RLJ Lodging Trust (NYSE:RLJ) Receives Consensus Rating of "Hold" from Analysts

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

RLJ has been the subject of a number of research reports. Truist Financial lowered their price target on RLJ Lodging Trust from $14.00 to $11.00 and set a "buy" rating for the company in a research report on Monday, October 28th. StockNews.com lowered RLJ Lodging Trust from a "hold" rating to a "sell" rating in a research report on Thursday, January 9th. Oppenheimer increased their price target on shares of RLJ Lodging Trust from $11.00 to $12.00 and gave the stock an "outperform" rating in a report on Tuesday, November 12th. Wells Fargo & Company lifted their price objective on shares of RLJ Lodging Trust from $10.00 to $10.50 and gave the company an "underweight" rating in a research note on Monday, December 9th. Finally, Wolfe Research downgraded shares of RLJ Lodging Trust from an "outperform" rating to a "peer perform" rating in a report on Thursday, September 26th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Quarry LP lifted its position in shares of RLJ Lodging Trust by 197.3% during the 2nd quarter. Quarry LP now owns 5,465 shares of the real estate investment trust's stock valued at $53,000 after buying an additional 3,627 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in 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 purchasing an additional 1,564 shares in the last quarter. Ground Swell Capital LLC acquired a new stake in shares of RLJ Lodging Trust in the third quarter valued at about $93,000. Aigen Investment Management LP acquired a new stake in shares of RLJ Lodging Trust in the third quarter valued at about $107,000. Finally, Metis Global Partners LLC increased its stake in shares of RLJ Lodging Trust by 31.0% during the third quarter. Metis Global Partners LLC now owns 15,798 shares of the real estate investment trust's stock worth $145,000 after purchasing an additional 3,738 shares in the last quarter. Institutional investors and hedge funds own 92.35% of the company's stock.

RLJ Lodging Trust Stock Down 0.8 %

Shares of RLJ traded down $0.08 during mid-day trading on Friday, hitting $9.92. 1,850,318 shares of the company traded hands, compared to its average volume of 1,445,938. The business has a 50 day moving average of $10.09 and a 200 day moving average of $9.58. The company has a market capitalization of $1.52 billion, a PE ratio of 34.20 and a beta of 1.70. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 1.14. RLJ Lodging Trust has a 1-year low of $8.74 and a 1-year high of $12.39.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by ($0.23). The company had revenue of $345.74 million for the quarter, compared to analyst estimates of $342.93 million. RLJ Lodging Trust had a net margin of 5.19% and a return on equity of 3.58%. The company's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS. Equities research analysts anticipate that RLJ Lodging Trust will post 1.37 EPS for the current year.

RLJ Lodging Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 6.05%. The ex-dividend date of this dividend was Tuesday, December 31st. RLJ Lodging Trust's dividend 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.