RLJ Lodging Trust Stock Forecast, Price & News NYSE:RLJ

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• The Company’s portfolio currently consists of 96 hotels with approximately 21,200 rooms, located in 23 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.
• The consensus among Wall Street equities research analysts is that investors should “moderate buy” RLJ shares.
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REIT Simulation

The company’s stock has been forecasted to trade at an average price of $13.79 over the course of the next 52 weeks, with a low of $10.50 and a high of $18.00. Based on these price targets, the low is -0.67% off current price, whereas the price has to move -72.58% to reach the yearly target high. Additionally, analysts’ median price of $14.00 is likely to be welcomed by investors because it represents a decrease of -34.23% from the current levels. REITNotes uses the REIT’s Funds From Operation (FFO) per diluted share informed in the REIT’s Quarterly Earning Reports and its announced dividend per diluted share.

They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. 4 brokers have issued 1 year price objectives for RLJ Lodging Trust’s shares.

S&P Futures

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• FFO is a non-GAAP measure recognized by the SEC and provided by the REITs as a supplemental measure of their operating performance.
• Additionally, analysts’ median price of $14.00 is likely to be welcomed by investors because it represents a decrease of -34.23% from the current levels.
• RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust focused on acquiring premium-branded, focused-service and compact full-service hotels.
• According to the data, the short interest in RLJ Lodging Trust (RLJ) stood at 7.42% of shares outstanding as of Jun 14, 2023; the number of short shares registered in May 14, 2023 reached 8.93 million.
• Data indicates that the EPS growth is expected to be 240.00% in 2024, while the next year’s EPS growth is forecast to be 38.20%.

On average, they predict the company’s share price to reach $14.60 in the next twelve months. This suggests a possible upside of 45.0% from the stock’s current price. View analysts price targets for RLJ or view top-rated stocks among Wall Street analysts. Nearly 0.20% of RLJ Lodging Trust’s shares belong to company insiders and institutional investors own 95.70% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 11.81 million shares as on Jun 14, 2023, resulting in a short ratio of 6.49. According to the data, the short interest in RLJ Lodging Trust (RLJ) stood at 7.42% of shares outstanding as of Jun 14, 2023; the number of short shares registered in May 14, 2023 reached 8.93 million.

MarketWatch

However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 100% Sell. RLJ Lodging Trust issued an update on its second quarter 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share (EPS) guidance of $0.51-$0.57 for the period, compared to the consensus https://trading-market.org/technical-analysis/ estimate of $0.32. A comparison of RLJ Lodging Trust (RLJ) with its peers suggests the former has fared considerably weaker in the market. RLJ showed an intraday change of 1.26% in last session, and over the past year, it shrunk by -3.92%%. In comparison, DiamondRock Hospitality Company (DRH) has moved higher at 0.62% on the day and was up 1.12% over the past 12 months.

There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should “moderate buy” RLJ shares. Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that RLJ’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average.

Price Target and Rating

Referring to stock’s 52-week performance, its high was $13.47, and the low was $9.27. Furthermore, the report provides a roadmap for the future, including setting a target to reduce overall carbon emissions by 35% by 2030. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements.

Below are the FFO amounts, dividends, and payout ratios for the last two quarters for RLJ. RLJ Lodging Trust’s stock is owned by a number of retail and institutional investors. Top institutional shareholders include Nordea Investment Management AB (0.20%) and BTC Capital Management Inc. (0.02%). Insiders that own company stock include Nathaniel A Davis and Patricia L Gibson.

Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive. RLJ’s beta can be found in Trading Information at the top of this page. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.