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

Shares of RLJ Lodging Trust (NYSE:RLJ) have been given a consensus rating of “Hold” by the seven brokerages that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $10.79.

Several equities research analysts have recently issued reports on the stock. Oppenheimer increased their target price on shares of RLJ Lodging Trust from $11.00 to $12.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. StockNews.com raised shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Truist Financial lowered their target price on shares of RLJ Lodging Trust from $14.00 to $11.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Finally, Wells Fargo & Company lowered their target price on shares of RLJ Lodging Trust from $10.50 to $9.75 and set an “underweight” rating on the stock in a research note on Tuesday.

RLJ Lodging Trust Trading Down 1.3 %

RLJ stock opened at $9.62 on Thursday. The company’s 50-day simple moving average is $9.93 and its 200-day simple moving average is $9.61. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 1.14. RLJ Lodging Trust has a 52-week low of $8.74 and a 52-week high of $12.39. The firm has a market cap of $1.47 billion, a P/E ratio of 33.16 and a beta of 1.68.

RLJ Lodging Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 6.24%. The ex-dividend date of this dividend was Tuesday, December 31st. RLJ Lodging Trust’s dividend payout ratio is presently 206.90%.

Institutional Trading of RLJ Lodging Trust

A number of hedge funds have recently bought and sold shares of the business. Rhumbline Advisers raised its holdings in RLJ Lodging Trust by 0.5% in the 4th quarter. Rhumbline Advisers now owns 282,846 shares of the real estate investment trust’s stock valued at $2,888,000 after acquiring an additional 1,320 shares during the last quarter. US Bancorp DE raised its holdings in 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 valued at $33,000 after acquiring an additional 1,417 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in RLJ Lodging Trust by 34.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,051 shares of the real estate investment trust’s stock valued at $57,000 after acquiring an additional 1,564 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in RLJ Lodging Trust by 0.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 389,527 shares of the real estate investment trust’s stock valued at $3,576,000 after acquiring an additional 1,634 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its holdings in RLJ Lodging Trust by 0.8% in the 3rd quarter. Asset Management One Co. Ltd. now owns 225,738 shares of the real estate investment trust’s stock valued at $2,072,000 after acquiring an additional 1,755 shares during 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-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.