Key Points
- Director Robin Mcbride Zeigler sold 13,413 shares on Nov. 21 at an average price of $7.51 for a total of $100,731.63, cutting her stake by 26.52% to 37,159 shares (valued at ~$279,064).
- RLJ pays a $0.15 quarterly dividend (annualized $0.60) for a 7.8% yield1,200%; the company reported $0.27 EPS last quarter (missed by $0.01) and revenue was down 4.5% year‑over‑year.
- Analyst coverage is mixed with a consensus rating of "Hold" and an average price target of $9.08; the stock has a market cap of about $1.16 billion and a 52‑week range of $6.16–$10.84.
RLJ Lodging Trust (NYSE:RLJ - Get Free Report) Director Robin Mcbride Zeigler sold 13,413 shares of the company's stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $7.51, for a total transaction of $100,731.63. Following the completion of the transaction, the director owned 37,159 shares in the company, valued at $279,064.09. This represents a 26.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
RLJ Lodging Trust Stock Performance
RLJ Lodging Trust stock opened at $7.65 on Wednesday. The company has a 50 day moving average price of $7.17 and a 200-day moving average price of $7.36. The company has a debt-to-equity ratio of 1.19, a quick ratio of 2.48 and a current ratio of 2.48. RLJ Lodging Trust has a fifty-two week low of $6.16 and a fifty-two week high of $10.84. The company has a market capitalization of $1.16 billion, a PE ratio of 36.40 and a beta of 1.48.
RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last announced its quarterly earnings data on Wednesday, November 5th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.01). The firm had revenue of $330.05 million during the quarter, compared to the consensus estimate of $326.13 million. RLJ Lodging Trust had a return on equity of 3.03% and a net margin of 4.23%.The firm's revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period last year, the company earned $0.40 EPS. RLJ Lodging Trust has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that RLJ Lodging Trust will post 1.37 earnings per share for the current year.
RLJ Lodging Trust Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.60 dividend on an annualized basis and a yield of 7.8%. RLJ Lodging Trust's dividend payout ratio is 1,200.00%.
Analysts Set New Price Targets
A number of research analysts have commented on the stock. Wells Fargo & Company raised shares of RLJ Lodging Trust to a "strong sell" rating in a research report on Friday, October 3rd. Baird R W lowered shares of RLJ Lodging Trust from a "strong-buy" rating to a "hold" rating in a report on Friday, October 3rd. Raymond James Financial upgraded RLJ Lodging Trust from a "market perform" rating to a "strong-buy" rating and set a $9.00 target price for the company in a report on Wednesday, November 12th. Truist Financial lifted their price target on RLJ Lodging Trust from $7.00 to $8.00 and gave the company a "hold" rating in a report on Friday, September 5th. Finally, Zacks Research lowered RLJ Lodging Trust from a "hold" rating to a "strong sell" rating in a research report on Friday, November 14th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $9.08.
View Our Latest Stock Report on RLJ Lodging Trust
Hedge Funds Weigh In On RLJ Lodging Trust
Several institutional investors and hedge funds have recently bought and sold shares of RLJ. Victory Capital Management Inc. increased its position in RLJ Lodging Trust by 2,455.6% during the 1st quarter. Victory Capital Management Inc. now owns 469,769 shares of the real estate investment trust's stock valued at $3,706,000 after buying an additional 451,387 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of RLJ Lodging Trust by 1.2% during the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 364,659 shares of the real estate investment trust's stock worth $2,877,000 after acquiring an additional 4,466 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of RLJ Lodging Trust by 5.4% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 101,739 shares of the real estate investment trust's stock worth $803,000 after acquiring an additional 5,209 shares during the last quarter. Picton Mahoney Asset Management acquired a new position in shares of RLJ Lodging Trust during the first quarter valued at about $341,000. Finally, GSA Capital Partners LLP purchased a new position in shares of RLJ Lodging Trust in the 1st quarter valued at approximately $551,000. 92.35% of the stock is owned by hedge funds and other institutional investors.
About RLJ Lodging Trust
(
Get Free Report)
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.
Further Reading
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