RLJ Lodging Trust (NYSE:RLJ) Stock Price Expected to Rise, Truist Financial Analyst Says

RLJ Lodging Trust (NYSE:RLJ) had its target price raised by equities research analysts at Truist Financial from $10.00 to $11.00 in a report issued on Monday, Benzinga reports. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. Truist Financial’s price objective indicates a potential downside of 0.23% from the company’s previous close.

Several other equities research analysts have also commented on RLJ. Wall Street Zen upgraded RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research report on Sunday, June 7th. Oppenheimer reiterated an “outperform” rating and issued a $13.00 target price (up from $10.00) on shares of RLJ Lodging Trust in a research note on Thursday, June 18th. Wells Fargo & Company raised their price target on shares of RLJ Lodging Trust from $9.00 to $11.00 and gave the company an “underweight” rating in a research report on Thursday, July 23rd. Barclays lifted their price objective on shares of RLJ Lodging Trust from $9.50 to $11.00 and gave the company an “underweight” rating in a report on Thursday, August 27th. Finally, Raymond James Financial lowered shares of RLJ Lodging Trust from a “strong-buy” rating to an “outperform” rating and increased their target price for the stock from $9.00 to $11.00 in a research note on Thursday, May 28th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, RLJ Lodging Trust presently has a consensus rating of “Reduce” and an average target price of $11.22.

RLJ Lodging Trust Stock Performance

NYSE RLJ opened at $11.03 on Monday. The firm has a market capitalization of $1.68 billion, a P/E ratio of 7.60 and a beta of 1.08. The stock has a 50-day simple moving average of $11.45 and a two-hundred day simple moving average of $10.03. The company has a debt-to-equity ratio of 1.50, a quick ratio of 5.71 and a current ratio of 5.71. RLJ Lodging Trust has a fifty-two week low of $6.54 and a fifty-two week high of $12.89.

RLJ Lodging Trust (NYSE:RLJ) last issued its earnings results 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. The firm had revenue of $382.99 million for the quarter, compared to the consensus estimate of $370.49 million. RLJ Lodging Trust had a return on equity of 1.52% and a net margin of 2.00%.The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.48 earnings per share. RLJ Lodging Trust has set its FY 2026 guidance at 1.370-1.500 EPS. On average, equities analysts forecast that RLJ Lodging Trust will post 1.33 earnings per share for the current year.

Hedge Funds Weigh In On RLJ Lodging Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Engineers Gate Manager LP raised its stake in 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 purchasing an additional 39,877 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in RLJ Lodging Trust during the 2nd quarter worth $1,640,000. Readystate Asset Management LP acquired a new stake in RLJ Lodging Trust during the 2nd quarter worth $1,377,000. Aegis Financial Corp grew its holdings 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 buying an additional 50,000 shares in the last quarter. Finally, Hsbc Holdings PLC raised its position in shares of RLJ Lodging Trust by 40.4% in the second quarter. Hsbc Holdings PLC now owns 449,234 shares of the real estate investment trust’s stock valued at $5,308,000 after buying an additional 129,308 shares during the last quarter. 92.35% of the stock is owned by hedge funds and other institutional investors.

RLJ Lodging Trust Company Profile

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.