RLJ Lodging Trust (NYSE:RLJ) Hits New 52-Week Low – Here’s Why

RLJ Lodging Trust (NYSE:RLJ) hit a new 52-week low during trading on Saturday . The company traded as low as $8.26 and last traded at $8.42, with a volume of 5654912 shares changing hands. The stock had previously closed at $8.88.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on RLJ shares. StockNews.com raised RLJ Lodging Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Wells Fargo & Company cut their price objective on shares of RLJ Lodging Trust from $10.50 to $9.75 and set an “underweight” rating for the company in a report on Tuesday, February 18th. Finally, Truist Financial cut shares of RLJ Lodging Trust from a “buy” rating to a “hold” rating and lowered their target price for the stock from $11.00 to $10.00 in a report on Friday. 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. Based on data from MarketBeat, RLJ Lodging Trust presently has an average rating of “Hold” and a consensus target price of $10.63.

RLJ Lodging Trust Stock Down 5.2 %

The firm’s 50-day moving average price is $9.48 and its 200 day moving average price is $9.59. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 29.03, a PEG ratio of 2.87 and a beta of 1.69.

RLJ Lodging Trust (NYSE:RLJ) last announced its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.33 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.36. The business had revenue of $329.99 million during the quarter, compared to the consensus estimate of $324.66 million. RLJ Lodging Trust had a net margin of 5.19% and a return on equity of 3.58%. On average, sell-side analysts forecast that RLJ Lodging Trust will post 1.37 EPS for the current fiscal year.

RLJ Lodging Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.15 per share. The ex-dividend date is Monday, March 31st. This represents a $0.60 annualized dividend and a dividend yield of 7.13%. RLJ Lodging Trust’s dividend payout ratio is currently 222.22%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Rhumbline Advisers lifted its holdings in shares of RLJ Lodging Trust by 0.5% in the fourth quarter. Rhumbline Advisers now owns 282,846 shares of the real estate investment trust’s stock worth $2,888,000 after acquiring an additional 1,320 shares during the last quarter. US Bancorp DE increased its position in RLJ Lodging Trust by 78.2% during the 4th quarter. US Bancorp DE now owns 3,230 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,417 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in RLJ Lodging Trust by 0.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 389,527 shares of the real estate investment trust’s stock valued at $3,576,000 after purchasing an additional 1,634 shares during the last quarter. Metis Global Partners LLC lifted its stake in RLJ Lodging Trust by 11.4% in the 4th quarter. Metis Global Partners LLC now owns 17,594 shares of the real estate investment trust’s stock valued at $180,000 after purchasing an additional 1,796 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its position in RLJ Lodging Trust by 1.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 192,700 shares of the real estate investment trust’s stock valued at $1,769,000 after buying an additional 2,500 shares in the last quarter. Institutional investors own 92.35% of the company’s stock.

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.