After Hours
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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
RLJ Lodging Trust is listed on the NYSE in the Real Estate sector while operating in the REIT – Hotel & Motel industry. At the end of the last regular session, the stock closed at $11.88 and fluctuated between $11.91 as its day high and $11.76 as its day low. The current market capitalization of RLJ Lodging Trust is $1.85B. A total of 2.62 million shares were traded on the day, compared to an average of 1.48M shares.
Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. 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
The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. RLJ Lodging Trust pays an annual dividend of $0.35, resulting in a dividend yield of 2.96%, and it has a price to earnings (P/E) ratio of 38.05. 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.
Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for RLJ in the last 3 months, the mean price target is $14.17 with high estimates of $18.00 and low estimates of $12.00. 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
As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. 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
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. 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.
