RLJ Lodging Trust (NYSE:RLJ) has earned a consensus rating of “Hold” from the fourteen ratings firms that are presently covering the company. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $24.54.
Several equities research analysts recently weighed in on the stock. Janney Montgomery Scott assumed coverage on shares of RLJ Lodging Trust in a research report on Monday, September 26th. They set a “buy” rating and a $21.90 price objective for the company. TheStreet cut shares of RLJ Lodging Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, September 20th. Zacks Investment Research cut shares of RLJ Lodging Trust from a “buy” rating to a “sell” rating in a report on Thursday, August 11th. Robert W. Baird cut shares of RLJ Lodging Trust from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $25.00 to $24.00 in a report on Monday, August 8th. Finally, Barclays PLC dropped their target price on shares of RLJ Lodging Trust from $24.00 to $22.00 and set an “underweight” rating for the company in a report on Friday, August 5th.
In other news, CFO Leslie D. Hale sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $23.62, for a total value of $236,200.00. Following the completion of the transaction, the chief financial officer now owns 283,636 shares of the company’s stock, valued at $6,699,482.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 3.40% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hillsdale Investment Management Inc. purchased a new position in RLJ Lodging Trust during the second quarter valued at about $109,000. BNP Paribas Arbitrage SA increased its position in RLJ Lodging Trust by 5,849.5% in the second quarter. BNP Paribas Arbitrage SA now owns 5,890 shares of the real estate investment trust’s stock valued at $126,000 after buying an additional 5,791 shares in the last quarter. Independent Portfolio Consultants Inc. increased its position in RLJ Lodging Trust by 0.3% in the second quarter. Independent Portfolio Consultants Inc. now owns 6,270 shares of the real estate investment trust’s stock valued at $134,000 after buying an additional 20 shares in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new position in RLJ Lodging Trust during the second quarter valued at about $176,000. Finally, Profund Advisors LLC increased its position in RLJ Lodging Trust by 4.5% in the second quarter. Profund Advisors LLC now owns 10,478 shares of the real estate investment trust’s stock valued at $225,000 after buying an additional 449 shares in the last quarter.
RLJ Lodging Trust (NYSE:RLJ) opened at 20.80 on Monday. The company’s 50-day moving average is $22.06 and its 200 day moving average is $21.97. The company has a market cap of $2.57 billion, a price-to-earnings ratio of 13.21 and a beta of 1.12. RLJ Lodging Trust has a 1-year low of $16.15 and a 1-year high of $27.52.
RLJ Lodging Trust (NYSE:RLJ) last posted its quarterly earnings data on Wednesday, August 3rd. The real estate investment trust reported $0.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.36. RLJ Lodging Trust had a net margin of 17.13% and a return on equity of 9.11%. The business earned $317.11 million during the quarter, compared to analysts’ expectations of $318.47 million. During the same quarter in the prior year, the business posted $0.74 earnings per share. RLJ Lodging Trust’s revenue was up 5.3% compared to the same quarter last year. On average, equities analysts predict that RLJ Lodging Trust will post $1.27 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 6.35%. The ex-dividend date of this dividend is Wednesday, September 28th. RLJ Lodging Trust’s dividend payout ratio is currently 84.08%.
RLJ Lodging Trust Company Profile
RLJ Lodging Trust is a real estate investment trust. The Company is engaged in the acquisition of focused-service and compact full-service hotels. The Company owns approximately 130 hotels with over 20,900 rooms, located in approximately 20 states and the District of Columbia, and an interest in a mortgage loan secured by a hotel.
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