RLJ Lodging Trust Sets New 12-Month High at $29.00 (RLJ)
Shares of RLJ Lodging Trust (NYSE:RLJ) hit a new 52-week high during trading on Monday , AnalystRatingsNetwork reports. The company traded as high as $29.00 and last traded at $28.81, with a volume of 403,637 shares traded. The stock had previously closed at $28.93.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of RLJ Lodging Trust from an “outperform” rating to a “neutral” rating in a research note on Friday, June 20th. They now have a $30.70 price target on the stock. Separately, analysts at Raymond James raised their price target on shares of RLJ Lodging Trust from $29.00 to $30.00 in a research note on Tuesday, June 3rd. They now have an “outperform” rating on the stock. Finally, analysts at Compass Point raised their price target on shares of RLJ Lodging Trust from $30.50 to $32.50 in a research note on Monday, June 2nd. They now have a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $29.15.
The stock’s 50-day moving average is $27.8 and its 200-day moving average is $26.0. The company has a market cap of $3.518 billion and a P/E ratio of 30.61.
RLJ Lodging Trust (NYSE:RLJ) last released its earnings data on Wednesday, May 7th. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.13 by $0.30. The company had revenue of $236.40 million for the quarter, compared to the consensus estimate of $232.17 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. The company’s quarterly revenue was up 10.0% on a year-over-year basis. Analysts expect that RLJ Lodging Trust will post $1.11 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend is Thursday, June 26th.
RLJ Lodging Trust (NYSE:RLJ), is a real estate investment trust (REIT).
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