RLJ Lodging Trust (NYSE:RLJ) Stock Has Average Target Price of $11.69

Shares of RLJ Lodging Trust (NYSE:RLJ) have been given an average rating of “Reduce” by the nine ratings firms that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $11.69.

Several analysts have issued reports on the stock. UBS Group set a $13.00 price target on shares of RLJ Lodging Trust in a research report on Thursday, June 18th. Oppenheimer restated an “outperform” rating and issued a $13.00 price objective (up from $10.00) on shares of RLJ Lodging Trust in a research note on Thursday, June 18th. Wells Fargo & Company raised their target price on RLJ Lodging Trust from $9.00 to $11.00 and gave the stock an “underweight” rating in a research report on Thursday, July 23rd. Barclays lifted their price target on shares of RLJ Lodging Trust from $9.50 to $11.00 and gave the company an “underweight” rating in a report on Thursday, August 27th. Finally, Truist Financial boosted their price objective on RLJ Lodging Trust from $10.00 to $11.00 and gave the stock a “hold” rating in a research note on Monday, September 21st.

Institutional Investors Weigh In On RLJ Lodging Trust

A number of hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its stake in shares of RLJ Lodging Trust by 33.2% in the third quarter. GAMMA Investing LLC now owns 3,837 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 957 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of RLJ Lodging Trust by 29.8% during the first quarter. PNC Financial Services Group Inc. now owns 5,992 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 1,374 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of RLJ Lodging Trust during the first quarter valued at approximately $108,000. Beacon Pointe Advisors LLC acquired a new stake in shares of RLJ Lodging Trust in the second quarter valued at approximately $201,000. Finally, State of Wyoming increased its holdings in shares of RLJ Lodging Trust by 12.3% in the first quarter. State of Wyoming now owns 17,904 shares of the real estate investment trust’s stock valued at $133,000 after purchasing an additional 1,963 shares in the last quarter. Institutional investors own 92.35% of the company’s stock.

RLJ Lodging Trust Price Performance

Shares of NYSE:RLJ opened at $11.21 on Tuesday. The business has a 50 day moving average price of $11.20 and a 200 day moving average price of $10.32. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 7.73 and a beta of 1.12. 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 has a twelve month low of $6.54 and a twelve month high of $12.89.

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

RLJ Lodging Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, September 30th. This represents a $0.60 annualized dividend and a yield of 5.4%.

About RLJ Lodging Trust

RLJ Lodging Trust (NYSE: RLJ) is a real estate investment trust that owns a portfolio of premium-branded, focused-service and compact full-service hotels in the United States. The company’s properties primarily serve business and leisure travelers and are located in urban, suburban and resort-oriented markets.

RLJ’s hotels operate under well-known hospitality brands, including Marriott, Hilton, Hyatt and other major lodging systems. Its properties provide accommodations and related services such as guest rooms, meeting facilities, food and beverage offerings, and other amenities.