RLJ Lodging Trust (NYSE: RLJ) is -23.21% lower on its value in year-to-date trading and has touched a low of $8.79 and a high of $12.39 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The RLJ stock was last observed hovering at around $9.10 in the last trading session, with the day’s loss setting it -0.1%.
Currently trading at $9.00, the stock is -2.29% and -3.05% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.25 million and changing -1.10% at the moment leaves the stock -13.33% off its SMA200. RLJ registered -5.54% loss for a year compared to 6-month loss of -20.91%. The firm has a 50-day simple moving average (SMA 50) of $9.2832 and a 200-day simple moving average (SMA200) of $10.38475.
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The stock witnessed a -9.09% gain in the last 1 month and extending the period to 3 months gives it a -3.64%, and is -2.17% down 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 1.50% over the week and 2.09% over the month.
RLJ Lodging Trust (RLJ) has around 79 employees, a market worth around $1.39B and $1.35B in sales. Current P/E ratio is 34.43 and Fwd P/E is 50.20. Profit margin for the company is 3.01%. Distance from 52-week low is 2.39% and -27.36% from its 52-week high. The company has generated returns on investments over the last 12 months (0.87%).
The EPS is expected to shrink by -55.82% this year
311.0 institutions hold shares in RLJ Lodging Trust (RLJ), with institutional investors hold 96.82% of the company’s shares. The shares outstanding are 155.30M, and float is at 150.45M with Short Float at 7.09%. Institutions hold 94.14% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 25.33 million shares valued at $243.93 million. The investor’s holdings represent 16.5587 of the RLJ Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 21.87 million shares valued at $210.61 million to account for 14.2973 of the shares outstanding. The other top investors are GOLDMAN SACHS GROUP INC which holds 7.49 million shares representing 4.8956 and valued at over $72.12 million, while STATE STREET CORP holds 4.6133 of the shares totaling 7.06 million with a market value of $68.64 million.
RLJ Lodging Trust (RLJ) Insider Activity
The most recent transaction is an insider sale by Collins Arthur Reginald, the company’s Director. SEC filings show that Collins Arthur Reginald sold 25,000 shares of the company’s common stock on Dec 22 ’23 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 ’23 that DAVIS NATHANIEL A (Director) sold a total of 39,594 shares of the company’s common stock. The trade occurred on Nov 10 ’23 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.
