RLJ Lodging Trust (NYSE:RLJ) Hits New 1-Year Low at $11.00

Shares of RLJ Lodging Trust (NYSE:RLJGet Rating) reached a new 52-week low during trading on Tuesday . The stock traded as low as $11.00 and last traded at $11.02, with a volume of 3366263 shares trading hands. The stock had previously closed at $11.05.

Several research firms have issued reports on RLJ. StockNews.com lowered shares of RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research report on Monday, June 6th. Oppenheimer started coverage on RLJ Lodging Trust in a report on Thursday, April 21st. They issued an “outperform” rating and a $20.00 target price on the stock. TheStreet raised RLJ Lodging Trust from a “d+” rating to a “c-” rating in a report on Thursday, May 5th. Finally, Truist Financial dropped their price target on RLJ Lodging Trust to $17.00 and set a “na” rating on the stock in a research note on Wednesday, May 18th. One analyst has rated the stock with a sell rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $18.33.

The company’s 50-day moving average is $13.21 and its 200 day moving average is $13.65. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 1.08. The firm has a market cap of $1.78 billion, a PE ratio of -6.54 and a beta of 1.77.

RLJ Lodging Trust (NYSE:RLJGet Rating) last announced its earnings results on Wednesday, May 4th. The real estate investment trust reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.30). The firm had revenue of $242.90 million for the quarter, compared to analyst estimates of $239.79 million. RLJ Lodging Trust had a negative net margin of 26.67% and a negative return on equity of 11.58%. RLJ Lodging Trust’s revenue for the quarter was up 103.2% compared to the same quarter last year. During the same period last year, the firm earned ($0.18) earnings per share. On average, research analysts predict that RLJ Lodging Trust will post 1.24 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.38%. The ex-dividend date is Wednesday, June 29th. RLJ Lodging Trust’s dividend payout ratio is currently -2.45%.

A number of large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its position in RLJ Lodging Trust by 0.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,460,113 shares of the real estate investment trust’s stock worth $36,559,000 after buying an additional 15,078 shares in the last quarter. Cubist Systematic Strategies LLC increased its stake in shares of RLJ Lodging Trust by 122.6% in the third quarter. Cubist Systematic Strategies LLC now owns 80,935 shares of the real estate investment trust’s stock worth $1,203,000 after acquiring an additional 44,575 shares during the last quarter. Voloridge Investment Management LLC increased its stake in shares of RLJ Lodging Trust by 617.3% in the third quarter. Voloridge Investment Management LLC now owns 98,009 shares of the real estate investment trust’s stock worth $1,456,000 after acquiring an additional 84,346 shares during the last quarter. Schonfeld Strategic Advisors LLC raised its holdings in shares of RLJ Lodging Trust by 34.6% during the third quarter. Schonfeld Strategic Advisors LLC now owns 14,400 shares of the real estate investment trust’s stock worth $214,000 after acquiring an additional 3,700 shares in the last quarter. Finally, Balyasny Asset Management LLC acquired a new stake in RLJ Lodging Trust during the third quarter valued at $11,562,000. 98.00% of the stock is currently owned by institutional investors.

RLJ Lodging Trust Company Profile (NYSE:RLJ)

RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust that owns primarily premium-branded, high-margin, focused-service and compact full-service hotels. The Company's portfolio consists of 103 hotels with approximately 22,570 rooms, located in 23 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.

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