RLJ Lodging Trust (NYSE:RLJ) Receives $10.92 Average Price Target from Brokerages

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) has earned a consensus rating of "Hold" from the seven brokerages that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $10.92.

Several analysts have recently commented on the stock. Wells Fargo & Company increased their target price on shares of RLJ Lodging Trust from $10.00 to $10.50 and gave the company an "underweight" rating in a report on Monday, December 9th. Truist Financial decreased their price objective on shares of RLJ Lodging Trust from $14.00 to $11.00 and set a "buy" rating for the company in a research note on Monday, October 28th. StockNews.com raised shares of RLJ Lodging Trust from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Finally, Oppenheimer upped their target price on RLJ Lodging Trust from $11.00 to $12.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th.

Hedge Funds Weigh In On RLJ Lodging Trust

Large investors have recently made changes to their positions in the stock. US Bancorp DE lifted its holdings in RLJ Lodging Trust by 78.2% during the 4th quarter. US Bancorp DE now owns 3,230 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 1,417 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of RLJ Lodging Trust by 34.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,051 shares of the real estate investment trust's stock valued at $57,000 after buying an additional 1,564 shares during the period. Ground Swell Capital LLC purchased a new stake in shares of RLJ Lodging Trust in the third quarter worth about $93,000. CreativeOne Wealth LLC bought a new stake in RLJ Lodging Trust during the 4th quarter worth approximately $111,000. Finally, Xponance Inc. bought a new stake in RLJ Lodging Trust during the 4th quarter worth approximately $112,000. 92.35% of the stock is owned by institutional investors.

RLJ Lodging Trust Stock Up 0.2 %

NYSE RLJ traded up $0.02 on Thursday, reaching $9.57. The company had a trading volume of 977,159 shares, compared to its average volume of 1,494,518. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 1.14. The company's fifty day moving average is $9.99 and its 200 day moving average is $9.61. RLJ Lodging Trust has a 52-week low of $8.74 and a 52-week high of $12.39. The stock has a market capitalization of $1.47 billion, a P/E ratio of 32.98 and a beta of 1.68.

RLJ Lodging Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.60 annualized dividend and a dividend yield of 6.27%. RLJ Lodging Trust's payout ratio is currently 206.90%.

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 currently consists of 96 hotels with approximately 21,200 rooms, located in 23 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.