What should you know before buying stock in RLJ Lodging Trust (RLJ)

RLJ Lodging Trust (NYSE: RLJ) is 0.34% higher on its value in year-to-date trading and has touched a low of $8.98 and a high of $12.01 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 $11.68 in the last trading session, with the day’s gains setting it 0.08%.

Currently trading at $11.76, the stock is 0.90% and 2.54% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.41 million and changing 0.68% at the moment leaves the stock 14.09% off its SMA200. RLJ registered 0.03% gain for a year compared to 6-month gain of 21.79%. The firm has a 50-day simple moving average (SMA 50) of $3.09 and a 200-day simple moving average (SMA200) of $11.53.

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The stock witnessed a 1.82% loss in the last 1 month and extending the period to 3 months gives it a 20.66%, and is 1.82% 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 1.57% over the week and 2.10% over the month.

RLJ Lodging Trust (RLJ) has around Dec 28 2023 employees, a market worth around $1.83B and $1.31B in sales. Current P/E ratio is 37.67 and Fwd P/E is 41.85. Profit margin for the company is 3.74%. Distance from 52-week low is 30.90% and -2.08% from its 52-week high. The company has generated returns on investments over the last 12 months (1.04%).

RLJ Lodging Trust quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $314.28M over the same period.The EPS is expected to grow by 212.68% this year, but quarterly earnings will post 10.60% year-over-year. Quarterly sales are estimated to grow 4.00% in year-over-year returns.

RLJ Lodging Trust (RLJ) Top Institutional Holders

314 institutions hold shares in RLJ Lodging Trust (RLJ), with institutional investors hold 99.32% of the company’s shares. The shares outstanding are 162.00M, and float is at 151.63M with Short Float at 6.72%. Institutions hold 96.49% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 24.55 million shares valued at $252.08 million. The investor’s holdings represent 15.59% of the RLJ Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 19.43 million shares valued at $199.59 million to account for 12.34% of the shares outstanding. The other top investors are FMR, LLC which holds 14.52 million shares representing 9.22% and valued at over $149.09 million, while State Street Corporation holds 5.03% of the shares totaling 7.92 million with a market value of $81.38 million.

RLJ Lodging Trust (RLJ) Insider Activity

A total of 2 insider transactions have happened at RLJ Lodging Trust (RLJ) in the last six months, with sales accounting for 2 and purchases happening 0 times. The most recent transaction is an insider sale by Collins Arthur Reginald,the company’sDirector. SEC filings show that Collins Arthur Reginald sold 25,000 shares of the company’s common stock on Dec 22 at a price of $11.92 per share for a total of $0.3 million. Following the sale, the insider now owns 30758.0 shares.

RLJ Lodging Trust disclosed in a document filed with the SEC on Nov 10 that DAVIS NATHANIEL A (Director) sold a total of 39,594 shares of the company’s common stock. The trade occurred on Nov 10 and was made at $9.87 per share for $0.39 million. Following the transaction, the insider now directly holds 43423.0 shares of the RLJ stock.

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

The company’s main competitors (and peers) include Diamondrock Hospitality Co. (DRH) that is trading -1.48% down over the past 12 months. Pebblebrook Hotel Trust (PEB) that is -0.19% lower over the same period.