RLJ Lodging Trust (NYSE:RLJ – Get Free Report) has received an average recommendation of “Hold” from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $14.43.

Several equities analysts have issued reports on RLJ shares. Oppenheimer downgraded shares of RLJ Lodging Trust from an “outperform” rating to a “market perform” rating and set a $15.00 price objective for the company. in a research note on Thursday, July 20th. Wells Fargo & Company raised their target price on shares of RLJ Lodging Trust from $10.50 to $11.00 in a research report on Wednesday, July 12th. Truist Financial cut their target price on shares of RLJ Lodging Trust from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, July 20th. StockNews.com assumed coverage on shares of RLJ Lodging Trust in a research note on Thursday. They set a “sell” rating for the company. Finally, Barclays dropped their price objective on shares of RLJ Lodging Trust from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 27th.

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RLJ Lodging Trust Trading Up 0.8 %

RLJ Lodging Trust Increases Dividend

NYSE RLJ opened at $9.68 on Monday. The firm’s fifty day moving average price is $10.09 and its 200 day moving average price is $10.53. RLJ Lodging Trust has a 12 month low of $9.27 and a 12 month high of $13.29. The company has a debt-to-equity ratio of 1.09, a current ratio of 3.76 and a quick ratio of 3.76. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 30.25, a price-to-earnings-growth ratio of 2.59 and a beta of 1.73.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 17th. Investors of record on Saturday, September 30th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 4.13%. This is a positive change from RLJ Lodging Trust’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Thursday, September 28th. RLJ Lodging Trust’s dividend payout ratio (DPR) is 100.00%.

Hedge Funds Weigh In On RLJ Lodging Trust

A number of large investors have recently bought and sold shares of RLJ. Signaturefd LLC increased its stake in shares of RLJ Lodging Trust by 159.2% during the second quarter. Signaturefd LLC now owns 2,735 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 1,680 shares during the period. US Bancorp DE boosted its holdings in RLJ Lodging Trust by 45.7% in the 1st quarter. US Bancorp DE now owns 3,404 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 1,067 shares in the last quarter. Quarry LP purchased a new stake in RLJ Lodging Trust in the 2nd quarter valued at approximately $37,000. Point72 Middle East FZE acquired a new position in RLJ Lodging Trust during the 4th quarter worth approximately $38,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of RLJ Lodging Trust by 319.5% during the 1st quarter. Tower Research Capital LLC TRC now owns 3,713 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 2,828 shares in the last quarter. Hedge funds and other institutional investors own 92.98% of the company’s stock.

RLJ Lodging Trust Company Profile

(Get Free Report

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.

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