RLJ Lodging Trust (NYSE:RLJ) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

Shares of RLJ Lodging Trust (NYSE:RLJ) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.56 and traded as high as $8.33. RLJ Lodging Trust shares last traded at $8.0340, with a volume of 1,213,940 shares.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on RLJ. Barclays began coverage on RLJ Lodging Trust in a research report on Tuesday, January 6th. They set an “underweight” rating and a $6.00 price target on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of RLJ Lodging Trust in a research report on Monday. Zacks Research raised RLJ Lodging Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Truist Financial reduced their price target on RLJ Lodging Trust from $8.00 to $7.00 and set a “hold” rating on the stock in a research report on Monday, April 6th. Finally, LADENBURG THALM/SH SH began coverage on shares of RLJ Lodging Trust in a report on Thursday, March 26th. They set a “neutral” rating and a $8.50 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, RLJ Lodging Trust currently has an average rating of “Hold” and an average target price of $8.00.

RLJ Lodging Trust Stock Up 0.6%

The stock has a market capitalization of $1.21 billion, a PE ratio of 397.35 and a beta of 1.08. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. The business’s fifty day moving average price is $7.84 and its two-hundred day moving average price is $7.57.

RLJ Lodging Trust (NYSE:RLJ) last announced its quarterly earnings data on Thursday, February 26th. The real estate investment trust reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. The firm had revenue of $328.59 million for the quarter, compared to analyst estimates of $317.95 million. RLJ Lodging Trust had a net margin of 2.11% and a return on equity of 1.54%. The business’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.33 earnings per share. RLJ Lodging Trust has set its FY 2026 guidance at 1.210-1.410 EPS. On average, equities research analysts forecast that RLJ Lodging Trust will post 1.23 EPS for the current fiscal year.

RLJ Lodging Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 7.6%. The ex-dividend date of this dividend was Tuesday, March 31st. RLJ Lodging Trust’s dividend payout ratio is presently 3,000.00%.

Institutional Investors Weigh In On RLJ Lodging Trust

Hedge funds have recently added to or reduced their stakes in the business. Denali Advisors LLC purchased a new stake in RLJ Lodging Trust in the third quarter valued at $1,432,000. JPMorgan Chase & Co. boosted its holdings in RLJ Lodging Trust by 4.5% in the third quarter. JPMorgan Chase & Co. now owns 5,204,026 shares of the real estate investment trust’s stock valued at $37,469,000 after purchasing an additional 226,335 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in RLJ Lodging Trust by 1,871.5% in the third quarter. Principal Financial Group Inc. now owns 201,603 shares of the real estate investment trust’s stock valued at $1,452,000 after purchasing an additional 191,377 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in RLJ Lodging Trust by 22.3% in the third quarter. Allianz Asset Management GmbH now owns 2,201,825 shares of the real estate investment trust’s stock valued at $15,853,000 after purchasing an additional 401,189 shares during the last quarter. Finally, Tudor Investment Corp ET AL boosted its holdings in RLJ Lodging Trust by 363.1% in the third quarter. Tudor Investment Corp ET AL now owns 357,266 shares of the real estate investment trust’s stock valued at $2,572,000 after purchasing an additional 280,123 shares during the last quarter. 92.35% of the stock is owned by hedge funds and other institutional investors.

RLJ Lodging Trust Company Profile

RLJ Lodging Trust is a self-managed, publicly traded real estate investment trust (REIT) that acquires, owns and operates premium-branded, focused-service and compact full-service hotels. The company’s portfolio is concentrated in major U.S. markets, targeting properties that benefit from strong corporate and leisure demand, limited new supply and established brand affiliations.

The trust’s hotels are affiliated with leading global lodging brands across the spectrum of service levels, including lifestyle and upscale segments.