RLJ Lodging Trust
About: RLJ Lodging Trust is a real estate investment trust that acquires focused-service and compact full-service hotels. Its portfolio consists of hotels in various states across the United States and the District of Columbia. Its hotels are under the Marriott, Hilton, and Hyatt brand names. These hotels are concentrated in urban areas, dense suburban markets, and business districts within metropolitan areas. Its revenue streams include hotel operations revenue, which is composed of the sale of rooms, food, and beverages, and other property revenue. The company derives the substantial majority of its revenue from the operation of hotels.
Employees: 79
0
Funds holding %
of 6,815 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
12% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 25
1% more funds holding
Funds holding: 200 [Q2] → 202 (+2) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]
2.4% less ownership
Funds ownership: 93.96% [Q2] → 91.57% (-2.4%) [Q3]
7% less capital invested
Capital invested by funds: $1.41B [Q2] → $1.31B (-$101M) [Q3]
20% less repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 80
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$10.50
7%
upside
Avg. target
$11.17
14%
upside
High target
$12
23%
upside
3 analyst ratings
2 positive
67%
0 neutral
0%
1 negative
33%
Wells Fargo Dori Kesten 38% 1-year accuracy 10 / 26 met price target | 7%upside $10.50 | Underweight Maintained | 9 Dec 2024 |
Oppenheimer Tyler Batory 16% 1-year accuracy 6 / 37 met price target | 23%upside $12 | Outperform Maintained | 12 Nov 2024 |
Truist Securities Gregory Miller 67% 1-year accuracy 4 / 6 met price target | 13%upside $11 | Buy Maintained | 28 Oct 2024 |
Financial journalist opinion
Based on 5 articles about RLJ published over the past 30 days
Neutral
Business Wire
14 hours ago
RLJ Lodging Trust Announces Fourth Quarter and Full Year 2024 Earnings Release and Conference Call Dates
BETHESDA, Md.--(BUSINESS WIRE)--RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced it will report financial results for the fourth quarter and full year ended December 31, 2024, after the markets close on February 25, 2025. The Company will also host a conference call on February 26, 2025 at 10:00 a.m. (Eastern Time). The Company recommends that you dial in approximately 10 minutes before the call. The conference call can be accessed by dialing (877) 407-3982 or (201) 493-6780 for in.
Positive
Seeking Alpha
1 week ago
RLJ Lodging Trust: Preferred Shares Offer A Yield Close To 8%
RLJ Lodging Trust's preferred shares offer a 7.8% yield and are unlikely to be called due to the common stock trading below $10. The REIT's financials are strong, with AFFO covering preferred dividends by a wide margin, ensuring a safety cushion for investors. With $2B in common equity ranking junior to preferred shares, there's a significant buffer against potential losses.
Positive
Zacks Investment Research
2 weeks ago
What Makes RLJ Lodging (RLJ) a New Buy Stock
RLJ Lodging (RLJ) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Positive
Zacks Investment Research
2 weeks ago
RLJ vs. NHI: Which Stock Should Value Investors Buy Now?
Investors interested in stocks from the REIT and Equity Trust - Other sector have probably already heard of RLJ Lodging (RLJ) and National Health Investors (NHI). But which of these two stocks presents investors with the better value opportunity right now?
Positive
Zacks Investment Research
2 weeks ago
Are Investors Undervaluing RLJ Lodging Trust (RLJ) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Neutral
Business Wire
1 month ago
RLJ Lodging Trust Announces Dividends for Fourth Quarter of 2024
BETHESDA, Md.--(BUSINESS WIRE)--RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced that its Board of Trustees has declared a quarterly cash dividend of $0.15 per common share of beneficial interest. The dividend is payable on January 15, 2025, to shareholders of record as of December 31, 2024. The Board of Trustees also declared a quarterly cash dividend of $0.4875 on the Company's Series A Preferred Shares. The dividend is payable on January 31, 2025, to shareholders of record as of.
Neutral
Seeking Alpha
1 month ago
RLJ Lodging Vs Chatham Lodging: Which Is The Better REIT For 2025
RLJ Lodging Trust and Chatham Lodging Trust are REITs focused on hotels in the Sun Belt region. Operating performance at RLJ Lodging is marginally stronger although its sustainability is in doubt given reliance on occupancy growth. Both REITs are attractively valued on a market-implied cap rate basis, with RLJ's higher leverage and interest rate hedging making it more attractive on an AFFO multiple basis.
Positive
Seeking Alpha
1 month ago
November's 5 Dividend Growth Stocks With 4.91%+ Yields
Every month we screen for potential dividend growth opportunities, which can provide some new potential ideas that could otherwise slip by. While we look for more consistent dividend growers with relatively higher yields, we also include safety in terms of earnings stability or growth potential in the screening process. We look at five of those that screen the highest based on yield, and this month, we have two new names that haven't made the discussion portion before.
Neutral
Seeking Alpha
2 months ago
RLJ Lodging Trust (RLJ) Q3 2024 Earnings Call Transcript
RLJ Lodging Trust (NYSE:RLJ ) Q3 2024 Earnings Conference Call November 7, 2024 12:00 PM ET Company Participants Nikhil Bhalla - Senior Vice President Finance and Treasurer Leslie Hale - President and CEO Sean Mahoney - Executive Vice President and CFO Tom Bardenett - Chief Operating Officer Conference Call Participants Austin Wurschmidt - KeyBanc Capital Markets Michael Bellisario - Baird Jonathan Jenkins - Oppenheimer & Company Dori Kesten - Wells Fargo Chris Woronka - Deutsche Bank Gregory Miller - Truist Securities Floris van Dijkum - Compass Point Operator Welcome to the RLJ Lodging Trust Third Quarter 2024 Earnings Call. As a reminder, all participants are in listen-only mode and the conference is being recorded.
Positive
Zacks Investment Research
2 months ago
RLJ Lodging (RLJ) Reports Q3 Earnings: What Key Metrics Have to Say
The headline numbers for RLJ Lodging (RLJ) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
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