RLJ Lodging Trust - RLJ Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for RLJ Lodging Trust in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" RLJ shares.
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4 Wall Street research analysts have issued 12 month price objectives for RLJ Lodging Trust's shares. Their RLJ share price forecasts range from $15.00 to $20.00. On average, they predict the company's share price to reach $17.20 in the next year. This suggests a possible upside of 37.1% from the stock's current price.
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RLJ Lodging Trust's stock was trading at $13.93 at the start of the year. Since then, RLJ shares have decreased by 9.9% and is now trading at $12.55.
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RLJ Lodging Trust saw a increase in short interest in the month of July. As of July 15th, there was short interest totaling 11,140,000 shares, an increase of 27.8% from the June 30th total of 8,720,000 shares. Based on an average trading volume of 1,840,000 shares, the days-to-cover ratio is presently 6.1 days. Currently, 6.8% of the shares of the stock are short sold.
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RLJ Lodging Trust is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
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RLJ Lodging Trust (NYSE:RLJ) issued its quarterly earnings data on Wednesday, May, 4th. The real estate investment trust reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by $0.30. The real estate investment trust earned $242.90 million during the quarter, compared to the consensus estimate of $239.79 million. RLJ Lodging Trust had a negative net margin of 15.12% and a negative trailing twelve-month return on equity of 7.69%. RLJ Lodging Trust's quarterly revenue was up 103.2% compared to the same quarter last year. During the same quarter last year, the company earned ($0.18) earnings per share.

RLJ Lodging Trust announced a quarterly dividend on Thursday, August 4th. Shareholders of record on Friday, September 30th will be paid a dividend of $0.05 per share on Monday, October 17th. This represents a $0.20 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Thursday, September 29th. This is an increase from the stock's previous quarterly dividend of $0.01.
Read our dividend analysis for RLJ.

RLJ Lodging Trust (NYSE:RLJ) pays an annual dividend of $0.04 per share and currently has a dividend yield of 0.32%.
Read our dividend analysis for RLJ.

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 a variety of institutional and retail investors. Top institutional shareholders include Securian Asset Management Inc. (0.28%), Sumitomo Mitsui Trust Holdings Inc. (0.22%), Allspring Global Investments Holdings LLC (0.20%), Russell Investments Group Ltd. (0.19%), Asset Management One Co. Ltd. (0.16%) and Strs Ohio (0.13%). Insiders that own company stock include Forgia Robert M La, 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 $12.55.

RLJ Lodging Trust (NYSE:RLJ) has a market capitalization of $2.09 billion and generates $785.66 million in revenue each year. The real estate investment trust earns $-305,170,000.00 in net income (profit) each year or ($1.12) on an earnings per share basis.

RLJ Lodging Trust employs 76 workers across the globe.

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.