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 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" RLJ shares.
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6 equities research analysts have issued 12-month price targets for RLJ Lodging Trust's stock. Their RLJ share price forecasts range from $13.50 to $20.00. On average, they predict the company's stock price to reach $15.79 in the next year. This suggests a possible upside of 57.1% from the stock's current price.
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RLJ Lodging Trust's stock was trading at $10.59 at the start of the year. Since then, RLJ stock has decreased by 5.1% and is now trading at $10.05.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
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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, topping 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 trailing twelve-month return on equity of 2.04% and a net margin of 3.51%. RLJ Lodging Trust's quarterly revenue was up 26.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.14 earnings per share.

RLJ Lodging Trust declared a quarterly dividend on Monday, February 27th. Shareholders of record on Friday, March 31st will be paid a dividend of $0.08 per share on Monday, April 17th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date is Thursday, March 30th. This is a boost from the stock's previous quarterly dividend of $0.05.
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), Kelly Hotel & Lodging Sector ETF (HOTL), Nuveen Short-Term REIT ETF (NURE), Fidelity Real Estate Investment ETF (FPRO), Defiance Hotel, Airline, and Cruise ETF (CRUZ), First Trust Small Cap Value AlphaDEX Fund (FYT), Invesco Active U.S. Real Estate ETF (PSR) and FlexShares Global Quality Real Estate Index Fund (GQRE).

RLJ Lodging Trust (NYSE:RLJ) pays an annual dividend of $0.20 per share and currently has a dividend yield of 2.08%. 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 200.02%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for RLJ.

RLJ Lodging Trust updated its first quarter 2023 earnings guidance on Monday, February, 27th. The company provided earnings per share guidance of $0.29-$0.33 for the period, compared to the consensus EPS estimate of $0.35. 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."

RLJ Lodging Trust's stock is owned by many different retail and institutional investors. Top institutional shareholders include JPMorgan Chase & Co. (2.91%), Fisher Asset Management LLC (2.27%), Geode Capital Management LLC (2.04%), Charles Schwab Investment Management Inc. (2.04%), Norges Bank (1.98%) and Palisade Capital Management LP (1.42%). Insiders that own company stock include Nathaniel A Davis and Patricia L Gibson.
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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 $10.05.

RLJ Lodging Trust (NYSE:RLJ) has a market capitalization of $1.63 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 $0.10 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.