After Hours
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. The stock was recently discussed on Yahoo Finance as it revealed that RLJ Lodging Trust’s Zachari Dunes on Mandalay Beach Hotel Named ‘Best New Hotel’ for 2023.
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Stocks Info
As a NYSE listed company, RLJ falls under the Real Estate sector while operating within the REIT – Hotel & Motel industry segment. At the end of the last regular session, the stock closed at $11.37 and fluctuated between $11.50 as its day high and $11.24 as its day low. The current market capitalization of RLJ Lodging Trust is $1.77B. A total of 1.22 million shares were traded on the day, compared to an average of 1.47M shares.
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, RLJ has seen 0 BUY and 2 SELL insider trades, representing the acquisition of 0 and the disposition of 64,594 shares. Over the last 12 months, there were 17 BUYs and 27 SELLs from insiders. Insiders purchased 662,157 shares during that period but sold 343,861.
In the most recent transaction, Collins Arthur Reginald sold 25,000 shares of RLJ for 11.92 per share on Dec 22. After the transaction, the Director now owns 30,758 company shares. In a previous transaction on Nov 10, DAVIS NATHANIEL A sold 39,594 shares at 9.87 per share. RLJ shares that Director owns now total 43,423.
Dividend
Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. RLJ Lodging Trust pays an annual dividend of $0.35, resulting in a dividend yield of 3.09%, and it has a price to earnings (P/E) ratio of 36.42. RLJ’s most recent ex-dividend date was 12/28/2023 when it declared a $0.10 quarterly dividend that was paid in cash on 1/16/2024. Previously, the company paid the dividend on 10/17/2023 with an ex-dividend date of 9/28/2023. The RLJ stock dividend was $0.10 per share in cash.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, RLJ has a high of $12.92 and a low of $9.06.
As of this writing, RLJ has an earnings estimate of -$0.01 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.01 per share and a lower estimate of -$0.02. The company reported an EPS of $0.22 in the last quarter, which was 10.00% higher than expectations of $0.2.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. RLJ’s latest balance sheet shows that the firm has $665.34M in Cash & Short Term Investments as of fiscal 2021. There were $2.53B in debt and $182.59M in liabilities at the time. Its Book Value Per Share was $12.83, while its Total Shareholder’s Equity was $2.41B.
Analysts Opinion
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for RLJ is Buy with a score of 4.00.
