RLJ Lodging Trust (NYSE:RLJ) Price Target Raised to $11.00

RLJ Lodging Trust (NYSE:RLJ) had its price objective raised by stock analysts at Truist Financial from $10.00 to $11.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has a “hold” rating on the real estate investment trust’s stock. Truist Financial’s price target would indicate a potential upside of 1.83% from the stock’s previous close.

A number of other research firms also recently issued reports on RLJ. Oppenheimer reissued an “outperform” rating and issued a $13.00 price target (up from $10.00) on shares of RLJ Lodging Trust in a research note on Thursday, June 18th. Zacks Research cut RLJ Lodging Trust from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Wells Fargo & Company upped their target price on RLJ Lodging Trust from $9.00 to $11.00 and gave the stock an “underweight” rating in a report on Thursday, July 23rd. Raymond James Financial downgraded RLJ Lodging Trust from a “strong-buy” rating to an “outperform” rating and upped their target price for the stock from $9.00 to $11.00 in a report on Thursday, May 28th. Finally, Barclays increased their target price on RLJ Lodging Trust from $9.50 to $11.00 and gave the stock an “underweight” rating in a research report on Thursday, August 27th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $11.22.

RLJ Lodging Trust Stock Performance

NYSE:RLJ opened at $10.80 on Monday. The stock has a market cap of $1.65 billion, a P/E ratio of 7.49 and a beta of 1.08. The firm’s fifty day simple moving average is $11.47 and its 200 day simple moving average is $9.99. RLJ Lodging Trust has a twelve month low of $6.54 and a twelve month high of $12.89. The company has a quick ratio of 5.71, a current ratio of 5.71 and a debt-to-equity ratio of 1.50.

RLJ Lodging Trust (NYSE:RLJ) last issued its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.37. RLJ Lodging Trust had a net margin of 2.00% and a return on equity of 1.52%. The business had revenue of $382.99 million for the quarter, compared to the consensus estimate of $370.49 million. During the same period in the previous year, the firm earned $0.48 EPS. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. RLJ Lodging Trust has set its FY 2026 guidance at 1.370-1.500 EPS. As a group, research analysts predict that RLJ Lodging Trust will post 1.33 EPS for the current year.

Institutional Investors Weigh In On RLJ Lodging Trust

Several hedge funds have recently bought and sold shares of the business. Donald Smith & CO. Inc. purchased a new stake in RLJ Lodging Trust in the second quarter worth about $145,895,000. Aegis Financial Corp lifted its holdings in shares of RLJ Lodging Trust by 2.5% during the second quarter. Aegis Financial Corp now owns 2,049,425 shares of the real estate investment trust’s stock valued at $24,286,000 after purchasing an additional 50,000 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of RLJ Lodging Trust by 3.1% during the fourth quarter. Fisher Asset Management LLC now owns 3,127,412 shares of the real estate investment trust’s stock valued at $23,299,000 after purchasing an additional 94,291 shares during the last quarter. Palisade Capital Management LP bought a new stake in shares of RLJ Lodging Trust in the 2nd quarter worth approximately $13,440,000. Finally, Centersquare Investment Management LLC bought a new stake in shares of RLJ Lodging Trust in the 4th quarter worth approximately $13,254,000. Institutional investors own 92.35% of the company’s stock.

About RLJ Lodging Trust

RLJ Lodging Trust is a self-managed real estate investment trust that owns and operates a portfolio of premium-branded, focused-service and compact full-service hotels in the United States. Its properties are generally located in urban and high-barrier-to-entry suburban markets, with an emphasis on business, leisure and other demand-generating locations.

The company’s hotels operate under well-known brands, including offerings affiliated with Marriott International, Hilton Worldwide, Hyatt Hotels and InterContinental Hotels Group.