RLJ Lodging Trust (RLJ) Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for RLJ Lodging Trust in the last twelve months. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" RLJ shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RLJ, but not buy additional shares or sell existing shares.
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6 Wall Street research analysts have issued 12 month price objectives for RLJ Lodging Trust's stock. Their RLJ share price forecasts range from $11.00 to $18.00. On average, they predict the company's share price to reach $14.14 in the next twelve months. This suggests a possible upside of 44.5% from the stock's current price.
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RLJ Lodging Trust's stock was trading at $10.59 at the beginning of the year. Since then, RLJ shares have decreased by 7.6% and is now trading at $9.79.
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RLJ Lodging Trust saw a drop in short interest in September. As of September 15th, there was short interest totaling 9,340,000 shares, a drop of 26.1% from the August 31st total of 12,640,000 shares. Based on an average daily trading volume, of 1,930,000 shares, the short-interest ratio is currently 4.8 days. Approximately 6.1% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our RLJ earnings forecast.

RLJ Lodging Trust will be holding an earnings conference call on Thursday, November 2nd at 12:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13741081".

RLJ Lodging Trust (NYSE:RLJ) announced its quarterly earnings results on Monday, February, 27th. The real estate investment trust reported $0.33 EPS for the quarter, beating the consensus estimate of $0.29 by $0.04. The real estate investment trust earned $302.20 million during the quarter, compared to the consensus estimate of $304.99 million. RLJ Lodging Trust had a net margin of 5.90% and a trailing twelve-month return on equity of 3.72%. The business's revenue for the quarter was up 26.9% compared to the same quarter last year. During the same period last year, the company earned $0.14 earnings per share.

RLJ Lodging Trust declared a quarterly dividend on Thursday, August 3rd. Investors of record on Saturday, September 30th will be given a dividend of $0.10 per share on Tuesday, October 17th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date of this dividend is Thursday, September 28th. This is an increase from the stock's previous quarterly dividend of $0.08.
Read our dividend analysis for RLJ.

ETFs with the largest weight of RLJ Lodging Trust (NYSE:RLJ) stock in their portfolio include ALPS REIT Dividend Dogs ETF (RDOG), Nuveen Short-Term REIT ETF (NURE), Fidelity Real Estate Investment ETF (FPRO), Kelly Hotel & Lodging Sector ETF (HOTL) and Invesco Real Assets ESG ETF (IVRA).Hypatia Women Ceo ETF (WCEO).

RLJ Lodging Trust (NYSE:RLJ) pays an annual dividend of $0.40 per share and currently has a dividend yield of 4.09%. RLJ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 125.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, RLJ will have a dividend payout ratio of 25.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RLJ.

RLJ Lodging Trust issued an update on its third quarter 2023 earnings guidance on Friday, August, 4th. The company provided earnings per share guidance of $0.37-$0.44 for the period, compared to the consensus estimate of $0.39. The company issued revenue guidance of -.

Based on aggregate information from My MarketBeat watchlists, some companies that other RLJ Lodging Trust investors own include AT&T (T), Blackstone (BX), Enterprise Products Partners (EPD), Iron Mountain (IRM), VEREIT (VER), Starwood Property Trust (STWD), Macerich (MAC), New Residential Investment (NRZ), AGNC Investment (AGNC) and Energy Transfer (ET).

RLJ Lodging Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "RLJ."

Shares of RLJ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of RLJ stock can currently be purchased for approximately $9.79.

RLJ Lodging Trust (NYSE:RLJ) has a market capitalization of $1.54 billion and generates $1.19 billion in revenue each year. The real estate investment trust earns $41.92 million in net income (profit) each year or $0.32 on an earnings per share basis.

RLJ Lodging Trust's mailing address is 3 BETHESDA METRO CENTER SUITE 1000, BETHESDA MD, 20814. The official website for the company is www.rljlodgingtrust.com. The real estate investment trust can be reached via phone at (301) 280-7777, via email at ir@rljlodgingtrust.com, or via fax at 301-280-7750.