RLJ Lodging Trust (NYSE:RLJ) Reaches New 52-Week Low – What’s Next?

RLJ Lodging Trust (NYSE:RLJ) shares reached a new 52-week low during trading on Friday . The company traded as low as $8.78 and last traded at $8.78, with a volume of 495290 shares changing hands. The stock had previously closed at $8.85.

Analyst Ratings Changes

Several equities research analysts recently weighed in on RLJ shares. StockNews.com cut RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research note on Monday. Wells Fargo & Company cut shares of RLJ Lodging Trust from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $11.00 to $9.00 in a report on Friday, September 13th. Wolfe Research lowered shares of RLJ Lodging Trust from an “outperform” rating to a “peer perform” rating in a research note on Thursday, September 26th. Compass Point downgraded shares of RLJ Lodging Trust from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $18.00 to $10.00 in a research note on Monday, August 5th. Finally, Truist Financial cut their target price on RLJ Lodging Trust from $14.00 to $11.00 and set a “buy” rating on the stock in a research report on Monday. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, RLJ Lodging Trust presently has an average rating of “Hold” and a consensus target price of $11.71.

RLJ Lodging Trust Stock Down 0.5 %

The firm’s 50 day moving average price is $9.27 and its two-hundred day moving average price is $9.68. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 34.04, a P/E/G ratio of 0.86 and a beta of 1.69. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.60 and a quick ratio of 2.60.

RLJ Lodging Trust (NYSE:RLJ) last issued its earnings results on Thursday, August 1st. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.25). The firm had revenue of $369.30 million during the quarter, compared to analysts’ expectations of $365.67 million. RLJ Lodging Trust had a net margin of 4.93% and a return on equity of 3.34%. The firm’s revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.56 EPS. As a group, sell-side analysts forecast that RLJ Lodging Trust will post 1.34 earnings per share for the current fiscal year.

Hedge Funds Weigh In On RLJ Lodging Trust

A number of large investors have recently modified their holdings of RLJ. Asset Management One Co. Ltd. boosted its position in shares of RLJ Lodging Trust by 0.8% during the 3rd quarter. Asset Management One Co. Ltd. now owns 225,738 shares of the real estate investment trust’s stock worth $2,072,000 after purchasing an additional 1,755 shares in the last quarter. Ground Swell Capital LLC acquired a new stake in shares of RLJ Lodging Trust in the third quarter valued at about $93,000. Donald Smith & CO. Inc. boosted its holdings in RLJ Lodging Trust by 46.6% during the third quarter. Donald Smith & CO. Inc. now owns 4,855,122 shares of the real estate investment trust’s stock worth $44,570,000 after buying an additional 1,543,848 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in RLJ Lodging Trust by 34.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,051 shares of the real estate investment trust’s stock worth $57,000 after buying an additional 1,564 shares during the period. Finally, Creative Planning purchased a new position in RLJ Lodging Trust in the third quarter valued at about $275,000. 92.35% of the stock is owned by hedge funds and other institutional investors.

RLJ Lodging Trust Company Profile

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.