RLJ Lodging Trust (NYSE:RLJ) Trading 31.8% Higher

RLJ Lodging Trust (NYSE:RLJ)’s share price traded up 31.8% on Wednesday . The company traded as high as $6.11 and last traded at $8.00, 1,562,105 shares traded hands during trading. A decline of 62% from the average session volume of 4,113,479 shares. The stock had previously closed at $6.07.

A number of analysts have recently weighed in on the stock. Zacks Investment Research raised shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 27th. Barclays cut shares of RLJ Lodging Trust from an “overweight” rating to an “equal weight” rating and set a $8.00 price objective for the company. in a research report on Tuesday, March 17th. ValuEngine cut shares of RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, March 3rd. SunTrust Banks upped their price objective on shares of RLJ Lodging Trust from $14.00 to $15.00 and gave the stock a “sell” rating in a research report on Friday, November 29th. Finally, Wells Fargo & Co cut shares of RLJ Lodging Trust from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $17.00 to $11.50 in a research report on Monday, March 9th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. RLJ Lodging Trust has a consensus rating of “Hold” and a consensus price target of $15.50.

The stock’s 50-day moving average is $12.21 and its 200-day moving average is $15.76. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 14.18 and a beta of 1.46. The company has a current ratio of 5.27, a quick ratio of 5.27 and a debt-to-equity ratio of 0.81.

RLJ Lodging Trust (NYSE:RLJ) last released its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.20). The company had revenue of $347.07 million for the quarter, compared to analyst estimates of $342.86 million. RLJ Lodging Trust had a return on equity of 4.35% and a net margin of 8.16%. On average, equities research analysts anticipate that RLJ Lodging Trust will post 1.73 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.47%. The ex-dividend date is Monday, March 30th. RLJ Lodging Trust’s dividend payout ratio (DPR) is currently 65.02%.

A number of hedge funds and other institutional investors have recently made changes to their positions in RLJ. First Trust Advisors LP increased its position in RLJ Lodging Trust by 38.7% in the 1st quarter. First Trust Advisors LP now owns 197,863 shares of the real estate investment trust’s stock valued at $3,476,000 after acquiring an additional 55,224 shares during the period. Amundi Pioneer Asset Management Inc. increased its position in RLJ Lodging Trust by 125.8% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 204,215 shares of the real estate investment trust’s stock valued at $3,589,000 after acquiring an additional 113,786 shares during the period. Stifel Financial Corp increased its position in RLJ Lodging Trust by 2.8% in the 3rd quarter. Stifel Financial Corp now owns 153,430 shares of the real estate investment trust’s stock valued at $2,607,000 after acquiring an additional 4,166 shares during the period. Pictet Asset Management Ltd. increased its position in RLJ Lodging Trust by 3.0% in the 3rd quarter. Pictet Asset Management Ltd. now owns 34,200 shares of the real estate investment trust’s stock valued at $581,000 after acquiring an additional 1,000 shares during the period. Finally, California State Teachers Retirement System increased its position in RLJ Lodging Trust by 1.2% in the 3rd quarter. California State Teachers Retirement System now owns 268,384 shares of the real estate investment trust’s stock valued at $4,560,000 after acquiring an additional 3,205 shares during the period. Hedge funds and other institutional investors own 93.84% of the company’s stock.

About RLJ Lodging Trust (NYSE:RLJ)

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 consists of 150 hotels with approximately 28,600 rooms, located in 25 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.

Read More: Cost of Capital Explained

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