RLJ Lodging Trust (NYSE:RLJ – Get Free Report) has been given an average rating of “Hold” by the nine ratings firms that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $10.5625.
Several brokerages recently issued reports on RLJ. Truist Financial boosted their price objective on shares of RLJ Lodging Trust from $7.00 to $10.00 and gave the company a “hold” rating in a report on Friday, June 12th. LADENBURG THALM/SH SH increased their target price on shares of RLJ Lodging Trust from $9.00 to $12.00 and gave the stock a “neutral” rating in a research note on Thursday, June 18th. Barclays lifted their price target on shares of RLJ Lodging Trust from $6.00 to $9.00 and gave the company an “underweight” rating in a research report on Monday, June 1st. Oppenheimer reissued an “outperform” rating and issued a $13.00 price target (up from $10.00) on shares of RLJ Lodging Trust in a research note on Thursday, June 18th. Finally, Raymond James Financial lowered shares of RLJ Lodging Trust from a “strong-buy” rating to an “outperform” rating and upped their price objective for the stock from $9.00 to $11.00 in a report on Thursday, May 28th.
Read Our Latest Stock Report on RLJ Lodging Trust
Institutional Investors Weigh In On RLJ Lodging Trust
RLJ Lodging Trust Stock Performance
NYSE:RLJ opened at $11.77 on Friday. The company’s 50-day moving average is $9.97 and its two-hundred day moving average is $8.54. RLJ Lodging Trust has a 1-year low of $6.54 and a 1-year high of $12.03. 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 firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of -1,177.30 and a beta of 1.09.
RLJ Lodging Trust (NYSE:RLJ – Get Free Report) last announced its quarterly earnings results on Monday, May 4th. The real estate investment trust reported ($0.05) earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $323.51 million. During the same quarter last year, the firm earned $0.31 EPS. The business’s revenue was up 3.6% compared to the same quarter last year. Analysts forecast that RLJ Lodging Trust will post 1.26 EPS for the current year.
RLJ Lodging Trust Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date is Tuesday, June 30th. RLJ Lodging Trust’s dividend payout ratio is -6,000.00%.
RLJ Lodging Trust Company Profile
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.
Featured Articles
- Five stocks we like better than RLJ Lodging Trust
- Shorting the Grid: Bloom Energy’s $25B AI Power Play
- SanDisk’s Volatility May Be Telling Bulls What They Want to Hear
- Meta’s AI Compute Push Could Turn Its Massive CapEx Bill Into a Competitive Weapon
- 3 Dividend ETFs Built for Stability in a Volatile Market
Receive News & Ratings for RLJ Lodging Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RLJ Lodging Trust and related companies with MarketBeat.com's FREE daily email newsletter.
