RLJ Lodging Trust (NYSE:RLJ) Sets New 12-Month Low – What’s Next?

RLJ Lodging Trust (NYSE:RLJ)’s stock price hit a new 52-week low on Saturday . The stock traded as low as $8.26 and last traded at $8.42, with a volume of 5654912 shares traded. The stock had previously closed at $8.88.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Truist Financial cut shares of RLJ Lodging Trust from a “buy” rating to a “hold” rating and lowered their target price for the company from $11.00 to $10.00 in a research note on Friday. Wells Fargo & Company reduced their target price on shares of RLJ Lodging Trust from $10.50 to $9.75 and set an “underweight” rating on the stock in a research report on Tuesday, February 18th. Finally, StockNews.com raised shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $10.63.

RLJ Lodging Trust Stock Down 5.2 %

The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 29.03, a P/E/G ratio of 2.87 and a beta of 1.69. The stock’s fifty day moving average price is $9.48 and its 200-day moving average price is $9.59. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 1.14.

RLJ Lodging Trust (NYSE:RLJ) last posted its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $0.33 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.36. RLJ Lodging Trust had a return on equity of 3.58% and a net margin of 5.19%. The firm had revenue of $329.99 million for the quarter, compared to analyst estimates of $324.66 million. On average, sell-side analysts predict that RLJ Lodging Trust will post 1.37 earnings per share for the current fiscal year.

RLJ Lodging Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 7.13%. The ex-dividend date of this dividend is Monday, March 31st. RLJ Lodging Trust’s dividend payout ratio (DPR) is presently 222.22%.

Institutional Trading of RLJ Lodging Trust

Hedge funds have recently made changes to their positions in the business. GF Fund Management CO. LTD. acquired a new position in shares of RLJ Lodging Trust during the 4th quarter worth approximately $29,000. US Bancorp DE lifted its stake in shares of RLJ Lodging Trust by 78.2% during the 4th quarter. US Bancorp DE now owns 3,230 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 1,417 shares during the last quarter. CreativeOne Wealth LLC bought a new stake in shares of RLJ Lodging Trust during the 4th quarter worth about $111,000. Xponance Inc. acquired a new position in RLJ Lodging Trust in the 4th quarter valued at about $112,000. Finally, EntryPoint Capital LLC raised its holdings in RLJ Lodging Trust by 23.8% in the 4th quarter. EntryPoint Capital LLC now owns 13,659 shares of the real estate investment trust’s stock valued at $139,000 after acquiring an additional 2,624 shares during the period. 92.35% of the stock is owned by institutional investors and hedge funds.

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 currently consists of 96 hotels with approximately 21,200 rooms, located in 23 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.