RLJ Lodging Trust (NYSE:RLJ) Given Consensus Rating of "Hold" by Brokerages

Shares of RLJ Lodging Trust (NYSE:RLJ - Get Free Report) have received a consensus rating of "Hold" from the eight analysts that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $10.82.

A number of analysts have recently weighed in on RLJ shares. Truist Financial downgraded shares of RLJ Lodging Trust from a "buy" rating to a "hold" rating and reduced their target price for the stock from $11.00 to $10.00 in a report on Friday, March 21st. Wells Fargo & Company lowered their price objective on RLJ Lodging Trust from $10.50 to $9.75 and set an "underweight" rating for the company in a research note on Tuesday, February 18th. KeyCorp cut their target price on RLJ Lodging Trust from $14.00 to $12.00 and set an "overweight" rating on the stock in a research report on Monday, March 24th. Finally, StockNews.com upgraded RLJ Lodging Trust from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th.

RLJ Lodging Trust Price Performance

RLJ Lodging Trust stock traded up $0.01 during midday trading on Friday, reaching $6.64. 396,241 shares of the stock traded hands, compared to its average volume of 2,222,349. The stock has a market cap of $1.01 billion, a P/E ratio of 22.91, a PEG ratio of 2.87 and a beta of 1.51. The stock's fifty day moving average is $9.02 and its 200-day moving average is $9.49. 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 12 month low of $6.25 and a 12 month high of $11.99.

Remove Ads

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last posted its earnings results on Tuesday, February 25th. The real estate investment trust reported $0.33 EPS for the quarter, beating analysts' consensus estimates of ($0.03) by $0.36. The firm had revenue of $329.99 million during the quarter, compared to the consensus estimate of $324.66 million. RLJ Lodging Trust had a return on equity of 3.58% and a net margin of 5.19%. As a group, equities research analysts anticipate that RLJ Lodging Trust will post 1.37 EPS for the current year.

RLJ Lodging Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 9.04%. The ex-dividend date of this dividend is Monday, March 31st. RLJ Lodging Trust's dividend payout ratio (DPR) is presently 222.22%.

Insider Transactions at RLJ Lodging Trust

In related news, Director Patricia L. Gibson purchased 10,000 shares of RLJ Lodging Trust stock in a transaction that occurred on Friday, March 28th. The shares were bought at an average price of $8.03 per share, with a total value of $80,300.00. Following the purchase, the director now directly owns 124,217 shares of the company's stock, valued at approximately $997,462.51. This represents a 8.76 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.60% of the company's stock.

Institutional Investors Weigh In On RLJ Lodging Trust

Several large investors have recently added to or reduced their stakes in the stock. GF Fund Management CO. LTD. bought a new stake in shares of RLJ Lodging Trust during the fourth quarter valued at approximately $29,000. US Bancorp DE raised its position 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 valued at $33,000 after purchasing an additional 1,417 shares in the last quarter. Versant Capital Management Inc raised its position in RLJ Lodging Trust by 402.7% during the 1st quarter. Versant Capital Management Inc now owns 3,675 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 2,944 shares in the last quarter. CreativeOne Wealth LLC purchased a new stake in shares of RLJ Lodging Trust in the 4th quarter worth $111,000. Finally, Xponance Inc. bought a new position in shares of RLJ Lodging Trust during the 4th quarter worth $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.