RLJ Lodging Trust (NYSE:RLJ) Shares Gap Down - Should You Sell?

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $8.96, but opened at $8.63. RLJ Lodging Trust shares last traded at $8.94, with a volume of 142,420 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on RLJ shares. KeyCorp lowered their price objective on RLJ Lodging Trust from $14.00 to $12.00 and set an "overweight" rating for the company in a research report on Monday. StockNews.com upgraded RLJ Lodging Trust from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Wells Fargo & Company lowered 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 research note on Tuesday, February 18th. Finally, Truist Financial downgraded shares of RLJ Lodging Trust from a "buy" rating to a "hold" rating and reduced their price target for the company from $11.00 to $10.00 in a research note on Friday. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $10.82.

RLJ Lodging Trust Stock Up 0.2 %

The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 29.07, a PEG ratio of 2.87 and a beta of 1.69. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 1.14. The business's fifty day moving average is $9.48 and its two-hundred day moving average is $9.60.

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RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $0.33 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.36. The business had revenue of $329.99 million during the quarter, compared to the consensus estimate of $324.66 million. RLJ Lodging Trust had a net margin of 5.19% and a return on equity of 3.58%. Equities analysts forecast that RLJ Lodging Trust will post 1.37 earnings per share for the current fiscal year.

RLJ Lodging Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 7.12%. The ex-dividend date of this dividend is Monday, March 31st. RLJ Lodging Trust's payout ratio is presently 222.22%.

Institutional Trading of RLJ Lodging Trust

A number of large investors have recently made changes to their positions in RLJ. Rhumbline Advisers grew its holdings in 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 worth $2,888,000 after acquiring an additional 1,320 shares in the last quarter. US Bancorp DE lifted its position in shares of 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 worth $33,000 after purchasing an additional 1,417 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of RLJ Lodging Trust by 0.4% during the third quarter. Public Employees Retirement System of Ohio now owns 389,527 shares of the real estate investment trust's stock worth $3,576,000 after purchasing an additional 1,634 shares in the last quarter. Metis Global Partners LLC lifted its stake in RLJ Lodging Trust by 11.4% during the fourth quarter. Metis Global Partners LLC now owns 17,594 shares of the real estate investment trust's stock worth $180,000 after purchasing an additional 1,796 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its position in shares of RLJ Lodging Trust by 1.3% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 192,700 shares of the real estate investment trust's stock worth $1,769,000 after buying an additional 2,500 shares during the last quarter. 92.35% of the stock is currently owned by hedge funds and other institutional investors.

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.