RLJ Lodging Trust (NYSE:RLJ) Sets New 1-Year High – Here’s Why

RLJ Lodging Trust (NYSE:RLJ)’s share price hit a new 52-week high during mid-day trading on Monday. The company traded as high as $12.91 and last traded at $12.8940, with a volume of 36,219 shares trading hands. The stock had previously closed at $12.61.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on RLJ shares. Truist Financial increased 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. Raymond James Financial cut RLJ Lodging Trust from an “outperform” rating to a “market perform” rating in a research report on Monday, September 28th. Barclays upped their price objective on shares of RLJ Lodging Trust from $11.00 to $12.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 13th. LADENBURG THALM/SH SH boosted their target price on shares of RLJ Lodging Trust from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. Finally, Wells Fargo & Company lifted their price objective on shares of RLJ Lodging Trust from $9.00 to $11.00 and gave the company an “underweight” rating in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.81.

RLJ Lodging Trust Price Performance

The business has a 50-day moving average of $11.37 and a two-hundred day moving average of $9.87. 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 firm has a market cap of $1.97 billion, a P/E ratio of 8.76, a price-to-earnings-growth ratio of 2.16 and a beta of 1.14.

RLJ Lodging Trust (NYSE:RLJ) last posted its earnings results on Thursday, August 6th. The real estate investment trust reported $0.52 EPS for the quarter, beating the consensus estimate of $0.15 by $0.37. RLJ Lodging Trust had a return on equity of 1.52% and a net margin of 2.00%. The firm had revenue of $382.99 million during the quarter, compared to the consensus estimate of $370.49 million. During the same period last year, the company earned $0.48 earnings per share. The business’s quarterly revenue was up 5.5% on a year-over-year basis. RLJ Lodging Trust has set its FY 2026 guidance at 1.370-1.500 EPS. On average, sell-side analysts anticipate that RLJ Lodging Trust will post 1.34 earnings per share for the current fiscal year.

RLJ Lodging Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.60 annualized dividend and a dividend yield of 4.6%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Carolina Wealth Advisors LLC bought a new stake in RLJ Lodging Trust in the 3rd quarter valued at about $30,000. Signaturefd LLC grew its holdings in shares of RLJ Lodging Trust by 234.9% in the third quarter. Signaturefd LLC now owns 3,614 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 2,535 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of RLJ Lodging Trust by 33.2% in the third quarter. GAMMA Investing LLC now owns 3,837 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 957 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of RLJ Lodging Trust by 29.8% in the first quarter. PNC Financial Services Group Inc. now owns 5,992 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 1,374 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its position in shares of RLJ Lodging Trust by 54.8% during the third quarter. Nisa Investment Advisors LLC now owns 8,705 shares of the real estate investment trust’s stock valued at $97,000 after acquiring an additional 3,081 shares during the last quarter. Institutional investors and hedge funds own 92.35% of the company’s stock.

RLJ Lodging Trust Company Profile

RLJ Lodging Trust (NYSE:RLJ) is a self-advised real estate investment trust that owns a portfolio of premium-branded, focused-service and compact full-service hotels. The company’s properties primarily operate under brands affiliated with Marriott International, Hilton Worldwide Holdings and Hyatt Hotels, among other major lodging companies.

RLJ’s hotels are generally located in urban and densely populated areas, including major business and leisure markets across the United States. The properties provide guest accommodations and related hospitality services, while independent hotel management companies typically oversee day-to-day operations.

The company was formed in 2011 and is named after Robert L.