RLJ Lodging Trust (NYSE:RLJ) Given Average Recommendation of “Hold” by Brokerages
Shares of RLJ Lodging Trust (NYSE:RLJ) have received an average rating of “Hold” from the twelve research firms that are covering the firm, Marketbeat reports. Four analysts have rated the stock with a sell recommendation, three have given a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $25.13.
A number of equities analysts have recently commented on RLJ shares. Boenning Scattergood reaffirmed an “underperform” rating on shares of RLJ Lodging Trust in a research report on Wednesday, April 12th. ValuEngine raised shares of RLJ Lodging Trust from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 20th. Janney Montgomery Scott reaffirmed a “buy” rating and set a $28.00 target price (up from $26.00) on shares of RLJ Lodging Trust in a research report on Monday, June 5th. BidaskClub lowered shares of RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Finally, Zacks Investment Research lowered shares of RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th.
RLJ Lodging Trust (NYSE:RLJ) opened at 21.06 on Monday. RLJ Lodging Trust has a 12-month low of $18.92 and a 12-month high of $25.10. The stock has a market cap of $2.61 billion, a P/E ratio of 13.33 and a beta of 1.15. The firm’s 50 day moving average price is $20.50 and its 200-day moving average price is $22.14.
RLJ Lodging Trust (NYSE:RLJ) last issued its earnings results on Monday, May 8th. The real estate investment trust reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.02. The business had revenue of $260.20 million for the quarter, compared to analyst estimates of $263.57 million. RLJ Lodging Trust had a net margin of 17.19% and a return on equity of 8.95%. The company’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same period last year, the company posted $0.57 earnings per share. Equities research analysts anticipate that RLJ Lodging Trust will post $1.09 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 6.27%. The ex-dividend date was Wednesday, June 28th. RLJ Lodging Trust’s payout ratio is 83.54%.
A number of institutional investors have recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. raised its position in RLJ Lodging Trust by 385.1% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 4,657 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 3,697 shares in the last quarter. James Investment Research Inc. bought a new stake in RLJ Lodging Trust during the first quarter valued at approximately $144,000. SG Americas Securities LLC increased its stake in RLJ Lodging Trust by 8.0% in the first quarter. SG Americas Securities LLC now owns 8,332 shares of the real estate investment trust’s stock valued at $196,000 after buying an additional 615 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in RLJ Lodging Trust by 41.4% in the first quarter. Daiwa Securities Group Inc. now owns 9,900 shares of the real estate investment trust’s stock valued at $233,000 after buying an additional 2,900 shares during the last quarter. Finally, New York State Teachers Retirement System increased its stake in RLJ Lodging Trust by 0.9% in the first quarter. New York State Teachers Retirement System now owns 10,800 shares of the real estate investment trust’s stock valued at $254,000 after buying an additional 100 shares during the last quarter. 99.37% of the stock is currently owned by institutional investors and hedge funds.
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About RLJ Lodging Trust
RLJ Lodging Trust is a self-administered real estate investment trust. The Company is engaged in the acquisition of focused-service and compact full-service hotels. As of December 31, 2016, the Company owned 122 hotels with approximately 20,100 rooms, located in 21 states and the District of Columbia, and an interest in one mortgage loan secured by a hotel.
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