Analysts Set RLJ Lodging Trust (NYSE:RLJ) Price Target at $13.58

Shares of RLJ Lodging Trust (NYSE:RLJGet Free Report) have earned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $13.58.

Several analysts have commented on the company. downgraded RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research note on Thursday, May 23rd. Robert W. Baird reduced their price objective on RLJ Lodging Trust from $13.00 to $12.00 and set an “outperform” rating for the company in a report on Tuesday, June 11th.

Get Our Latest Stock Report on RLJ Lodging Trust

Hedge Funds Weigh In On RLJ Lodging Trust

Several institutional investors have recently made changes to their positions in RLJ. Hazelview Securities Inc. purchased a new stake in RLJ Lodging Trust during the first quarter valued at approximately $82,000. Metis Global Partners LLC purchased a new position in RLJ Lodging Trust during the fourth quarter valued at $122,000. Stevens Capital Management LP bought a new stake in RLJ Lodging Trust during the fourth quarter valued at about $128,000. BOKF NA purchased a new stake in RLJ Lodging Trust in the first quarter worth about $139,000. Finally, Allspring Global Investments Holdings LLC increased its position in RLJ Lodging Trust by 11.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 11,944 shares of the real estate investment trust’s stock worth $141,000 after buying an additional 1,229 shares in the last quarter. Institutional investors own 92.35% of the company’s stock.

RLJ Lodging Trust Stock Performance

NYSE:RLJ opened at $9.34 on Wednesday. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 33.36, a PEG ratio of 0.83 and a beta of 1.70. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 1.13. The company’s 50 day moving average price is $9.93 and its 200-day moving average price is $11.07. RLJ Lodging Trust has a 52 week low of $9.06 and a 52 week high of $12.39.

RLJ Lodging Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, June 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.28%. RLJ Lodging Trust’s dividend payout ratio is currently 142.86%.

RLJ Lodging Trust Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for RLJ Lodging Trust (NYSE:RLJ)

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