Compass Point slashes price target on RLJ Lodging Trust [RLJ] – find out why.

RLJ Lodging Trust [NYSE: RLJ] jumped around 0.55 points on Thursday, while shares priced at $8.48 at the close of the session, up 6.94%. The company report on October 5, 2020 that RLJ Lodging Trust Sets Dates for Third Quarter 2020 Earnings Release and Conference Call.

RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced it will report financial results for the third quarter ended September 30, 2020, after the markets close on November 4, 2020. The Company will also host a conference call on November 5, 2020, at 11:00 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 international participants and requesting RLJ Lodging Trust’s third quarter earnings conference call.

RLJ Lodging Trust stock is now -52.14% down from its year-to-date (YTD) trading value. RLJ Stock saw the intraday high of $8.56 and lowest of $7.75 per share. The company’s 52-week high price is 18.17, which means current price is +118.56% above from all time high which was touched on 01/02/20.

Compared to the average trading volume of 1.20M shares, RLJ reached a trading volume of 1148633 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about RLJ Lodging Trust [RLJ]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RLJ shares is $10.45 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RLJ stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Compass Point have made an estimate for RLJ Lodging Trust shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on October 05, 2020. While these analysts kept the previous recommendation, BofA Securities raised their target price from $11 to $9.50. The new note on the price target was released on September 29, 2020, representing the official price target for RLJ Lodging Trust stock.

The Average True Range (ATR) for RLJ Lodging Trust is set at 0.46, with the Price to Sales ratio for RLJ stock in the period of the last 12 months amounting to 1.37. The Price to Book ratio for the last quarter was 0.54, with the Price to Cash per share for the same quarter was set at 6.36.

How has RLJ stock performed recently?

RLJ Lodging Trust [RLJ] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.57. With this latest performance, RLJ shares dropped by -2.08% in over the last four-week period, additionally sinking by -1.85% over the last 6 months – not to mention a drop of -48.76% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RLJ stock in for the last two-week period is set at 46.33, with the RSI for the last a single of trading hit 47.15, and the three-weeks RSI is set at 46.73 for RLJ Lodging Trust [RLJ]. The present Moving Average for the last 50 days of trading for this stock 9.04, while it was recorded at 8.45 for the last single week of trading, and 10.05 for the last 200 days.

RLJ Lodging Trust [RLJ]: Deeper insight into the fundamentals

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Earnings analysis for RLJ Lodging Trust [RLJ]

With the latest financial reports released by the company, RLJ Lodging Trust posted 0.15/share EPS, while the average EPS was predicted by analysts to be reported at 0.12/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 25.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for RLJ. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for RLJ Lodging Trust go to -9.10%.

Insider trade positions for RLJ Lodging Trust [RLJ]

There are presently around $1,300 million, or 94.40% of RLJ stock, in the hands of institutional investors. The top three institutional holders of RLJ stocks are: VANGUARD GROUP INC with ownership of 23,656,168, which is approximately -5.972% of the company’s market cap and around 1.50% of the total institutional ownership; FMR LLC, holding 21,306,925 shares of the stock with an approximate value of $180.68 million in RLJ stocks shares; and BLACKROCK INC., currently with $171.69 million in RLJ stock with ownership of nearly -9.881% of the company’s market capitalization.

96 institutional holders increased their position in RLJ Lodging Trust [NYSE:RLJ] by around 27,799,377 shares. Additionally, 110 investors decreased positions by around 27,900,283 shares, while 26 investors held positions by with 97,578,306 shares. The mentioned changes placed institutional holdings at 153,277,966 shares, according to the latest SEC report filing. RLJ stock had 34 new institutional investments in for a total of 3,285,387 shares, while 38 institutional investors sold positions of 7,811,988 shares during the same period.

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