According to Zacks, “RLJ Lodging Trust is a REIT focused on investing primarily in premium-branded, focused-service, and compact full-service hotels. It plans to own hotels concentrated in urban and dense suburban markets. “
A number of other research firms have also commented on RLJ. Barclays boosted their price target on shares of RLJ Lodging Trust from $9.00 to $11.00 and gave the company an equal weight rating in a research report on Monday, June 22nd. Raymond James dropped their price target on shares of RLJ Lodging Trust from $14.50 to $12.00 and set an outperform rating for the company in a research note on Tuesday, July 14th. KeyCorp dropped their price target on shares of RLJ Lodging Trust from $20.00 to $12.00 and set an overweight rating for the company in a research note on Thursday, April 30th. SunTrust Banks raised shares of RLJ Lodging Trust from a sell rating to a hold rating and boosted their price target for the stock from $7.00 to $8.00 in a research note on Friday, July 24th. Finally, Capital One Financial raised shares of RLJ Lodging Trust from an equal weight rating to an overweight rating and set a $11.50 price target for the company in a research note on Monday, June 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $12.06.
NYSE RLJ opened at $8.01 on Wednesday. The stock has a market cap of $1.32 billion, a P/E ratio of 29.67 and a beta of 1.80. The company’s 50-day simple moving average is $9.08 and its 200 day simple moving average is $10.77. RLJ Lodging Trust has a twelve month low of $3.88 and a twelve month high of $18.17. The company has a quick ratio of 5.52, a current ratio of 5.52 and a debt-to-equity ratio of 1.00.
RLJ Lodging Trust (NYSE:RLJ) last posted its earnings results on Tuesday, May 12th. The real estate investment trust reported ($0.21) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.45). The business had revenue of $265.50 million during the quarter, compared to the consensus estimate of $261.41 million. RLJ Lodging Trust had a net margin of 4.98% and a return on equity of 2.50%. The business’s revenue was down 33.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.48 EPS. Research analysts anticipate that RLJ Lodging Trust will post -0.64 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend was Monday, June 29th. RLJ Lodging Trust’s payout ratio is 1.97%.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Two Sigma Advisers LP boosted its holdings in RLJ Lodging Trust by 50.1% during the first quarter. Two Sigma Advisers LP now owns 451,923 shares of the real estate investment trust’s stock worth $3,489,000 after purchasing an additional 150,800 shares during the last quarter. Legal & General Group Plc boosted its holdings in RLJ Lodging Trust by 7.2% during the first quarter. Legal & General Group Plc now owns 994,678 shares of the real estate investment trust’s stock worth $7,679,000 after purchasing an additional 67,112 shares during the last quarter. Guggenheim Capital LLC lifted its stake in RLJ Lodging Trust by 15.3% in the first quarter. Guggenheim Capital LLC now owns 55,610 shares of the real estate investment trust’s stock valued at $430,000 after acquiring an additional 7,373 shares during the last quarter. State Street Corp lifted its stake in RLJ Lodging Trust by 26.2% in the first quarter. State Street Corp now owns 7,907,761 shares of the real estate investment trust’s stock valued at $61,120,000 after acquiring an additional 1,643,051 shares during the last quarter. Finally, Arizona State Retirement System acquired a new stake in RLJ Lodging Trust in the first quarter valued at $309,000. Institutional investors and hedge funds own 91.77% of the company’s stock.
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 consists of 150 hotels with approximately 28,600 rooms, located in 25 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.
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