The RLJ Lodging Trust (NYSE: RLJ) trading price closed higher on Tuesday, November 02, closing at $ 15.16, 1.00% higher than its previous close.
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Traders who pay close attention to intraday price movements should be aware that they have fluctuated between $ 14.84 and $ 15.32. Looking at the 52-week price action, we see that the stock hit a 52-week high of $ 17.51 and a 52-week low of $ 8.08. Over the past month, the stock has gained 0.07% in value.
RLJ Lodging Trust, which has a market valuation of $ 2.53 billion at the time of this writing, is expected to release its quarterly earnings report from November 02, 2021 to November 08, 2021. The dividend yield on shares of the company is 0.26%, while its futures dividend ratio is 0.04. Investor optimism over the company’s current quarter earnings report is understandable. Analysts predicted that quarterly earnings per share would increase by $ -0.16 per share this quarter, but they predicted annual earnings per share of $ -1.12 for 2021 and $ 0.08 for 2022. That means that analysts expect annual growth in earnings per share of 57.10%. year and 107.10% next year.
Analysts predict the company will generate revenue of $ 225.31 million for the current quarter, with probable lows of $ 162.47 million and highs of $ 261.9 million. From an analyst perspective, the consensus estimate for the company’s annual revenue in 2021 is $ 775.2 million. The company’s revenue is expected to increase by 63.90% compared to what it did in 2021.
Reviews of a company’s earnings provide a brief indication of the direction of a short-term stock, where in the case of RLJ Lodging Trust 1, no upward and downward commentary has been posted to the during the last 7 days. Technically, indicators suggest that RLJ has a 50% buy on average in the short term. Based on data from the stock’s mid-term indicators, the stock is currently selling on average at 25%, while an average of the long-term indicators suggests that the stock is currently 50% buy.
Here is the average analyst rating for the stock represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting that the stock should be viewed as a strong buy or a strong sell, respectively. The number of analysts who gave RLJ a recommendation rating is 11. Of these, 5 give it an expectation, while 4 recommend buying, while 1 assigns an overweight rating. 1 analyst (s) marked RLJ Lodging Trust (RLJ) as underweight while 0 advise sell. Analysts rated the stock overweight, likely prompting investors to take the opportunity to increase their holdings in the company’s shares.
A quick look shows that RLJ’s price is currently 3.21% on the SMA20 and 3.94% on the SMA50. The RSI metric on the 14 day chart is currently showing 59.06 and the weekly volatility stands at 3.24%. Measured over the last 30 days, the indicator reached 3.03%. The beta value for RLJ Lodging Trust (NYSE: RLJ) is currently 2.00, while the Average True Range indicator is currently showing 0.46. With analysts setting between $ 16.00 and $ 21.00 as low and high price targets, we arrive at a consensus price target of $ 18.05 for the 12 month period. The current price is approximately -5.54% of the estimated low and -38.52% of the expected high, based on this estimate. Investors will be elated if the RLJ stock price rises to $ 17.75, which is the consensus median price. At this level, the RLJ share price would be -17.08% lower than the current price.
To see how the RLJ Lodging Trust stock has performed against its industry peers, here are the numbers: RLJ’s stock performance was 1.00% in the last session and 78.56% for the year. last, while DiamondRock Hospitality Company (DRH) traded 2.31% on the day and positioned 93.64% higher than it was a year ago. Another comparable company, Pebblebrook Hotel Trust (PEB), saw its stock close down -0.62% in the last trading session, but rose 93.38% in one year. Additionally, Sotherly Hotels Inc. (SOHO) posted a 2.16% increase on the day as its price continued to decline to 54.25% over the past year. RLJ Lodging Trust has a P / E ratio of 0. Also in the last trading session, the S&P 500 index jumped 0.37%, while the Dow Jones Industrial also had a positive session, up 0.39% on the day.
An estimate of the daily trading volume from RLJ Lodging Trust (NYSE: RLJ) indicates that the 3-month average is 956.82K. However, that figure has increased over the past 10 days to an average of 1.3 million.
Currently, records show that 164.00 million shares of the company remain outstanding. Insiders own 2.00% of the outstanding shares, while institutions hold 94.50%. The statistics also point out that the short-term interest on September 14, 2021 was 5.23 million shares, resulting in a short-term ratio of 7.31 at that time. From this we can conclude that the short term interest is 3.14% of the total outstanding shares of the company. Of note, short stocks in September were down slightly from the previous month’s figure of 5.68 million. However, given that the share price has reached 7.14% year-to-date, investor interest is likely to be rekindled due to its potential to rise even higher.