Analysts Set RLJ Lodging Trust (NYSE:RLJ) Price Target at $10.94

Shares of RLJ Lodging Trust (NYSE:RLJ) have earned an average rating of “Reduce” from the ten brokerages that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $10.9444.

A number of research analysts have issued reports on the company. Wall Street Zen upgraded RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research note on Sunday, June 7th. Bank of America raised their price target on RLJ Lodging Trust from $9.25 to $10.50 and gave the company an “underperform” rating in a report on Monday, July 20th. Raymond James Financial lowered RLJ Lodging Trust from a “strong-buy” rating to an “outperform” rating and lifted their price target for the stock from $9.00 to $11.00 in a research report on Thursday, May 28th. UBS Group set a $13.00 price target on shares of RLJ Lodging Trust in a research note on Thursday, June 18th. Finally, LADENBURG THALM/SH SH increased their price objective on shares of RLJ Lodging Trust from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Monday, August 10th.

Hedge Funds Weigh In On RLJ Lodging Trust

Hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its stake in shares of RLJ Lodging Trust by 29.8% in the first quarter. PNC Financial Services Group Inc. now owns 5,992 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 1,374 shares during the last quarter. Federation des caisses Desjardins du Quebec raised its position in RLJ Lodging Trust by 17.8% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 10,972 shares of the real estate investment trust’s stock worth $82,000 after buying an additional 1,661 shares during the last quarter. State of Wyoming lifted its stake in RLJ Lodging Trust by 12.3% during the 1st quarter. State of Wyoming now owns 17,904 shares of the real estate investment trust’s stock valued at $133,000 after acquiring an additional 1,963 shares during the period. Deutsche Bank AG lifted its stake in RLJ Lodging Trust by 1.4% during the 4th quarter. Deutsche Bank AG now owns 181,568 shares of the real estate investment trust’s stock valued at $1,353,000 after acquiring an additional 2,453 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of RLJ Lodging Trust by 2,721.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,470 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 3,347 shares during the last quarter. 92.35% of the stock is currently owned by hedge funds and other institutional investors.

RLJ Lodging Trust Price Performance

Shares of RLJ stock opened at $11.49 on Monday. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of 7.88 and a beta of 1.09. The business’s fifty day moving average is $11.64 and its 200 day moving average is $9.56. 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 announced its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.52 EPS for the quarter, beating the consensus estimate of $0.15 by $0.37. RLJ Lodging Trust had a return on equity of 1.52% and a net margin of 2.00%.The business had revenue of $382.99 million during the quarter, compared to analyst estimates of $370.49 million. During the same quarter last year, the firm posted $0.48 earnings per share. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. RLJ Lodging Trust has set its FY 2026 guidance at 1.370-1.500 EPS. Research analysts expect that RLJ Lodging Trust will post 1.33 EPS for the current fiscal year.

RLJ Lodging Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.2%. The ex-dividend date was Tuesday, June 30th.

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.