RLJ Lodging Trust (NYSE:RLJ) shares, rose in value, with the stock price up by 0.09% to the previous day’s close as strong demand from buyers drove the stock to $11.11.
Actively observing the price movement in the last trading, the stock closed the session at $11.10. The PE ratio was 34.66 over 12-month period. Referring to stock’s 52-week performance, its high was $12.39, and the low was $9.00. On the whole, RLJ has fluctuated by -5.37% over the past month.
The company’s Forward Dividend Ratio is 0.38, with its dividend yield at 3.42%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.38B, with a low estimate of 316.6M and a high estimate of 325.96M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 322.76M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that RLJ’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of RLJ currently trading nearly -3.25% and -5.20% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 39.84, while the 7-day volatility ratio is showing 1.97% which for the 30-day chart, stands at 2.09%. Furthermore, RLJ Lodging Trust (RLJ)’s beta value is 1.69, and its average true range (ATR) is 0.25.
A comparison of RLJ Lodging Trust (RLJ) with its peers suggests the former has fared considerably weaker in the market. RLJ showed an intraday change of 0.09% in last session, and over the past year, it grew by 14.38%%.
Data on historical trading for RLJ Lodging Trust (NYSE:RLJ) indicates that the trading volumes over the past 3 months, they’ve averaged 1.24 million. According to company’s latest data on outstanding shares, there are 155.30 million shares outstanding.
Nearly 2.99% of RLJ Lodging Trust’s shares belong to company insiders and institutional investors own 93.49% of the company’s shares. The stock has fallen by -5.20% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RLJ stock heading into the next quarter.
