RLJ Lodging Trust (NYSE:RLJ) Hits New 1-Year High – What’s Next?

RLJ Lodging Trust (NYSE:RLJ)’s stock price reached a new 52-week high during mid-day trading on Monday. The company traded as high as $12.91 and last traded at $12.8940, with a volume of 36,219 shares changing hands. The stock had previously closed at $12.61.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Wells Fargo & Company increased their price target on RLJ Lodging Trust from $9.00 to $11.00 and gave the stock an “underweight” rating in a report on Thursday, July 23rd. Bank of America raised their price target on RLJ Lodging Trust from $9.25 to $10.50 and gave the stock an “underperform” rating in a research report on Monday, July 20th. Truist Financial lifted their price objective on RLJ Lodging Trust from $10.00 to $11.00 and gave the company a “hold” rating in a report on Monday, September 21st. LADENBURG THALM/SH SH boosted their price objective on RLJ Lodging Trust from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. Finally, Weiss Ratings upgraded RLJ Lodging Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, October 23rd. One equities research 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. According to data from MarketBeat.com, RLJ Lodging Trust has a consensus rating of “Hold” and an average price target of $11.81.

RLJ Lodging Trust Stock Down 1.8%

The company has a market capitalization of $1.91 billion, a P/E ratio of 8.86, a PEG ratio of 2.18 and a beta of 1.14. The firm’s 50 day moving average price is $11.41 and its two-hundred day moving average price is $9.92. The company has a current ratio of 5.71, a quick ratio of 5.71 and a debt-to-equity ratio of 1.50.

RLJ Lodging Trust (NYSE:RLJ) last announced its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.37. RLJ Lodging Trust had a net margin of 2.00% and a return on equity of 1.52%. The business had revenue of $382.99 million for the quarter, compared to analyst estimates of $370.49 million. During the same quarter in the previous year, the firm posted $0.48 earnings per share. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. RLJ Lodging Trust has set its FY 2026 guidance at 1.370-1.500 EPS. Equities research analysts forecast that RLJ Lodging Trust will post 1.34 EPS for the current year.

RLJ Lodging Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.8%. The ex-dividend date was Wednesday, September 30th.

Institutional Investors Weigh In On RLJ Lodging Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Readystate Asset Management LP acquired a new position in shares of RLJ Lodging Trust during the 2nd quarter worth approximately $1,377,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of RLJ Lodging Trust in the 2nd quarter valued at approximately $1,544,000. Public Employees Retirement System of Ohio acquired a new stake in shares of RLJ Lodging Trust in the 2nd quarter valued at approximately $1,727,000. Sei Investments Co. boosted its holdings in shares of RLJ Lodging Trust by 122.5% in the 1st quarter. Sei Investments Co. now owns 251,168 shares of the real estate investment trust’s stock valued at $1,864,000 after buying an additional 138,259 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of RLJ Lodging Trust in the second quarter valued at $1,640,000. 92.35% of the stock is owned by institutional investors.

About RLJ Lodging Trust

RLJ Lodging Trust (NYSE:RLJ) is a self-advised real estate investment trust that owns a portfolio of premium-branded, focused-service and compact full-service hotels. The company’s properties primarily operate under brands affiliated with Marriott International, Hilton Worldwide Holdings and Hyatt Hotels, among other major lodging companies.

RLJ’s hotels are generally located in urban and densely populated areas, including major business and leisure markets across the United States. The properties provide guest accommodations and related hospitality services, while independent hotel management companies typically oversee day-to-day operations.

The company was formed in 2011 and is named after Robert L.