RLJ Lodging Trust (NYSE:RLJ) Price Target Cut to $7.00 by Analysts at Truist Financial

RLJ Lodging Trust (NYSE:RLJ) had its price target cut by Truist Financial from $8.00 to $7.00 in a research note published on Monday,Benzinga reports. They currently have a hold rating on the real estate investment trust’s stock.

Other equities analysts have also issued research reports about the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of RLJ Lodging Trust in a research note on Monday, December 29th. LADENBURG THALM/SH SH began coverage on RLJ Lodging Trust in a research note on Thursday, March 26th. They issued a “neutral” rating and a $8.50 price target on the stock. Zacks Research raised RLJ Lodging Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Finally, Barclays began coverage on RLJ Lodging Trust in a research note on Tuesday, January 6th. They issued an “underweight” rating and a $6.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $8.00.

RLJ Lodging Trust Stock Performance

NYSE RLJ opened at $7.26 on Monday. The stock’s fifty day moving average is $7.80 and its two-hundred day moving average is $7.52. The firm has a market capitalization of $1.10 billion, a P/E ratio of 362.75 and a beta of 1.08. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. RLJ Lodging Trust has a fifty-two week low of $6.16 and a fifty-two week high of $8.63.

RLJ Lodging Trust (NYSE:RLJ) last announced its quarterly earnings results on Thursday, February 26th. The real estate investment trust reported $0.32 EPS for the quarter, beating the consensus estimate of $0.28 by $0.04. RLJ Lodging Trust had a return on equity of 1.54% and a net margin of 2.11%.The business had revenue of $328.59 million for the quarter, compared to analyst estimates of $317.95 million. During the same quarter in the prior year, the company posted $0.33 EPS. The company’s quarterly revenue was down .4% on a year-over-year basis. RLJ Lodging Trust has set its FY 2026 guidance at 1.210-1.410 EPS. On average, research analysts anticipate that RLJ Lodging Trust will post 1.37 earnings per share for the current year.

RLJ Lodging Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.60 annualized dividend and a yield of 8.3%. RLJ Lodging Trust’s dividend payout ratio is presently 3,000.00%.

Hedge Funds Weigh In On RLJ Lodging Trust

Several hedge funds have recently bought and sold shares of the company. Donald Smith & CO. Inc. lifted its stake in RLJ Lodging Trust by 23.1% during the 4th quarter. Donald Smith & CO. Inc. now owns 13,140,744 shares of the real estate investment trust’s stock worth $97,899,000 after acquiring an additional 2,463,189 shares in the last quarter. JPMorgan Chase & Co. boosted its position in RLJ Lodging Trust by 4.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,204,026 shares of the real estate investment trust’s stock valued at $37,469,000 after buying an additional 226,335 shares during the period. Geode Capital Management LLC boosted its position in RLJ Lodging Trust by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 3,844,974 shares of the real estate investment trust’s stock valued at $28,650,000 after buying an additional 114,163 shares during the period. Charles Schwab Investment Management Inc. boosted its position in RLJ Lodging Trust by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,709,660 shares of the real estate investment trust’s stock valued at $27,637,000 after buying an additional 74,252 shares during the period. Finally, Fisher Asset Management LLC boosted its position in RLJ Lodging Trust by 3.1% in the 4th quarter. Fisher Asset Management LLC now owns 3,127,412 shares of the real estate investment trust’s stock valued at $23,299,000 after buying an additional 94,291 shares during the period. Institutional investors and hedge funds own 92.35% of the company’s stock.

RLJ Lodging Trust Company Profile

RLJ Lodging Trust is a self-managed, publicly traded real estate investment trust (REIT) that acquires, owns and operates premium-branded, focused-service and compact full-service hotels. The company’s portfolio is concentrated in major U.S. markets, targeting properties that benefit from strong corporate and leisure demand, limited new supply and established brand affiliations.

The trust’s hotels are affiliated with leading global lodging brands across the spectrum of service levels, including lifestyle and upscale segments.