RLJ Lodging Trust (NYSE:RLJ) Receives $10.79 Consensus PT from Analysts

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

A number of research analysts have recently weighed in on the company. StockNews.com raised RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Wells Fargo & Company cut their price target 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, February 18th.

RLJ Lodging Trust Stock Up 2.9 %

NYSE RLJ opened at $8.74 on Monday. The stock has a market capitalization of $1.33 billion, a P/E ratio of 30.15, a price-to-earnings-growth ratio of 2.87 and a beta of 1.69. RLJ Lodging Trust has a 52 week low of $8.46 and a 52 week high of $12.13. 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 stock has a fifty day moving average of $9.60 and a 200-day moving average of $9.62.

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

RLJ Lodging Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 6.86%. RLJ Lodging Trust’s dividend payout ratio (DPR) is presently 222.22%.

Institutional Trading of RLJ Lodging Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers boosted its position in RLJ Lodging Trust by 0.5% during the fourth quarter. Rhumbline Advisers now owns 282,846 shares of the real estate investment trust’s stock worth $2,888,000 after purchasing an additional 1,320 shares during the period. US Bancorp DE increased 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 buying an additional 1,417 shares during the period. Public Employees Retirement System of Ohio raised its position in RLJ Lodging Trust by 0.4% during the third 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 purchasing an additional 1,634 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in RLJ Lodging Trust by 0.8% during the third quarter. Asset Management One Co. Ltd. now owns 225,738 shares of the real estate investment trust’s stock worth $2,072,000 after purchasing an additional 1,755 shares during the last quarter. Finally, Metis Global Partners LLC boosted its holdings in shares of RLJ Lodging Trust by 11.4% in the 4th quarter. Metis Global Partners LLC now owns 17,594 shares of the real estate investment trust’s stock valued at $180,000 after purchasing an additional 1,796 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.