Brokerages Set RLJ Lodging Trust (NYSE:RLJ) Price Target at $8.64

RLJ Lodging Trust (NYSE:RLJ) has been given a consensus rating of “Hold” by the nine brokerages that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $8.1429.

A number of research analysts have recently commented on RLJ shares. Weiss Ratings reissued a “sell (d)” rating on shares of RLJ Lodging Trust in a report on Monday, December 29th. LADENBURG THALM/SH SH initiated coverage on shares of RLJ Lodging Trust in a research report on Thursday. They issued a “neutral” rating and a $8.50 target price for the company. Barclays initiated coverage on shares of RLJ Lodging Trust in a research note on Tuesday, January 6th. They set an “underweight” rating and a $6.00 target price on the stock. Finally, Zacks Research raised RLJ Lodging Trust from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th.

RLJ Lodging Trust Price Performance

Shares of NYSE:RLJ opened at $7.72 on Friday. The firm’s 50 day moving average is $7.84 and its two-hundred day moving average is $7.53. The firm has a market capitalization of $1.17 billion, a P/E ratio of 385.75 and a beta of 1.07. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. RLJ Lodging Trust has a 52 week low of $6.16 and a 52 week high of $8.63.

RLJ Lodging Trust (NYSE:RLJ) last issued its quarterly earnings data on Thursday, February 26th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.04. RLJ Lodging Trust had a return on equity of 1.54% and a net margin of 2.11%.The business had revenue of $328.59 million during the quarter, compared to the consensus estimate of $317.95 million. During the same period in the previous year, the firm posted $0.33 earnings per share. The business’s revenue was down .4% on a year-over-year basis. RLJ Lodging Trust has set its FY 2026 guidance at 1.210-1.410 EPS. Analysts anticipate that RLJ Lodging Trust will post 1.37 earnings per share for the current year.

RLJ Lodging Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a $0.15 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $0.60 annualized dividend and a dividend yield of 7.8%. RLJ Lodging Trust’s dividend payout ratio is 3,000.00%.

Institutional Investors Weigh In On RLJ Lodging Trust

Hedge funds and other institutional investors have recently bought and sold shares of the business. Federation des caisses Desjardins du Quebec boosted its position in shares of RLJ Lodging Trust by 17.8% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 10,972 shares of the real estate investment trust’s stock valued at $82,000 after purchasing an additional 1,661 shares in the last quarter. State of Wyoming lifted its position in shares of RLJ Lodging Trust by 23.6% during the 3rd quarter. State of Wyoming now owns 9,120 shares of the real estate investment trust’s stock valued at $66,000 after acquiring an additional 1,741 shares during the last quarter. M&G PLC grew its holdings in shares of RLJ Lodging Trust by 8.2% in the 3rd quarter. M&G PLC now owns 24,355 shares of the real estate investment trust’s stock worth $170,000 after acquiring an additional 1,845 shares during the last quarter. KBC Group NV raised its position in shares of RLJ Lodging Trust by 55.2% during the second quarter. KBC Group NV now owns 5,258 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 1,870 shares during the period. Finally, State Board of Administration of Florida Retirement System lifted its holdings in shares of RLJ Lodging Trust by 3.7% during the second quarter. State Board of Administration of Florida Retirement System now owns 56,709 shares of the real estate investment trust’s stock valued at $413,000 after purchasing an additional 2,048 shares during the last quarter. 92.35% of the stock is currently owned by institutional investors.

RLJ Lodging Trust Company Profile

RLJ Lodging Trust is a self-managed, publicly traded real estate investment trust (REIT) that acquires, owns and operates premium-branded, focused-service and compact full-service hotels. The company’s portfolio is concentrated in major U.S. markets, targeting properties that benefit from strong corporate and leisure demand, limited new supply and established brand affiliations.

The trust’s hotels are affiliated with leading global lodging brands across the spectrum of service levels, including lifestyle and upscale segments.