RLJ Lodging Trust (NYSE: RLJ) is -9.21% lower on its value in year-to-date trading and has touched a low of $8.74 and a high of $12.37 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 $9.25 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $9.27, the stock is -2.06% and -4.92% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.68 million and changing 0.22% at the moment leaves the stock -3.43% off its SMA200. RLJ registered -23.62% loss for a year compared to 6-month gain of -1.38%.
The stock witnessed a -3.84% loss in the last 1 month and extending the period to 3 months gives it a -8.62%, and is -2.01% 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 3.15% over the week and 2.63% over the month.
RLJ Lodging Trust (RLJ) has around 73 employees, a market worth around $1.42B and $1.37B in sales. Current P/E ratio is 34.09 and Fwd P/E is 53.14. Profit margin for the company is 3.07%. Distance from 52-week low is 6.06% and -25.04% from its 52-week high. The company has generated returns on investments over the last 12 months (0.95%).
with sales reaching $325.04M over the same period.The EPS is expected to shrink by -32.42% this year, but quarterly earnings will post 0.76% year-over-year. Quarterly sales are estimated to grow 0.19% in year-over-year returns.
The shares outstanding are 153.30M, and float is at 147.71M with Short Float at 8.70%.
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.
