RLJ Lodging Trust (NYSE:RLJ - Get Free Report) saw a significant decrease in short interest in January. As of January 15th, there was short interest totalling 10,510,000 shares, a decrease of 18.2% from the December 31st total of 12,850,000 shares. Based on an average trading volume of 1,690,000 shares, the short-interest ratio is presently 6.2 days. Approximately 7.1% of the company's shares are short sold.
Analyst Ratings Changes
Several equities analysts recently commented on RLJ shares. Truist Financial reduced their price target on RLJ Lodging Trust from $14.00 to $11.00 and set a "buy" rating on the stock in a research report on Monday, October 28th. StockNews.com lowered shares of RLJ Lodging Trust from a "hold" rating to a "sell" rating in a research note on Wednesday, January 29th. Wells Fargo & Company increased 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. Finally, Oppenheimer boosted their target price on shares of RLJ Lodging Trust from $11.00 to $12.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 12th. Three 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. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $10.92.
View Our Latest Stock Analysis on RLJ Lodging Trust
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its position in shares of RLJ Lodging Trust by 5.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,592,272 shares of the real estate investment trust's stock worth $32,977,000 after acquiring an additional 170,484 shares in the last quarter. Barclays PLC grew its position in RLJ Lodging Trust by 97.4% during the third quarter. Barclays PLC now owns 271,749 shares of the real estate investment trust's stock valued at $2,495,000 after purchasing an additional 134,093 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of RLJ Lodging Trust by 4.9% during the third quarter. JPMorgan Chase & Co. now owns 5,166,593 shares of the real estate investment trust's stock worth $47,429,000 after acquiring an additional 240,254 shares in the last quarter. Inspire Investing LLC boosted its position in RLJ Lodging Trust by 22.3% during the third quarter. Inspire Investing LLC now owns 44,682 shares of the real estate investment trust's stock valued at $410,000 after purchasing an additional 8,136 shares during the last quarter. Finally, Creative Planning purchased a new stake in shares of RLJ Lodging Trust during the 3rd quarter worth about $275,000. Institutional investors own 92.35% of the company's stock.
RLJ Lodging Trust Stock Performance
RLJ stock traded down $0.12 during mid-day trading on Monday, reaching $9.63. The company had a trading volume of 1,934,768 shares, compared to its average volume of 1,640,032. The stock's 50-day simple moving average is $10.11 and its two-hundred day simple moving average is $9.60. RLJ Lodging Trust has a one year low of $8.74 and a one year high of $12.39. The stock has a market capitalization of $1.48 billion, a P/E ratio of 33.20 and a beta of 1.68. 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 (NYSE:RLJ - Get Free Report) last posted its 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 business had revenue of $345.74 million during the quarter, compared to analyst estimates of $342.93 million. During the same quarter in the prior year, the business earned $0.40 earnings per share. The firm's revenue was up 3.4% compared to the same quarter last year. Research analysts anticipate that RLJ Lodging Trust will post 1.37 EPS for the current year.
RLJ Lodging Trust Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 6.23%. The ex-dividend date of this dividend was Tuesday, December 31st. RLJ Lodging Trust's dividend payout ratio (DPR) is presently 206.90%.
About RLJ Lodging Trust
(
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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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