RLJ Lodging Trust (NYSE:RLJ - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $9.60 and traded as high as $10.23. RLJ Lodging Trust shares last traded at $10.06, with a volume of 1,517,034 shares trading hands.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on the stock. Wells Fargo & Company raised 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. StockNews.com lowered shares of RLJ Lodging Trust from a "hold" rating to a "sell" rating in a research note on Wednesday. Oppenheimer raised their price objective on shares of RLJ Lodging Trust from $11.00 to $12.00 and gave the company an "outperform" rating in a research note on Tuesday, November 12th. Finally, Truist Financial lowered their price objective on shares of 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. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, RLJ Lodging Trust currently has an average rating of "Hold" and a consensus target price of $10.92.
Read Our Latest Analysis on RLJ Lodging Trust
RLJ Lodging Trust Stock Down 1.1 %
The stock has a market capitalization of $1.50 billion, a P/E ratio of 33.66 and a beta of 1.70. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.74 and a quick ratio of 2.74. The stock's fifty day moving average is $10.13 and its two-hundred day moving average is $9.61.
RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.23). RLJ Lodging Trust had a return on equity of 3.58% and a net margin of 5.19%. The firm had revenue of $345.74 million during the quarter, compared to analyst estimates of $342.93 million. During the same period in the prior year, the business posted $0.40 EPS. The company's revenue for the quarter was up 3.4% on a year-over-year basis. As a group, research analysts predict that RLJ Lodging Trust will post 1.37 earnings per share for the current fiscal year.
RLJ Lodging Trust Dividend Announcement
The company also recently disclosed 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 dividend on an annualized basis and a yield of 6.15%. The ex-dividend date was Tuesday, December 31st. RLJ Lodging Trust's dividend payout ratio is 206.90%.
Institutional Investors Weigh In On RLJ Lodging Trust
A number of institutional investors have recently modified their holdings of the stock. Sanctuary Advisors LLC acquired a new stake in shares of RLJ Lodging Trust during the 4th quarter valued at $277,000. Rhumbline Advisers boosted its stake in shares of RLJ Lodging Trust by 0.5% during the 4th quarter. Rhumbline Advisers now owns 282,846 shares of the real estate investment trust's stock valued at $2,888,000 after buying an additional 1,320 shares during the period. Entropy Technologies LP acquired a new stake in shares of RLJ Lodging Trust during the 4th quarter valued at $355,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of RLJ Lodging Trust by 44.1% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 34,775 shares of the real estate investment trust's stock valued at $355,000 after buying an additional 10,643 shares during the period. Finally, Choreo LLC boosted its stake in shares of RLJ Lodging Trust by 26.8% during the 4th quarter. Choreo LLC now owns 45,054 shares of the real estate investment trust's stock valued at $464,000 after buying an additional 9,523 shares during the period. Institutional investors and hedge funds own 92.35% of the company's stock.
RLJ Lodging Trust Company Profile
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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.
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