Brokerages Set RLJ Lodging Trust (NYSE:RLJ) Price Target at $10.79

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) has earned an average rating of "Hold" from the seven research firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $10.79.

Several research analysts have issued reports on RLJ shares. StockNews.com upgraded RLJ Lodging Trust from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Wells Fargo & Company dropped their target price on shares of RLJ Lodging Trust from $10.50 to $9.75 and set an "underweight" rating for the company in a report on Tuesday, February 18th.

RLJ Lodging Trust Stock Performance

RLJ Lodging Trust stock traded down $0.44 during trading hours on Monday, reaching $8.48. 2,596,392 shares of the stock were exchanged, compared to its average volume of 1,452,796. The stock has a market cap of $1.29 billion, a P/E ratio of 29.22, a P/E/G ratio of 2.87 and a beta of 1.69. The firm's 50 day moving average is $9.63 and its 200 day moving average is $9.63. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.74 and a current ratio of 2.74. RLJ Lodging Trust has a 52-week low of $8.47 and a 52-week high of $12.13.

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RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of ($0.03) by $0.36. The company had revenue of $329.99 million for the quarter, compared to analyst estimates of $324.66 million. RLJ Lodging Trust had a return on equity of 3.58% and a net margin of 5.19%. Analysts predict that RLJ Lodging Trust will post 1.37 EPS for the current fiscal year.

RLJ Lodging Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 7.08%. The ex-dividend date was Tuesday, December 31st. RLJ Lodging Trust's dividend payout ratio (DPR) is presently 222.22%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. GF Fund Management CO. LTD. purchased a new position in RLJ Lodging Trust during the fourth quarter worth $29,000. US Bancorp DE raised its stake in RLJ Lodging Trust by 78.2% in the 4th quarter. US Bancorp DE now owns 3,230 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 1,417 shares during the last quarter. Aigen Investment Management LP purchased a new position in RLJ Lodging Trust in the 3rd quarter valued at about $107,000. CreativeOne Wealth LLC acquired a new stake in shares of RLJ Lodging Trust during the 4th quarter worth about $111,000. Finally, Xponance Inc. purchased a new stake in shares of RLJ Lodging Trust during the fourth quarter worth about $112,000. 92.35% of the stock is owned by hedge funds and other institutional investors.

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.