Brokerages Set RLJ Lodging Trust (NYSE:RLJ) Target Price at $11.11

Shares of RLJ Lodging Trust (NYSE:RLJ) have been assigned an average rating of “Reduce” from the ten ratings firms that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $11.1111.

A number of brokerages have recently weighed in on RLJ. Zacks Research lowered shares of RLJ Lodging Trust from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Wells Fargo & Company raised their price target on RLJ Lodging Trust from $9.00 to $11.00 and gave the company an “underweight” rating in a research note on Thursday, July 23rd. UBS Group set a $13.00 price target on RLJ Lodging Trust in a report on Thursday, June 18th. Truist Financial increased their price objective on RLJ Lodging Trust from $7.00 to $10.00 and gave the company a “hold” rating in a report on Friday, June 12th. Finally, LADENBURG THALM/SH SH raised their target price on RLJ Lodging Trust from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th.

RLJ Lodging Trust Price Performance

RLJ stock opened at $10.91 on Friday. The business’s 50-day moving average is $11.49 and its two-hundred day moving average is $9.97. The company has a debt-to-equity ratio of 1.50, a current ratio of 5.71 and a quick ratio of 5.71. The firm has a market capitalization of $1.66 billion, a P/E ratio of 7.52 and a beta of 1.08. RLJ Lodging Trust has a 1 year low of $6.54 and a 1 year high of $12.89.

RLJ Lodging Trust (NYSE:RLJ) last announced its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.37. RLJ Lodging Trust had a return on equity of 1.52% and a net margin of 2.00%.The business had revenue of $382.99 million during the quarter, compared to the consensus estimate of $370.49 million. During the same period in the previous year, the company posted $0.48 earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. RLJ Lodging Trust has set its FY 2026 guidance at 1.370-1.500 EPS. Analysts anticipate that RLJ Lodging Trust will post 1.33 earnings per share for the current fiscal year.

RLJ Lodging Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.60 dividend on an annualized basis and a yield of 5.5%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Engineers Gate Manager LP grew its position in shares of RLJ Lodging Trust by 98.0% in the 2nd quarter. Engineers Gate Manager LP now owns 80,577 shares of the real estate investment trust’s stock valued at $955,000 after buying an additional 39,877 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of RLJ Lodging Trust during the second quarter worth about $1,640,000. Readystate Asset Management LP purchased a new position in shares of RLJ Lodging Trust during the second quarter worth about $1,377,000. Aegis Financial Corp increased its position in shares of RLJ Lodging Trust by 2.5% during the second quarter. Aegis Financial Corp now owns 2,049,425 shares of the real estate investment trust’s stock worth $24,286,000 after purchasing an additional 50,000 shares in the last quarter. Finally, Hsbc Holdings PLC increased its position in shares of RLJ Lodging Trust by 40.4% during the second quarter. Hsbc Holdings PLC now owns 449,234 shares of the real estate investment trust’s stock worth $5,308,000 after purchasing an additional 129,308 shares in the last quarter. Institutional investors and hedge funds own 92.35% of the company’s stock.

About RLJ Lodging Trust

RLJ Lodging Trust is a self-managed real estate investment trust that owns and operates a portfolio of premium-branded, focused-service and compact full-service hotels in the United States. Its properties are generally located in urban and high-barrier-to-entry suburban markets, with an emphasis on business, leisure and other demand-generating locations.

The company’s hotels operate under well-known brands, including offerings affiliated with Marriott International, Hilton Worldwide, Hyatt Hotels and InterContinental Hotels Group.