RLJ Lodging Trust (NYSE:RLJ) has earned an average recommendation of “Hold” from the fourteen analysts that are presently covering the company. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $24.54.
Several brokerages have recently commented on RLJ. Janney Montgomery Scott began coverage on shares of RLJ Lodging Trust in a research report on Monday, September 26th. They set a “buy” rating and a $21.90 price target for the company. TheStreet cut shares of RLJ Lodging Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, September 20th. Zacks Investment Research cut shares of RLJ Lodging Trust from a “buy” rating to a “sell” rating in a research report on Thursday, August 11th. Robert W. Baird cut shares of RLJ Lodging Trust from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $25.00 to $24.00 in a research report on Monday, August 8th. Finally, Barclays PLC lowered their price target on shares of RLJ Lodging Trust from $24.00 to $22.00 and set an “underweight” rating for the company in a research report on Friday, August 5th.
Shares of RLJ Lodging Trust (NYSE:RLJ) traded down 0.452% on Monday, hitting $20.935. 247,693 shares of the stock traded hands. The firm has a market capitalization of $2.59 billion, a PE ratio of 13.292 and a beta of 1.12. The firm’s 50 day moving average is $22.42 and its 200 day moving average is $22.03. RLJ Lodging Trust has a 52 week low of $16.15 and a 52 week high of $27.52.
RLJ Lodging Trust (NYSE:RLJ) last issued its quarterly earnings results on Wednesday, August 3rd. The real estate investment trust reported $0.82 EPS for the quarter, topping the consensus estimate of $0.46 by $0.36. RLJ Lodging Trust had a net margin of 17.13% and a return on equity of 9.11%. The company earned $317.11 million during the quarter, compared to analysts’ expectations of $318.47 million. During the same quarter in the previous year, the company earned $0.74 EPS. RLJ Lodging Trust’s revenue was up 5.3% on a year-over-year basis. On average, analysts expect that RLJ Lodging Trust will post $1.27 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 6.28%. The ex-dividend date of this dividend is Wednesday, September 28th. RLJ Lodging Trust’s payout ratio is currently 84.08%.
In other RLJ Lodging Trust news, CFO Leslie D. Hale sold 10,000 shares of RLJ Lodging Trust stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $23.62, for a total value of $236,200.00. Following the transaction, the chief financial officer now owns 283,636 shares of the company’s stock, valued at $6,699,482.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 3.40% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the company. Hillsdale Investment Management Inc. acquired a new stake in shares of RLJ Lodging Trust during the second quarter worth approximately $109,000. BNP Paribas Arbitrage SA raised its stake in shares of RLJ Lodging Trust by 5,849.5% in the second quarter. BNP Paribas Arbitrage SA now owns 5,890 shares of the real estate investment trust’s stock worth $126,000 after buying an additional 5,791 shares in the last quarter. Independent Portfolio Consultants Inc. raised its stake in shares of RLJ Lodging Trust by 0.3% in the second quarter. Independent Portfolio Consultants Inc. now owns 6,270 shares of the real estate investment trust’s stock worth $134,000 after buying an additional 20 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of RLJ Lodging Trust during the second quarter worth approximately $176,000. Finally, Profund Advisors LLC raised its stake in shares of RLJ Lodging Trust by 4.5% in the second quarter. Profund Advisors LLC now owns 10,478 shares of the real estate investment trust’s stock worth $225,000 after buying an additional 449 shares in the last quarter.
RLJ Lodging Trust Company Profile
RLJ Lodging Trust is a real estate investment trust. The Company is engaged in the acquisition of focused-service and compact full-service hotels. The Company owns approximately 130 hotels with over 20,900 rooms, located in approximately 20 states and the District of Columbia, and an interest in a mortgage loan secured by a hotel.
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