Shares of RLJ Lodging Trust (NYSE:RLJ) have received a consensus recommendation of “Hold” from the eleven research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $12.06.
Several equities research analysts recently commented on the stock. SunTrust Banks raised shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating and boosted their price target for the stock from $7.00 to $8.00 in a report on Friday, July 24th. Robert W. Baird lowered shares of RLJ Lodging Trust from an “outperform” rating to a “neutral” rating and set a $13.00 price target for the company. in a report on Wednesday, June 10th. They noted that the move was a valuation call. Capital One Financial raised shares of RLJ Lodging Trust from an “equal weight” rating to an “overweight” rating and set a $11.50 price target for the company in a report on Monday, June 29th. Wells Fargo & Co cut their price target on shares of RLJ Lodging Trust from $15.00 to $9.00 and set an “equal weight” rating for the company in a report on Wednesday, July 22nd. Finally, Barclays boosted their price target on shares of RLJ Lodging Trust from $9.00 to $11.00 and gave the stock an “equal weight” rating in a report on Monday, June 22nd.
NYSE:RLJ opened at $8.01 on Tuesday. The company has a debt-to-equity ratio of 1.00, a current ratio of 5.52 and a quick ratio of 5.52. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 29.67 and a beta of 1.80. The company has a 50 day moving average price of $9.08 and a 200-day moving average price of $10.77. RLJ Lodging Trust has a 1-year low of $3.88 and a 1-year high of $18.17.
RLJ Lodging Trust (NYSE:RLJ) last posted its earnings results on Tuesday, May 12th. The real estate investment trust reported ($0.21) earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.45). The firm had revenue of $265.50 million for the quarter, compared to analysts’ expectations of $261.41 million. RLJ Lodging Trust had a net margin of 4.98% and a return on equity of 2.50%. RLJ Lodging Trust’s revenue for the quarter was down 33.5% compared to the same quarter last year. During the same period last year, the firm earned $0.48 earnings per share. On average, sell-side analysts anticipate that RLJ Lodging Trust will post -0.64 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date was Monday, June 29th. RLJ Lodging Trust’s payout ratio is 1.97%.
Several institutional investors have recently added to or reduced their stakes in RLJ. Truehand Inc acquired a new position in shares of RLJ Lodging Trust during the 2nd quarter valued at about $110,000. Sigma Planning Corp acquired a new position in shares of RLJ Lodging Trust during the 1st quarter valued at about $98,000. Dorsey & Whitney Trust CO LLC acquired a new position in shares of RLJ Lodging Trust during the 1st quarter valued at about $104,000. Cubist Systematic Strategies LLC boosted its position in shares of RLJ Lodging Trust by 8.7% during the 4th quarter. Cubist Systematic Strategies LLC now owns 14,600 shares of the real estate investment trust’s stock valued at $259,000 after acquiring an additional 1,168 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado boosted its position in shares of RLJ Lodging Trust by 28.1% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 15,279 shares of the real estate investment trust’s stock valued at $118,000 after acquiring an additional 3,356 shares during the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.
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 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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