RLJ Lodging Trust (NYSE:RLJ) Hits New 12-Month Low – Here’s What Happened

RLJ Lodging Trust (NYSE:RLJ)’s share price hit a new 52-week low during trading on Saturday . The stock traded as low as $8.26 and last traded at $8.42, with a volume of 5654912 shares changing hands. The stock had previously closed at $8.88.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Wells Fargo & Company dropped their target price on RLJ Lodging Trust from $10.50 to $9.75 and set an “underweight” rating for the company in a research report on Tuesday, February 18th. StockNews.com raised shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, Truist Financial cut shares of RLJ Lodging Trust from a “buy” rating to a “hold” rating and cut their price objective for the company from $11.00 to $10.00 in a research note on Friday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, RLJ Lodging Trust presently has an average rating of “Hold” and an average target price of $10.63.

RLJ Lodging Trust Trading Down 5.2 %

The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.74 and a current ratio of 2.74. The firm has a 50-day moving average of $9.48 and a 200-day moving average of $9.60. The firm has a market capitalization of $1.28 billion, a P/E ratio of 29.03, a price-to-earnings-growth ratio of 2.87 and a beta of 1.69.

RLJ Lodging Trust (NYSE:RLJ) last issued its earnings results on Tuesday, February 25th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.36. RLJ Lodging Trust had a net margin of 5.19% and a return on equity of 3.58%. The firm had revenue of $329.99 million for the quarter, compared to analysts’ expectations of $324.66 million. On average, equities research analysts anticipate that RLJ Lodging Trust will post 1.37 EPS for the current fiscal year.

RLJ Lodging Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 7.13%. The ex-dividend date of this dividend is Monday, March 31st. RLJ Lodging Trust’s dividend payout ratio (DPR) is presently 222.22%.

Hedge Funds Weigh In On RLJ Lodging Trust

Several hedge funds and other institutional investors have recently modified their holdings of the company. GF Fund Management CO. LTD. purchased a new position in RLJ Lodging Trust during the 4th quarter valued at about $29,000. US Bancorp DE grew its position 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 buying an additional 1,417 shares during the last quarter. CreativeOne Wealth LLC purchased a new position in shares of RLJ Lodging Trust during the fourth quarter valued at approximately $111,000. Xponance Inc. bought a new position in shares of RLJ Lodging Trust during the fourth quarter valued at approximately $112,000. Finally, EntryPoint Capital LLC raised its holdings in shares of RLJ Lodging Trust by 23.8% during the fourth quarter. EntryPoint Capital LLC now owns 13,659 shares of the real estate investment trust’s stock valued at $139,000 after acquiring an additional 2,624 shares in the last quarter. 92.35% of the stock is owned by institutional investors.

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.