RLJ Lodging Trust (NYSE:RLJ) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

RLJ Lodging Trust (NYSE:RLJ) crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $10.12 and traded as high as $11.23. RLJ Lodging Trust shares last traded at $11.0660, with a volume of 2,487,602 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Truist Financial boosted their target price on shares of RLJ Lodging Trust from $10.00 to $11.00 and gave the stock a “hold” rating in a research report on Monday, September 21st. LADENBURG THALM/SH SH lifted their price target on RLJ Lodging Trust from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Monday, August 10th. UBS Group set a $13.00 price objective on RLJ Lodging Trust in a report on Thursday, June 18th. Weiss Ratings cut RLJ Lodging Trust from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Finally, Raymond James Financial downgraded RLJ Lodging Trust from an “outperform” rating to a “market perform” rating in a report on Monday. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, RLJ Lodging Trust presently has a consensus rating of “Reduce” and an average target price of $11.22.

RLJ Lodging Trust Stock Performance

The stock’s 50-day moving average price is $11.37 and its 200-day moving average price is $10.14. The company has a current ratio of 5.71, a quick ratio of 5.71 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $1.69 billion, a P/E ratio of 7.69 and a beta of 1.08.

RLJ Lodging Trust (NYSE:RLJ) last released its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.37. The firm had revenue of $382.99 million for the quarter, compared to analyst estimates of $370.49 million. RLJ Lodging Trust had a net margin of 2.00% and a return on equity of 1.52%. RLJ Lodging Trust’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.48 earnings per share. RLJ Lodging Trust has set its FY 2026 guidance at 1.370-1.500 EPS. As a group, equities analysts expect that RLJ Lodging Trust will post 1.33 EPS for the current year.

RLJ Lodging Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.60 annualized dividend and a yield of 5.4%.

Hedge Funds Weigh In On RLJ Lodging Trust

Hedge funds and other institutional investors have recently modified their holdings of the company. Cim Investment Management Inc. grew its position in RLJ Lodging Trust by 7.3% in the 2nd quarter. Cim Investment Management Inc. now owns 21,889 shares of the real estate investment trust’s stock worth $259,000 after purchasing an additional 1,485 shares during the last quarter. Engineers Gate Manager LP grew its holdings in RLJ Lodging Trust by 98.0% in the 2nd quarter. Engineers Gate Manager LP now owns 80,577 shares of the real estate investment trust’s stock worth $955,000 after buying an additional 39,877 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in RLJ Lodging Trust in the 2nd quarter valued at approximately $1,640,000. Readystate Asset Management LP acquired a new stake in RLJ Lodging Trust in the 2nd quarter valued at approximately $1,377,000. Finally, Aegis Financial Corp raised its stake in RLJ Lodging Trust by 2.5% during the 2nd quarter. Aegis Financial Corp now owns 2,049,425 shares of the real estate investment trust’s stock valued at $24,286,000 after acquiring an additional 50,000 shares in the last quarter. Institutional investors and hedge funds own 92.35% of the company’s stock.

RLJ Lodging Trust Company Profile

RLJ Lodging Trust is a self-managed real estate investment trust that owns and operates a portfolio of premium-branded, focused-service and compact full-service hotels in the United States. Its properties are generally located in urban and high-barrier-to-entry suburban markets, with an emphasis on business, leisure and other demand-generating locations.

The company’s hotels operate under well-known brands, including offerings affiliated with Marriott International, Hilton Worldwide, Hyatt Hotels and InterContinental Hotels Group.