Currently, RLJ Lodging Trust [RLJ] is trading at $10.48, down -0.57%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The RLJ shares have lost -3.68% over the last week, with a monthly amount drifted -13.96%, and not seem to be holding up well over a long-time horizon.
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On 15, March 2023, RLJ Lodging Trust Announces Dividends for First Quarter of 2023. In a post published today on Yahoo Finance, RLJ Lodging Trust (the “Company”) (NYSE: RLJ) announced in its Q4 2022 Earnings Release that its Board of Trustees had declared a quarterly cash dividend of $0.08 per common share of beneficial interest. The dividend is payable on April 17, 2023, to shareholders of record as of March 31, 2023.
From an analyst’s perspective:
RLJ Lodging Trust [NYSE: RLJ] stock has seen the most recent analyst activity on April 22, 2022, when Oppenheimer initiated its Outperform rating and assigned the stock a price target of $20. Previously, Robert W. Baird upgraded its rating to Outperform on January 14, 2022, and elevated its price target to $18. On April 14, 2021, upgrade upgraded it’s rating to Buy. Compass Point upgraded its rating to a Buy and increased its price target to $17 on March 01, 2021. Raymond James downgraded its rating to a Mkt Perform. In a note dated September 29, 2020, BofA Securities downgraded an Underperform rating on this stock and revised its target price from $11 to $9.50.
This stock has fluctuated between a low of $9.84 and a high of $14.78 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $14.67 within the next 12 months. RLJ Lodging Trust [NYSE: RLJ] shares were valued at $10.48 at the most recent close of the market. An investor can expect a potential return of 39.98% based on the average RLJ price forecast.
Analyzing the RLJ fundamentals
Recent quarter sales for RLJ Lodging Trust [NYSE:RLJ] were 302.19 billion which represents 26.90% growth. Gross Margin for this corporation currently stands at +14.86% with Operating Margin at +10.11%, Pretax Margin comes in at +3.66%, and Net Margin reading is +3.49%.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 10.26 points at the first support level, and at 10.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.66, and for the 2nd resistance point, it is at 10.83.
RLJ Lodging Trust [RLJ] reported earnings per share of $0.07 for its fiscal quarter that ended on 9/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.04/share, meaning a difference of $0.03 and a surprise factor of 75.00%. By comparison, the stated earnings for the previous quarter ended on 6/29/2022 were $0.16 per share as compared to estimates of $0.1 per share, a difference of $0.06 representing a surprise of 60.00%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 1.44, the price to book ratio is 0.84 and the P/E (TTM) ratio is 102.75.
Transactions by insiders
We now turn our attention to insider trading, which in the past 3 months has resulted in 5 insider buyings of 424,798 shares and 10 insider sellings of 72,720 shares. Recent insider trading involved Gibson Patricia L, Director, that happened on Sep 23 when 5000.0 shares were purchased. Director, DAVIS NATHANIEL A completed a deal on Mar 18 to sell 40000.0 shares.