RLJ Lodging Trust (NYSE:RLJ) Receives $8.00 Consensus Price Target from Brokerages

RLJ Lodging Trust (NYSE:RLJ) has received a consensus rating of “Hold” from the nine ratings firms that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, four have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $8.00.

A number of equities analysts have issued reports on RLJ shares. Weiss Ratings reiterated a “sell (d)” rating on shares of RLJ Lodging Trust in a research note on Monday, December 29th. Truist Financial cut their target price on RLJ Lodging Trust from $8.00 to $7.00 and set a “hold” rating on the stock in a research note on Monday, April 6th. LADENBURG THALM/SH SH started coverage on RLJ Lodging Trust in a research note on Thursday, March 26th. They issued a “neutral” rating and a $8.50 target price on the stock. Zacks Research upgraded RLJ Lodging Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Finally, Barclays started coverage on RLJ Lodging Trust in a research note on Tuesday, January 6th. They issued an “underweight” rating and a $6.00 target price on the stock.

RLJ Lodging Trust Price Performance

RLJ stock opened at $7.98 on Tuesday. The company has a market capitalization of $1.21 billion, a P/E ratio of 398.75 and a beta of 1.08. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. RLJ Lodging Trust has a 52-week low of $6.54 and a 52-week high of $8.63. The business has a 50-day simple moving average of $7.85 and a two-hundred day simple moving average of $7.54.

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

RLJ Lodging Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date was Tuesday, March 31st. RLJ Lodging Trust’s payout ratio is presently 3,000.00%.

Hedge Funds Weigh In On RLJ Lodging Trust

Hedge funds and other institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC boosted its stake in shares of RLJ Lodging Trust by 2,721.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,470 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 3,347 shares during the last quarter. Daytona Street Capital LLC purchased a new position in shares of RLJ Lodging Trust in the 4th quarter worth approximately $28,000. PNC Financial Services Group Inc. boosted its stake in shares of RLJ Lodging Trust by 166.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,618 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 2,887 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of RLJ Lodging Trust in the 3rd quarter worth approximately $36,000. Finally, Danske Bank A S bought a new stake in shares of RLJ Lodging Trust in the 3rd quarter worth approximately $50,000. Hedge funds and other 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.