A Guide To The Risks Of Investing In RLJ Lodging Trust (RLJ)


RLJ Lodging Trust’s filing revealed that its Director Gibson Patricia L acquired Company’s shares for reported $52350.0 on Sep 23. In the deal valued at $10.47 per share,5,000 shares were bought. As a result of this transaction, Gibson Patricia L now holds 79,635 shares worth roughly $ 0.9 million.

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Then, DAVIS NATHANIEL A sold 40,000 shares, generating $576,000 in total proceeds. Upon selling the shares at $14.40, the Director now owns 62,674 shares.

Oppenheimer initiated its RLJ Lodging Trust [RLJ] rating to an Outperform in a research note published on Monday, April 22, 2022; the price target was $20. PT values the company’s stock at a premium of 43.6 to its Monday closing price. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who increased its forecast for the stock in mid January from “a Neutral” to “an Outperform”. Truist also remained covering RLJ and has increased its forecast on April 14, 2021 with a “Buy” recommendation from previously “Hold” rating. Compass Point revised its rating on March 01, 2021. It rated RLJ as “a Buy” which previously was an “a Neutral”.

Price Performance Review of RLJ

On Monday, RLJ Lodging Trust [NYSE:RLJ] saw its stock fall -0.97% to $11.28. On the same session, the stock had its day’s lowest price of $11.01, but rose to a high of $11.66. Over the last five days, the stock has lost -7.31%. RLJ Lodging Trust shares have fallen nearly -19.02% since the year began. Nevertheless, the stocks have fallen -27.32% over the past one year. While a 52-week high of $16.22 was reached on 02/18/22, a 52-week low of $9.84 was recorded on 09/29/22. SMA at 50 days reached $11.41, while 200 days put it at $12.70. A total of 1.17 million shares were traded, compared to the trading of 1.71 million shares in the previous session.

Levels Of Support And Resistance For RLJ Stock

The 24-hour chart illustrates a support level at 10.97, which if violated will result in even more drops to 10.67. On the upside, there is a resistance level at 11.62. A further resistance level may holdings at 11.97. The Relative Strength Index (RSI) on the 14-day chart is 46.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.71%. Stochastics %K at 26.13% indicates the stock is a holding.

How much short interest is there in RLJ Lodging Trust?

A steep rise in short interest was recorded in RLJ Lodging Trust stocks on Jul 14, 2022, growing by 1.4 million shares to a total of 11.14 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 9.74 million shares. There was a rise of 12.57%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 11.58% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.24.

RLJ Lodging Trust [RLJ] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 23,983,902 shares, or roughly 14.74% of the outstanding RLJ shares. In other words, the investor’s shares have fallen by -609,965 from its previous 13-F filing of 24593867.0. Additionally, BlackRock Fund Advisors increased 0.63% of its stake after which the total value it holdings stand at $121,276,066, while FIAM LLC reduced -9.52% of its stake to hold $104.57 million in the firm. Over the last quarter, Fidelity Management & Research Co sold -4,654,325 shares of RLJ Lodging Trust, while SSgA Funds Management, Inc. sold 10,819 shares. At present, Goldman Sachs Asset Management LP is holding 7,140,994 shares valued at $72.27 million. H/2 Credit Manager LP owned 5,445,942 shares of the company at the time of its most recent 13F filing, worth $55.11 million.

According to FactSet, RLJ Lodging Trust’s share price will average $16.05 in the next year, based on opinions of analysts polled by the firm. This is up nearly 36.08 percent from its previous closing price of $11.39. Analysts expect RLJ Lodging Trust stock to reach the higher price of $21.00, while the lowest price estimate is $13.50. However, 11 analysts have rated RLJ stock as an Overweight in their predictions for 2022.


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