RLJ Lodging Trust (NYSE:RLJ) Hits New 1-Year Low – Here’s Why

RLJ Lodging Trust (NYSE:RLJ)’s share price reached a new 52-week low on Friday . The company traded as low as $8.15 and last traded at $8.21, with a volume of 2618269 shares traded. The stock had previously closed at $8.33.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on RLJ. Wells Fargo & Company decreased their target price on RLJ Lodging Trust from $10.50 to $9.75 and set an “underweight” rating for the company in a report on Tuesday, February 18th. Truist Financial cut RLJ Lodging Trust from a “buy” rating to a “hold” rating and decreased their price objective for the company from $11.00 to $10.00 in a research note on Friday, March 21st. StockNews.com upgraded shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, KeyCorp reduced their target price on shares of RLJ Lodging Trust from $14.00 to $12.00 and set an “overweight” rating on the stock in a report on Monday. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $10.82.

RLJ Lodging Trust Trading Down 1.5 %

The stock has a market capitalization of $1.24 billion, a PE ratio of 28.29, a PEG ratio of 2.87 and a beta of 1.69. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 1.14. The business’s 50-day moving average is $9.36 and its two-hundred day moving average is $9.57.

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

RLJ Lodging Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 7.31%. The ex-dividend date is Monday, March 31st. RLJ Lodging Trust’s dividend payout ratio (DPR) is presently 222.22%.

Institutional Investors Weigh In On RLJ Lodging Trust

Several hedge funds have recently modified their holdings of the stock. GF Fund Management CO. LTD. purchased a new position in RLJ Lodging Trust during the 4th quarter worth $29,000. US Bancorp DE increased its stake in shares of RLJ Lodging Trust by 78.2% during the fourth quarter. US Bancorp DE now owns 3,230 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 1,417 shares during the period. CreativeOne Wealth LLC purchased a new position in RLJ Lodging Trust during the fourth quarter worth about $111,000. Xponance Inc. acquired a new stake in RLJ Lodging Trust in the fourth quarter valued at about $112,000. Finally, EntryPoint Capital LLC boosted 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 purchasing an additional 2,624 shares in the last quarter. 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.