RLJ Lodging Trust (NYSE:RLJ) Receives $11.29 Consensus Target Price from Analysts

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) has been given an average rating of "Hold" by the seven analysts that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $11.29.

Several equities analysts have recently issued reports on RLJ shares. Truist Financial cut their price target on RLJ Lodging Trust from $14.00 to $11.00 and set a "buy" rating on the stock in a research note on Monday, October 28th. Wells Fargo & Company lowered shares of RLJ Lodging Trust from an "equal weight" rating to an "underweight" rating and reduced their target price for the company from $11.00 to $9.00 in a research note on Friday, September 13th. Compass Point cut shares of RLJ Lodging Trust from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $18.00 to $10.00 in a research report on Monday, August 5th. StockNews.com lowered shares of RLJ Lodging Trust from a "hold" rating to a "sell" rating in a report on Wednesday, November 6th. Finally, Oppenheimer lifted their target price 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.

Institutional Trading of RLJ Lodging Trust

Large investors have recently made changes to their positions in the company. Quarry LP lifted its holdings in RLJ Lodging Trust by 197.3% during the second quarter. Quarry LP now owns 5,465 shares of the real estate investment trust's stock worth $53,000 after acquiring an additional 3,627 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised 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 worth $57,000 after purchasing an additional 1,564 shares during the period. Ground Swell Capital LLC bought a new position in shares of RLJ Lodging Trust during the 3rd quarter valued at about $93,000. Aigen Investment Management LP acquired a new position in shares of RLJ Lodging Trust in the 3rd quarter valued at approximately $107,000. Finally, Metis Global Partners LLC grew its position in shares of RLJ Lodging Trust by 31.0% in the 3rd quarter. Metis Global Partners LLC now owns 15,798 shares of the real estate investment trust's stock valued at $145,000 after purchasing an additional 3,738 shares during the period. Institutional investors own 92.35% of the company's stock.

RLJ Lodging Trust Price Performance

NYSE RLJ traded up $0.07 on Friday, hitting $10.21. 1,010,153 shares of the company were exchanged, compared to its average volume of 1,417,972. RLJ Lodging Trust has a 1-year low of $8.74 and a 1-year high of $12.39. The firm has a 50 day moving average of $9.42 and a two-hundred day moving average of $9.50. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 1.14. The company has a market cap of $1.57 billion, a P/E ratio of 35.21, a P/E/G ratio of 2.26 and a beta of 1.70.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.09 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.23). RLJ Lodging Trust had a net margin of 5.19% and a return on equity of 3.58%. The company had revenue of $345.74 million for the quarter, compared to the consensus estimate of $342.93 million. During the same period last year, the company earned $0.40 earnings per share. RLJ Lodging Trust's revenue for the quarter was up 3.4% compared to the same quarter last year. On average, equities analysts predict that RLJ Lodging Trust will post 1.34 EPS for the current year.

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 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.