According to Zacks, “RLJ Lodging Trust is a REIT focused on investing primarily in premium-branded, focused-service, and compact full-service hotels. It plans to own hotels concentrated in urban and dense suburban markets. “
A number of other equities analysts also recently issued reports on RLJ. Barclays set a $22.00 price target on RLJ Lodging Trust and gave the stock a buy rating in a research report on Tuesday, March 5th. Wells Fargo & Co reissued a hold rating on shares of RLJ Lodging Trust in a research report on Friday, January 25th. KeyCorp set a $23.00 price target on RLJ Lodging Trust and gave the stock a buy rating in a research report on Thursday, December 20th. Finally, TheStreet downgraded RLJ Lodging Trust from a b- rating to a c+ rating in a research report on Thursday, January 3rd. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $22.33.
RLJ opened at $18.42 on Friday. RLJ Lodging Trust has a 12-month low of $15.91 and a 12-month high of $23.97. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.17 and a current ratio of 2.17. The firm has a market cap of $3.20 billion, a PE ratio of 8.15, a PEG ratio of 1.69 and a beta of 1.37.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 7.17%. The ex-dividend date was Thursday, March 28th. RLJ Lodging Trust’s payout ratio is currently 58.41%.
A number of hedge funds have recently modified their holdings of RLJ. Norges Bank bought a new stake in RLJ Lodging Trust during the fourth quarter valued at about $32,306,000. PGGM Investments bought a new stake in RLJ Lodging Trust during the first quarter valued at about $30,144,000. Nordea Investment Management AB bought a new stake in RLJ Lodging Trust during the third quarter valued at about $10,984,000. Geode Capital Management LLC boosted its position in RLJ Lodging Trust by 20.1% during the fourth quarter. Geode Capital Management LLC now owns 2,710,922 shares of the real estate investment trust’s stock valued at $44,459,000 after purchasing an additional 453,816 shares in the last quarter. Finally, Hill Winds Capital LP bought a new stake in RLJ Lodging Trust during the fourth quarter valued at about $7,055,000. 98.50% of the stock is currently owned by institutional investors.
About RLJ Lodging Trust
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 consists of 150 hotels with approximately 28,600 rooms, located in 25 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.
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