According to Fintel, Truist Securities reaffirmed its recommendation to buy RLJ Lodging Trust (NYSE:RLJ) on September 15, 2023.
The average one-year price target for RLJ Lodging Trust is $14.15, suggesting a potential upside of 43.97% from the current closing price of $9.83.
For RLJ Lodging Trust, the projected annual revenue is $1,381MM, a 6.87% increase. The projected annual non-GAAP EPS is $0.40.
Furthermore, the company recently declared a regular quarterly dividend of $0.10 per share, with a dividend yield of 4.07%.
Over the past five years, the average dividend yield for RLJ Lodging Trust has been 3.07%, with a lowest of 0.23% and a highest of 20.50%.
The current dividend yield is 0.30 standard deviations above the historical average. The company’s dividend payout ratio is 0.81, implying that it pays out 81% of its income as dividends.
There are 458 funds or institutions reporting positions in RLJ Lodging Trust, with an average portfolio weight of 0.17%.
The put/call ratio of RLJ is 1.25, indicating a bearish outlook.
In terms of shareholders, Goldman Sachs Group holds 7,285K shares (4.70% ownership), while Vanguard Real Estate Index Fund Investor Shares holds 7,123K shares (4.59% ownership). H and Jpmorgan Chase also have significant ownership stakes in RLJ Lodging Trust.
Overall, RLJ Lodging Trust is a publicly traded real estate investment trust that owns primarily premium-branded hotels.
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