Brokerages Set RLJ Lodging Trust (NYSE:RLJ) Target Price at $13.07

RLJ Lodging Trust (NYSE:RLJ) has received an average rating of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $13.07.

Several research firms have recently weighed in on RLJ. Bank of America decreased their price target on RLJ Lodging Trust from $12.00 to $10.00 and set an “underperform” rating for the company in a research note on Monday, July 22nd. Robert W. Baird decreased their price target on RLJ Lodging Trust from $13.00 to $12.00 and set an “outperform” rating for the company in a research note on Tuesday, June 11th. Finally, StockNews.com cut RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research note on Thursday, May 23rd.

Institutional Trading of RLJ Lodging Trust

A number of hedge funds have recently bought and sold shares of RLJ. Vanguard Group Inc. increased its position in RLJ Lodging Trust by 0.7% during the third quarter. Vanguard Group Inc. now owns 24,728,978 shares of the real estate investment trust’s stock valued at $242,097,000 after acquiring an additional 183,408 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in RLJ Lodging Trust by 3.6% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 126,244 shares of the real estate investment trust’s stock valued at $1,480,000 after acquiring an additional 4,414 shares during the last quarter. Custom Index Systems LLC purchased a new stake in RLJ Lodging Trust during the fourth quarter valued at $262,000. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in RLJ Lodging Trust by 4.8% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 178,304 shares of the real estate investment trust’s stock valued at $2,090,000 after purchasing an additional 8,145 shares during the period. Finally, Mackenzie Financial Corp grew its holdings in RLJ Lodging Trust by 8.7% during the fourth quarter. Mackenzie Financial Corp now owns 18,966 shares of the real estate investment trust’s stock valued at $222,000 after purchasing an additional 1,525 shares during the period. Hedge funds and other institutional investors own 92.35% of the company’s stock.

RLJ Lodging Trust Trading Down 2.0 %

RLJ Lodging Trust stock opened at $9.25 on Friday. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 1.13. The business’s fifty day simple moving average is $9.65 and its two-hundred day simple moving average is $10.83. RLJ Lodging Trust has a 12 month low of $9.06 and a 12 month high of $12.39. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 33.04, a price-to-earnings-growth ratio of 0.86 and a beta of 1.70.

RLJ Lodging Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date of this dividend was Friday, June 28th. RLJ Lodging Trust’s dividend payout ratio (DPR) is presently 142.86%.

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.