RLJ Lodging Trust (RLJ) stock price forecast predicts $10 value

A share price of RLJ Lodging Trust [RLJ] is currently trading at $10.12, up 0.90%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The RLJ shares have lost -3.53% over the last week, with a monthly amount glided 5.53%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

RLJ Lodging Trust [NYSE: RLJ] stock has seen the most recent analyst activity on September 26, 2024, when Wolfe Research downgraded its rating to a Peer Perform. Previously, Wells Fargo downgraded its rating to Underweight on September 13, 2024, and dropped its price target to $9. On August 05, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $10 on the stock. Wolfe Research started tracking the stock assigning a Outperform rating and suggested a price target of $15 on January 10, 2024. Oppenheimer upgraded its rating to a Outperform but $13 remained the price target by the analyst firm on November 28, 2023. Oppenheimer downgraded its rating to Perform for this stock on July 20, 2023. In a note dated April 22, 2022, Oppenheimer initiated an Outperform rating and provided a target price of $20 on this stock.

RLJ Lodging Trust experienced fluctuations in its stock price throughout the past year between $8.74 and $12.39. Currently, Wall Street analysts expect the stock to reach $10 within the next 12 months. RLJ Lodging Trust [NYSE: RLJ] shares were valued at $10.12 at the most recent close of the market. An investor can expect a potential drop of -1.19% based on the average RLJ price forecast.

Analyzing the RLJ fundamentals

Trailing Twelve Months sales for RLJ Lodging Trust [NYSE:RLJ] were 1.36B which represents 3.39% growth. Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.03 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.96.

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 10.01 points at the first support level, and at 9.89 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.27, and for the 2nd resistance point, it is at 10.41.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 1.15, the price to book ratio is 0.80 and price to earnings (TTM) ratio is 34.97.

Transactions by insiders

Recent insider trading involved Collins Arthur Reginald, Director, that happened on Dec 22 ’23 when 25000.0 shares were sold.

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