RLJ Lodging Trust (NYSE:RLJ) Price Target Cut to $7.00 by Analysts at Truist Financial

RLJ Lodging Trust (NYSE:RLJ) had its price objective reduced by research analysts at Truist Financial from $8.00 to $7.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. Truist Financial’s target price would suggest a potential downside of 3.51% from the company’s current price.

RLJ has been the topic of a number of other research reports. LADENBURG THALM/SH SH began coverage on shares of RLJ Lodging Trust in a report on Thursday, March 26th. They issued a “neutral” rating and a $8.50 target price on the stock. Barclays began coverage on RLJ Lodging Trust in a report on Tuesday, January 6th. They issued an “underweight” rating and a $6.00 price target on the stock. Weiss Ratings restated a “sell (d)” rating on shares of RLJ Lodging Trust in a research note on Monday, December 29th. Finally, Zacks Research raised shares of RLJ Lodging Trust from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $8.00.

RLJ Lodging Trust Stock Performance

RLJ Lodging Trust stock traded down $0.10 during mid-day trading on Monday, reaching $7.26. The company’s stock had a trading volume of 642,215 shares, compared to its average volume of 1,810,840. 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 twelve month low of $6.16 and a twelve month high of $8.63. The business has a 50 day moving average price of $7.81 and a 200-day moving average price of $7.52. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 362.75 and a beta of 1.08.

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

Institutional Trading of RLJ Lodging Trust

A number of hedge funds and other institutional investors have recently modified their holdings of RLJ. Denali Advisors LLC bought a new position in RLJ Lodging Trust during the third quarter valued at about $1,432,000. JPMorgan Chase & Co. lifted its holdings in RLJ Lodging Trust by 4.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,204,026 shares of the real estate investment trust’s stock valued at $37,469,000 after acquiring an additional 226,335 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of RLJ Lodging Trust by 1,871.5% in the 3rd quarter. Principal Financial Group Inc. now owns 201,603 shares of the real estate investment trust’s stock worth $1,452,000 after purchasing an additional 191,377 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of RLJ Lodging Trust by 36.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,282,101 shares of the real estate investment trust’s stock worth $16,614,000 after purchasing an additional 614,166 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its stake in RLJ Lodging Trust by 22.3% during the third quarter. Allianz Asset Management GmbH now owns 2,201,825 shares of the real estate investment trust’s stock valued at $15,853,000 after purchasing an additional 401,189 shares during the last quarter. Institutional investors own 92.35% of the company’s stock.

About RLJ Lodging Trust

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.