RLJ Lodging Trust (NYSE:RLJ) Receives Consensus Rating of “Reduce” from Analysts

RLJ Lodging Trust (NYSE:RLJ) has been assigned an average rating of “Reduce” from the ten brokerages that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $11.1111.

Several equities research analysts have recently weighed in on RLJ shares. Wells Fargo & Company upped their price target on RLJ Lodging Trust from $9.00 to $11.00 and gave the company an “underweight” rating in a research report on Thursday, July 23rd. Bank of America raised their price objective on shares of RLJ Lodging Trust from $9.25 to $10.50 and gave the company an “underperform” rating in a research report on Monday, July 20th. Barclays boosted their price objective on shares of RLJ Lodging Trust from $9.50 to $11.00 and gave the company an “underweight” rating in a research note on Thursday, August 27th. Wall Street Zen raised shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating in a report on Sunday, June 7th. Finally, Zacks Research cut shares of RLJ Lodging Trust from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th.

Institutional Investors Weigh In On RLJ Lodging Trust

Several large investors have recently added to or reduced their stakes in RLJ. Donald Smith & CO. Inc. purchased a new position in RLJ Lodging Trust during the second quarter worth about $145,895,000. Centersquare Investment Management LLC bought a new position in RLJ Lodging Trust in the 4th quarter worth about $13,254,000. California State Teachers Retirement System raised its holdings in shares of RLJ Lodging Trust by 1,480.6% in the 2nd quarter. California State Teachers Retirement System now owns 1,616,435 shares of the real estate investment trust’s stock valued at $19,155,000 after acquiring an additional 1,514,167 shares in the last quarter. Aegis Financial Corp purchased a new stake in shares of RLJ Lodging Trust in the 4th quarter valued at about $9,475,000. Finally, Ameriprise Financial Inc. boosted its position in shares of RLJ Lodging Trust by 286.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,618,413 shares of the real estate investment trust’s stock valued at $11,783,000 after acquiring an additional 1,199,318 shares during the last quarter. Institutional investors own 92.35% of the company’s stock.

RLJ Lodging Trust Price Performance

Shares of NYSE RLJ opened at $10.93 on Friday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 5.71 and a current ratio of 5.71. RLJ Lodging Trust has a fifty-two week low of $6.54 and a fifty-two week high of $12.89. The stock has a market cap of $1.67 billion, a PE ratio of 7.55 and a beta of 1.08. The stock has a fifty day moving average of $11.54 and a 200-day moving average of $9.87.

RLJ Lodging Trust (NYSE:RLJ) last issued its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $382.99 million for the quarter, compared to analysts’ expectations of $370.49 million. During the same quarter in the prior year, the firm posted $0.48 EPS. The firm’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. Equities research analysts anticipate that RLJ Lodging Trust will post 1.33 earnings per share for the current year.

RLJ Lodging Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.60 annualized dividend and a dividend yield of 5.5%.

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.