RLJ Lodging Trust (NYSE:RLJ) has earned an average recommendation of “Hold” from the thirteen analysts that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $10.50.
RLJ has been the topic of a number of analyst reports. ValuEngine upgraded shares of RLJ Lodging Trust from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 1st. Zacks Investment Research lowered shares of RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, July 29th. Barclays lifted their price objective 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 lowered their price objective on shares of RLJ Lodging Trust from $14.50 to $12.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 14th. Finally, Bank of America downgraded RLJ Lodging Trust from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $11.00 to $9.50 in a report on Tuesday, September 29th.
Shares of RLJ traded down $0.08 during mid-day trading on Friday, reaching $8.60. 1,343,160 shares of the company’s stock were exchanged, compared to its average volume of 2,247,444. The company has a debt-to-equity ratio of 1.01, a current ratio of 5.32 and a quick ratio of 5.32. The stock has a market capitalization of $1.42 billion, a PE ratio of -13.65 and a beta of 1.79. The business’s fifty day simple moving average is $9.20 and its 200-day simple moving average is $9.11. RLJ Lodging Trust has a 52-week low of $3.88 and a 52-week high of $18.17.
RLJ Lodging Trust (NYSE:RLJ) last posted its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported ($0.74) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.03). RLJ Lodging Trust had a negative net margin of 7.60% and a negative return on equity of 2.80%. The firm had revenue of $32.59 million during the quarter, compared to analysts’ expectations of $37.69 million. During the same quarter last year, the business earned $0.69 earnings per share. The business’s quarterly revenue was down 92.7% on a year-over-year basis. Equities research analysts predict that RLJ Lodging Trust will post -0.9 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date was Tuesday, September 29th. RLJ Lodging Trust’s dividend payout ratio (DPR) is currently 1.97%.
A number of institutional investors have recently added to or reduced their stakes in the business. State Street Corp raised its stake in shares of RLJ Lodging Trust by 26.2% during the 1st quarter. State Street Corp now owns 7,907,761 shares of the real estate investment trust’s stock worth $61,120,000 after buying an additional 1,643,051 shares during the last quarter. Balyasny Asset Management LLC acquired a new position in shares of RLJ Lodging Trust during the 1st quarter worth $9,056,000. Alliancebernstein L.P. raised its stake in shares of RLJ Lodging Trust by 32.2% during the 1st quarter. Alliancebernstein L.P. now owns 3,910,747 shares of the real estate investment trust’s stock worth $30,191,000 after buying an additional 951,449 shares during the last quarter. Duff & Phelps Investment Management Co. raised its stake in shares of RLJ Lodging Trust by 74.1% during the 2nd quarter. Duff & Phelps Investment Management Co. now owns 1,907,956 shares of the real estate investment trust’s stock worth $18,011,000 after buying an additional 812,285 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in shares of RLJ Lodging Trust by 146.9% during the 1st quarter. Parametric Portfolio Associates LLC now owns 652,638 shares of the real estate investment trust’s stock worth $5,038,000 after buying an additional 388,261 shares during the last quarter. 91.98% of the stock is owned by institutional investors.
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 103 hotels with approximately 22,570 rooms, located in 23 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.
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