RLJ Lodging Trust (NYSE:RLJ) has earned a consensus rating of “Hold” from the eleven ratings firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $12.06.
A number of equities research analysts have commented on RLJ shares. KeyCorp reduced their target price on RLJ Lodging Trust from $20.00 to $12.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. TheStreet cut RLJ Lodging Trust from a “c” rating to a “d+” rating in a research report on Monday, May 18th. SunTrust Banks upgraded RLJ Lodging Trust from a “sell” rating to a “hold” rating and raised their price target for the company from $7.00 to $8.00 in a research report on Friday, July 24th. Barclays raised their price target on RLJ Lodging Trust from $9.00 to $11.00 and gave the company an “equal weight” rating in a research report on Monday, June 22nd. Finally, Zacks Investment Research cut RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research report on Wednesday.
Institutional investors have recently bought and sold shares of the stock. Two Sigma Advisers LP increased its position in RLJ Lodging Trust by 50.1% during the 1st quarter. Two Sigma Advisers LP now owns 451,923 shares of the real estate investment trust’s stock worth $3,489,000 after purchasing an additional 150,800 shares in the last quarter. Legal & General Group Plc increased its position in RLJ Lodging Trust by 7.2% during the 1st quarter. Legal & General Group Plc now owns 994,678 shares of the real estate investment trust’s stock worth $7,679,000 after purchasing an additional 67,112 shares in the last quarter. Guggenheim Capital LLC boosted its stake in RLJ Lodging Trust by 15.3% in the 1st quarter. Guggenheim Capital LLC now owns 55,610 shares of the real estate investment trust’s stock worth $430,000 after buying an additional 7,373 shares during the last quarter. State Street Corp boosted its stake in RLJ Lodging Trust by 26.2% in the 1st quarter. State Street Corp now owns 7,907,761 shares of the real estate investment trust’s stock worth $61,120,000 after buying an additional 1,643,051 shares during the last quarter. Finally, Arizona State Retirement System acquired a new stake in RLJ Lodging Trust in the 1st quarter worth about $309,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.
RLJ Lodging Trust (NYSE:RLJ) last released its earnings results on Tuesday, May 12th. The real estate investment trust reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.45). RLJ Lodging Trust had a net margin of 4.98% and a return on equity of 2.50%. The business had revenue of $265.50 million during the quarter, compared to analyst estimates of $261.41 million. During the same period last year, the business posted $0.48 EPS. RLJ Lodging Trust’s revenue was down 33.5% compared to the same quarter last year. Sell-side analysts predict that RLJ Lodging Trust will post -0.64 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date was Monday, June 29th. RLJ Lodging Trust’s dividend payout ratio is presently 1.97%.
About RLJ Lodging Trust
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 consists of 150 hotels with approximately 28,600 rooms, located in 25 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.
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