RLJ Lodging Trust (NYSE:RLJ) Stock Has Average Target Price of $11.69

Shares of RLJ Lodging Trust (NYSE:RLJ) have been assigned a consensus rating of “Reduce” from the nine ratings firms that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $11.69.

Several research analysts recently weighed in on the stock. Truist Financial upped their price target 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. Zacks Research cut RLJ Lodging Trust from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Weiss Ratings lowered RLJ Lodging Trust from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Barclays increased their target price on RLJ Lodging Trust from $9.50 to $11.00 and gave the company an “underweight” rating in a report on Thursday, August 27th. Finally, Bank of America increased their target price on RLJ Lodging Trust from $9.25 to $10.50 and gave the company an “underperform” rating in a report on Monday, July 20th.

RLJ Lodging Trust Trading Up 0.0%

Shares of NYSE:RLJ opened at $11.21 on Tuesday. The business’s 50 day moving average price is $11.18 and its 200-day moving average price is $10.33. RLJ Lodging Trust has a 1 year low of $6.54 and a 1 year high of $12.89. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 7.78 and a beta of 1.12. The company has a debt-to-equity ratio of 1.50, a current ratio of 5.71 and a quick ratio of 5.71.

RLJ Lodging Trust (NYSE:RLJ) last posted its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.37. RLJ Lodging Trust had a net margin of 2.00% and a return on equity of 1.52%. The business had revenue of $382.99 million for the quarter, compared to the consensus estimate of $370.49 million. During the same period last year, the firm posted $0.48 earnings per share. The company’s revenue was up 5.5% compared to the same quarter last year. RLJ Lodging Trust has set its FY 2026 guidance at 1.370-1.500 EPS. On average, equities research analysts forecast that RLJ Lodging Trust will post 1.33 earnings per share for the current fiscal year.

RLJ Lodging Trust Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in RLJ Lodging Trust by 33.2% during the 3rd quarter. GAMMA Investing LLC now owns 3,837 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 957 shares during the last quarter. Cim Investment Management Inc. grew its holdings in shares of RLJ Lodging Trust by 7.3% during the second quarter. Cim Investment Management Inc. now owns 21,889 shares of the real estate investment trust’s stock worth $259,000 after buying an additional 1,485 shares in the last quarter. Engineers Gate Manager LP raised its position in shares of RLJ Lodging Trust by 98.0% in the second quarter. Engineers Gate Manager LP now owns 80,577 shares of the real estate investment trust’s stock valued at $955,000 after buying an additional 39,877 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of RLJ Lodging Trust in the second quarter valued at about $1,640,000. Finally, Readystate Asset Management LP acquired a new stake in shares of RLJ Lodging Trust in the second quarter valued at about $1,377,000. 92.35% of the stock is owned by institutional investors and hedge funds.

RLJ Lodging Trust Company Profile

RLJ Lodging Trust (NYSE: RLJ) is a real estate investment trust that owns a portfolio of premium-branded, focused-service and compact full-service hotels in the United States. The company’s properties primarily serve business and leisure travelers and are located in urban, suburban and resort-oriented markets.

RLJ’s hotels operate under well-known hospitality brands, including Marriott, Hilton, Hyatt and other major lodging systems. Its properties provide accommodations and related services such as guest rooms, meeting facilities, food and beverage offerings, and other amenities.