RLJ Lodging Trust (NYSE:RLJ) Receives Consensus Rating of “Hold” from Analysts

Shares of RLJ Lodging Trust (NYSE:RLJ) have received an average recommendation of “Hold” from the seven ratings firms that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $10.92.

A number of equities analysts have recently weighed in on RLJ shares. StockNews.com raised shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Wells Fargo & Company boosted their price target on RLJ Lodging Trust from $10.00 to $10.50 and gave the company an “underweight” rating in a report on Monday, December 9th. Oppenheimer raised their price objective on RLJ Lodging Trust from $11.00 to $12.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Finally, Truist Financial dropped their target price on RLJ Lodging Trust from $14.00 to $11.00 and set a “buy” rating for the company in a research note on Monday, October 28th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RLJ. US Bancorp DE raised its holdings in shares of RLJ Lodging Trust by 78.2% in the 4th quarter. US Bancorp DE now owns 3,230 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,417 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in RLJ Lodging Trust by 34.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,051 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 1,564 shares in the last quarter. Ground Swell Capital LLC purchased a new position in RLJ Lodging Trust in the third quarter valued at approximately $93,000. Xponance Inc. acquired a new position in RLJ Lodging Trust during the fourth quarter valued at approximately $112,000. Finally, Aigen Investment Management LP purchased a new stake in RLJ Lodging Trust during the third quarter worth approximately $107,000. Institutional investors and hedge funds own 92.35% of the company’s stock.

RLJ Lodging Trust Price Performance

NYSE:RLJ opened at $9.52 on Thursday. RLJ Lodging Trust has a 12-month low of $8.74 and a 12-month high of $12.39. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 32.83 and a beta of 1.68. The company’s 50-day moving average is $10.03 and its two-hundred day moving average is $9.61. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 1.14.

RLJ Lodging Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.30%. RLJ Lodging Trust’s payout ratio is 206.90%.

RLJ Lodging Trust Company Profile

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 currently consists of 96 hotels with approximately 21,200 rooms, located in 23 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.