Shares of RLJ Lodging Trust (NYSE:RLJ – Get Free Report) have been assigned a consensus rating of “Reduce” from the eight analysts that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $8.6667.
A number of research analysts have weighed in on RLJ shares. Wells Fargo & Company raised their target price on shares of RLJ Lodging Trust from $7.00 to $9.00 and gave the stock an “underweight” rating in a research note on Monday. Raymond James Financial lowered shares of RLJ Lodging Trust from a “strong-buy” rating to an “outperform” rating and lifted their price target for the company from $9.00 to $11.00 in a research report on Thursday, May 28th. Wall Street Zen lowered shares of RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research report on Saturday. Truist Financial reduced their price target on shares of RLJ Lodging Trust from $8.00 to $7.00 and set a “hold” rating on the stock in a research report on Monday, April 6th. Finally, LADENBURG THALM/SH SH started coverage on shares of RLJ Lodging Trust in a research report on Thursday, March 26th. They set a “neutral” rating and a $8.50 price target on the stock.
Read Our Latest Stock Report on RLJ
Institutional Trading of RLJ Lodging Trust
RLJ Lodging Trust Trading Up 2.6%
RLJ opened at $10.11 on Wednesday. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.89 and a quick ratio of 2.89. The company’s 50 day simple moving average is $8.39 and its two-hundred day simple moving average is $7.95. RLJ Lodging Trust has a 1-year low of $6.54 and a 1-year high of $10.18. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of -1,010.50 and a beta of 1.13.
RLJ Lodging Trust (NYSE:RLJ – Get Free Report) last released its earnings results on Monday, May 4th. The real estate investment trust reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.02. RLJ Lodging Trust had a net margin of 1.84% and a return on equity of 1.37%. The business had revenue of $339.98 million for the quarter, compared to analyst estimates of $323.51 million. During the same period last year, the company posted $0.31 EPS. The business’s revenue was up 3.6% on a year-over-year basis. Analysts expect that RLJ Lodging Trust will post 1.22 EPS for the current fiscal year.
RLJ Lodging Trust Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.9%. The ex-dividend date of this dividend was Tuesday, March 31st. RLJ Lodging Trust’s payout ratio is presently -6,000.00%.
About RLJ Lodging Trust
RLJ Lodging Trust is a self-managed, publicly traded real estate investment trust (REIT) that acquires, owns and operates premium-branded, focused-service and compact full-service hotels. The company’s portfolio is concentrated in major U.S. markets, targeting properties that benefit from strong corporate and leisure demand, limited new supply and established brand affiliations.
The trust’s hotels are affiliated with leading global lodging brands across the spectrum of service levels, including lifestyle and upscale segments.
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