The RLJ Lodging Trust (NYSE:RLJ) is going down by -0.78% in today’s trading session, a fall equivalent to -0.14% of the stock’s price from yesterday’s market close. A news came out on 11/07/19 stating that RLJ Lodging Trust Reports Third Quarter 2019 Results by WSJ. The lowest point that the shares touched during the trading session was $16.87, while the peak of the day was recorded at a share price of $17.28. RLJ finished the previous session at $17.23 according to the data provided by Barchart, while the trading volume was observed to be $458945.
In the 100 days of trading, RLJ managed to top a 16.83% Moving average. Additionally, RLJ Lodging Trust shares have achieved a 52-week range between 15.65 and 20.59 alongside 100 days raw stochastic set at 67.19%.
The number of shares outstanding, according to the fundamentals of the company, is set at 171.34M, equal to the value of $2.95B in market capitalization. In the last 30 days, RLJ Lodging Trust shares went down by -3.27%, adding 17.72 to growth in value, on top of a +6.56% boost since 10/29/19.
RLJ Lodging Trust (NYSE:RLJ) Analyst’s Estimates
RLJ Lodging Trust (RLJ) could record at least $0.08 per share in quarterly earnings in the upcoming report on 02/25/2020, a number that would actually represent an increase of 0.43 YOY.
According to the average analyst rating, RLJ Lodging Trust would be rated as Overweight. Out of 11 different analysts monitoring RLJ stock, 5 analysts rate the stock as a BUY, 4 suggest to give the rating of HOLD, 1 indicate that RLJ is an OVERWEIGHT, 1 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.
On July 16, 2019, the stock earned a Downgrade rating due to a new analyst call from SunTrust, while analysts from CapitalOne believe that the stock is set at Equal Weight, as concluded on June 25, 2019. Wells Fargo, is still rather wary about the stock, deciding to keep the rating at Outperform as confirmed through a call on May 15, 2019.
Wells Fargo, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on August 08, 2018, giving the stock a Market Perform from the Outperform rating.
RLJ Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +17.62% has been attained, while the operating margin has been recorded at +8.75%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 2.95%. Beta value of the stock is recorded at 1.29. Additionally, RLJ Lodging Trust is recording price volatility of 1.95% for the period of the last seven days and 2.00% in the last 30 days.
RLJ Lodging Trust (NYSE:RLJ) Technical Outlook
For the period of the last 50 days, RLJ Lodging Trust had its Raw Stochastic average set at 64.53% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 64.53%. Stochastic %K for RLJ Lodging Trust, with the last 20 days included, was set at 68.40%, having Stochastic %D topping 62.35%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be encouraging for RLJ Lodging Trust stocks with recording 5.06% in metrics.
RLJ Lodging Trust Insider Watch:
Similarly, 100.97% of the company’s float is held by institutions – and there are 315 institutions in total holding shares of this company. The top three institutional holders of RLJ stocks are: Vanguard Group, Inc. (The) with ownership of $432.34 million, which is approximately 25446893 of the company’s shares; Blackrock Inc., holding 22656741 shares of the stock with an approximate value of $384.94 million; and Goldman Sachs Group, Inc., currently with more than 9656214 shares of the company valued at $164.06 million. Positions in RLJ Lodging Trust stocks held by institutional investors has been changing actively in the past six months, a period during which there were 3 insider purchases amounting to 20000 shares.