These Numbers Show Favorable Signs for RLJ Lodging Trust (RLJ)

RLJ Lodging Trust (NYSE: RLJ) is 12.65% higher on its value in year-to-date trading and has touched a low of $9.06 and a high of $12.92 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RLJ stock was last observed hovering at around $11.84 in the last trading session, with the day’s gains setting it 0.09% off its average median price target of $13.00 for the next 12 months. It is also 33.72% off the consensus price target high of $18.00 offered by 10 analysts, but current levels are 0.58% higher than the price target low of $12.00 for the same period.

Currently trading at $11.93, the stock is 7.97% and 15.33% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.37 million and changing 0.76% at the moment leaves the stock 16.92% off its SMA200. RLJ registered 15.60% gain for a year compared to 6-month gain of 21.73%. The firm has a 50-day simple moving average (SMA 50) of $3.11 and a 200-day simple moving average (SMA200) of $11.61.

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The stock witnessed a 14.71% loss in the last 1 month and extending the period to 3 months gives it a 21.61%, and is 3.20% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.80% over the week and 2.40% over the month.

RLJ Lodging Trust (RLJ) has around 76 employees, a market worth around $1.86B and $1.31B in sales. Current P/E ratio is 38.21 and Fwd P/E is 44.04. Profit margin for the company is 3.74%. Distance from 52-week low is 31.61% and -7.66% from its 52-week high. The company has generated returns on investments over the last 12 months (1.04%).

RLJ Lodging Trust (RLJ) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for RLJ Lodging Trust (RLJ) is a “Overweight”. 10 analysts offering their recommendations for the stock have an average rating of 2.20, where 4 rate it as a Hold and 1 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

RLJ Lodging Trust is expected to release its quarterly report on 02/21/2024.The EPS is expected to grow by 213.10% this year.

RLJ Lodging Trust (RLJ) Top Institutional Holders

The shares outstanding are 162.00M, and float is at 151.60M with Short Float at 6.98%.

RLJ Lodging Trust (RLJ) Insider Activity

A total of 1 insider transactions have happened at RLJ Lodging Trust (RLJ) in the last six months, with sales accounting for 1 and purchases happening 0 times. The most recent transaction is an insider sale by DAVIS NATHANIEL A,the company’sDirector. SEC filings show that DAVIS NATHANIEL A sold 39,594 shares of the company’s common stock on Nov 10 at a price of $9.87 per share for a total of $0.39 million. Following the sale, the insider now owns 43423.0 shares.

RLJ Lodging Trust (RLJ): Who are the competitors?

The company’s main competitors (and peers) include Diamondrock Hospitality Co. (DRH) that is trading 16.57% up over the past 12 months. Pebblebrook Hotel Trust (PEB) that is 21.41% higher over the same period.