A share price of RLJ Lodging Trust [RLJ] is currently trading at $11.96, up 0.42%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The RLJ shares have gain 3.28% over the last week, with a monthly amount drifted -1.97%, and not seem to be holding up well over a long-time horizon.
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On 15, March 2024, RLJ Lodging Trust Announces Dividends for First Quarter of 2024. In a post published today on Yahoo Finance, RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced that its Board of Trustees has declared a quarterly cash dividend of $0.10 per common share of beneficial interest. The dividend is payable on April 15, 2024, to shareholders of record as of March 29, 2024.
From an analyst’s perspective:
RLJ Lodging Trust [NYSE: RLJ] stock has seen the most recent analyst activity on January 10, 2024, when Wolfe Research initiated its Outperform rating and assigned the stock a price target of $15. Previously, Oppenheimer upgraded its rating to Outperform on November 28, 2023, and kept the price target unchanged to $13. On July 20, 2023, downgrade downgraded it’s rating to Perform. Oppenheimer started tracking the stock assigning a Outperform rating and suggested a price target of $20 on April 22, 2022. Robert W. Baird upgraded its rating to a Outperform and raised its price target to $18 on January 14, 2022. Truist upgraded its rating to Buy for this stock on April 14, 2021. In a note dated March 01, 2021, Compass Point upgraded an Buy rating on this stock and boosted its target price from $14 to $17.
RLJ Lodging Trust experienced fluctuations in its stock price throughout the past year between $9.00 and $12.39. Currently, Wall Street analysts expect the stock to reach $16.17 within the next 12 months. RLJ Lodging Trust [NYSE: RLJ] shares were valued at $11.96 at the most recent close of the market. An investor can expect a potential return of 35.2% based on the average RLJ price forecast.
Analyzing the RLJ fundamentals
Trailing Twelve Months sales for RLJ Lodging Trust [NYSE:RLJ] were 1.33B which represents 5.80% growth. Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at 0.25%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.03 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.95.
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 11.82 points at the first support level, and at 11.67 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.05, and for the 2nd resistance point, it is at 12.13.
RLJ Lodging Trust [RLJ] reported earnings per share of $0.01 for its fiscal quarter that ended on 12/30/2023. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.06 per share as compared to estimates of $0.04 per share, a difference of $0.02 representing a surprise of 50.00%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 1.41, the price to book ratio is 0.94 and price to earnings (TTM) ratio is 37.32.
Transactions by insiders
Recent insider trading involved Collins Arthur Reginald, Director, that happened on Dec 22 ’23 when 25000.0 shares were sold. Director, DAVIS NATHANIEL A completed a deal on Nov 10 ’23 to sell 39594.0 shares.
