report on Monday, March 24th. Finally, Wall Street Zen downgraded shares of RLJ Lodging Trust from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of RLJ. KBC Group NV purchased a new stake in shares of RLJ Lodging Trust in the 1st quarter valued at approximately $27,000. GF Fund Management CO. LTD. acquired a new stake in RLJ Lodging Trust in the 4th quarter valued at approximately $29,000. Versant Capital Management Inc increased its holdings in RLJ Lodging Trust by 402.7% in the 1st quarter. Versant Capital Management Inc now owns 3,675 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 2,944 shares during the last quarter. US Bancorp DE raised its position in RLJ Lodging Trust by 78.2% in the fourth quarter. US Bancorp DE now owns 3,230 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 1,417 shares during the period. Finally, Blueshift Asset Management LLC acquired a new position in RLJ Lodging Trust during the first quarter worth $82,000. Institutional investors and hedge funds own 92.35% of the company's stock.

RLJ Lodging Trust Price Performance

NYSE RLJ traded down $0.05 during mid-day trading on Friday, hitting $7.60. The stock had a trading volume of 1,315,546 shares, compared to its average volume of 2,164,685. The firm's 50 day moving average is $7.39 and its 200 day moving average is $8.26. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.57 and a quick ratio of 2.57. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 29.24, a PEG ratio of 2.48 and a beta of 1.47. RLJ Lodging Trust has a twelve month low of $6.16 and a twelve month high of $10.84.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last issued its earnings results on Monday, May 5th. The real estate investment trust reported $0.31 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.01. RLJ Lodging Trust had a net margin of 4.84% and a return on equity of 3.43%. The business had revenue of $328.12 million during the quarter, compared to analysts' expectations of $328.08 million. During the same period in the prior year, the business earned $0.33 earnings per share. The company's quarterly revenue was up 1.1% compared to the same quarter last year. Equities research analysts forecast that RLJ Lodging Trust will post 1.37 earnings per share for the current fiscal year.

RLJ Lodging Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.89%. The ex-dividend date of this dividend was Monday, June 30th. RLJ Lodging Trust's payout ratio is 230.77%.

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.