RLJ Lodging Trust (RLJ) Stock Price, News & Analysis

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for RLJ Lodging Trust in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" RLJ shares.
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5 equities research analysts have issued 12 month price objectives for RLJ Lodging Trust's shares. Their RLJ share price targets range from $12.50 to $15.00. On average, they expect the company's share price to reach $13.90 in the next twelve months. This suggests a possible upside of 26.4% from the stock's current price.
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RLJ Lodging Trust's stock was trading at $11.72 at the beginning of the year. Since then, RLJ stock has decreased by 6.1% and is now trading at $11.00.
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RLJ Lodging Trust saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 7,870,000 shares, a decrease of 23.7% from the March 15th total of 10,320,000 shares. Based on an average daily volume of 1,300,000 shares, the days-to-cover ratio is currently 6.1 days. Approximately 5.2% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
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RLJ Lodging Trust will be holding an earnings conference call on Thursday, May 2nd at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13745014".

RLJ Lodging Trust (NYSE:RLJ) issued its earnings results on Monday, February, 26th. The real estate investment trust reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.04. The real estate investment trust had revenue of $319.70 million for the quarter, compared to the consensus estimate of $313.34 million. RLJ Lodging Trust had a trailing twelve-month return on equity of 3.79% and a net margin of 5.76%. The business's revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.33 earnings per share.

RLJ Lodging Trust announced a quarterly dividend on Friday, March 15th. Investors of record on Friday, March 29th will be given a dividend of $0.10 per share on Monday, April 15th. This represents a $0.40 annualized dividend and a dividend yield of 3.64%. The ex-dividend date is Wednesday, March 27th.
Read our dividend analysis for RLJ.

RLJ Lodging Trust (NYSE:RLJ) pays an annual dividend of $0.40 per share and currently has a dividend yield of 3.56%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 125.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, RLJ will have a dividend payout ratio of 23.12% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RLJ.

ETFs with the largest weight of RLJ Lodging Trust (NYSE:RLJ) stock in their portfolio include AdvisorShares Hotel ETF (BEDZ), Invesco Active U.S. Real Estate ETF (PSR), Cambria Global Real Estate ETF (BLDG), Nuveen Short-Term REIT ETF (NURE), Invesco Real Assets ESG ETF (IVRA), Fidelity Real Estate Investment ETF (FPRO) and Kelly Hotel & Lodging Sector ETF (HOTL).Defiance Hotel, Airline, and Cruise ETF (CRUZ).

RLJ Lodging Trust updated its first quarter 2024 earnings guidance on Tuesday, February, 27th. The company provided EPS guidance of 1.550-1.750 for the period, compared to the consensus EPS estimate of 1.660. The company issued revenue guidance of -.

Based on aggregate information from My MarketBeat watchlists, some companies that other RLJ Lodging Trust investors own include AT&T (T), Blackstone (BX), Enterprise Products Partners (EPD), Iron Mountain (IRM), VEREIT (VER), Starwood Property Trust (STWD), Macerich (MAC), New Residential Investment (NRZ), AGNC Investment (AGNC) and Energy Transfer (ET).

RLJ Lodging Trust's stock is owned by many different institutional and retail investors. Top institutional shareholders include Pensionfund DSM Netherlands (0.06%), Vert Asset Management LLC (0.04%), Pensionfund Sabic (0.02%), BTC Capital Management Inc. (0.02%), Los Angeles Capital Management LLC (0.01%) and Hazelview Securities Inc. (0.00%). Insiders that own company stock include Arthur Reginald Collins, Nathaniel A Davis and Patricia L Gibson.
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Shares of RLJ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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