The stock of RLJ Lodging Trust (NYSE:RLJ) last traded at $9.71, down -3.29% from the previous session.
Data from the available sources indicates that RLJ Lodging Trust (NYSE:RLJ) is covered by 9 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $18.00 and a low of $11.00, we find $14.00. Given the previous closing price of $10.04, this indicates a potential upside of 39.44 percent. RLJ stock price is now -5.66% away from the 50-day moving average and -11.04% away from the 200-day moving average. The market capitalization of the company currently stands at $1.49B.
In total, 4 analysts have assigned it a hold rating, and 3 have given it a buy rating. Brokers who have rated the stock have averaged $13.86 as their price target over the next twelve months.
In other news, Gibson Patricia L, Director bought 5,000 shares of the company’s stock on Sep 23. The stock was bought for $52,350 at an average price of $10.47. Upon completion of the transaction, the Director now directly owns 79,635 shares in the company, valued at $0.77 million. Insiders disposed of 279,267 shares of company stock worth roughly $2.71 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in RLJ stock. A new stake in RLJ Lodging Trust shares was purchased by HBK INVESTMENTS L P during the first quarter worth $1,457,000. CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC invested $1,289,000 in shares of RLJ during the first quarter. In the first quarter, VESTCOR INC acquired a new stake in RLJ Lodging Trust valued at approximately $906,000. PANAGORA ASSET MANAGEMENT INC acquired a new stake in RLJ for approximately $679,000. MQS MANAGEMENT LLC purchased a new stake in RLJ valued at around $590,000 in the second quarter. In total, there are 302 active investors with 95.70% ownership of the company’s stock.
With an opening price of $9.91 on Thursday morning, RLJ Lodging Trust (NYSE: RLJ) set off the trading day. During the past 12 months, RLJ Lodging Trust has had a low of $9.27 and a high of $13.47. The fifty day moving average price for RLJ is $10.27 and a two-hundred day moving average price translates $10.91 for the stock.
The latest earnings results from RLJ Lodging Trust (NYSE: RLJ) was released for Mar, 2023. According to the REIT – Hotel & Motel Company, earnings per share came in at $0.03, beating analysts’ expectations of -$0.01 by 0.04. This compares to -$0.13 EPS in the same period last year. The net profit margin was 3.30% and return on equity was 2.10% for RLJ. The company reported revenue of $314.5 million for the quarter, compared to $242.9 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 29.48 percent. For the current quarter, analysts expect RLJ to generate $355.62M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/17/2023. Investors who held shares on 06/30/2023 were paid a $0.08 dividend. On an annualized basis, this represents a $0.32 dividend and a 3.30% percent yield. There was an ex-dividend date of 06/29/2023 for this dividend. In terms of dividend payout ratio, RLJ is presently at 80.10%.
RLJ Lodging Trust(RLJ) Company Profile
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 currently consists of 96 hotels with approximately 21,200 rooms, located in 23 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.
