Brokerages Set RLJ Lodging Trust (NYSE:RLJ) Target Price at $10.92

RLJ Lodging Trust (NYSE:RLJ) has been given an average rating of “Hold” by the seven ratings firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $10.92.

A number of equities research analysts have recently weighed in on the company. Oppenheimer lifted their target price on RLJ Lodging Trust from $11.00 to $12.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. StockNews.com upgraded shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research note on Monday. Wells Fargo & Company increased their target price on shares of RLJ Lodging Trust from $10.00 to $10.50 and gave the stock an “underweight” rating in a research report on Monday, December 9th. Wolfe Research downgraded shares of RLJ Lodging Trust from an “outperform” rating to a “peer perform” rating in a research report on Thursday, September 26th. Finally, Truist Financial cut their price target on RLJ Lodging Trust from $14.00 to $11.00 and set a “buy” rating for the company in a research note on Monday, October 28th.

Hedge Funds Weigh In On RLJ Lodging Trust

Institutional investors have recently modified their holdings of the business. Edgestream Partners L.P. acquired a new position in RLJ Lodging Trust during the 2nd quarter worth approximately $330,000. Hsbc Holdings PLC grew its stake in shares of RLJ Lodging Trust by 18.1% during the second quarter. Hsbc Holdings PLC now owns 227,058 shares of the real estate investment trust’s stock worth $2,180,000 after buying an additional 34,828 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of RLJ Lodging Trust during the second quarter worth $439,000. Sei Investments Co. lifted its stake in shares of RLJ Lodging Trust by 23.8% in the 2nd quarter. Sei Investments Co. now owns 393,842 shares of the real estate investment trust’s stock valued at $3,793,000 after acquiring an additional 75,654 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of RLJ Lodging Trust by 9.1% during the 2nd quarter. AQR Capital Management LLC now owns 571,240 shares of the real estate investment trust’s stock valued at $5,501,000 after acquiring an additional 47,475 shares in the last quarter. Institutional investors and hedge funds own 92.35% of the company’s stock.

RLJ Lodging Trust Stock Performance

Shares of RLJ stock opened at $9.91 on Friday. RLJ Lodging Trust has a 52 week low of $8.74 and a 52 week high of $12.39. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 34.17 and a beta of 1.70. The company has a 50-day simple moving average of $10.10 and a 200 day simple moving average of $9.59. 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 (NYSE:RLJ) last issued its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.23). The firm had revenue of $345.74 million for the quarter, compared to the consensus estimate of $342.93 million. RLJ Lodging Trust had a return on equity of 3.58% and a net margin of 5.19%. The company’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.40 EPS. On average, sell-side analysts predict that RLJ Lodging Trust will post 1.37 earnings per share for the current year.

RLJ Lodging Trust Announces Dividend

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. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a yield of 6.06%. RLJ Lodging Trust’s dividend payout ratio (DPR) is 206.90%.

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.