RLJ Lodging Trust (NYSE: RLJ) on Tuesday, soared 1.06% from the previous trading day, before settling in for the closing price of $11.28. Within the past 52 weeks, RLJ’s price has moved between $9.00 and $12.39.
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Real Estate Sector giant saw their annual sales surged by 9.64% over the last five years. The company achieved an average annual earnings per share of -23.76%. With a float of $151.12 million, this company’s outstanding shares have now reached $155.30 million.
The firm has a total of 79 workers. Let’s measure their productivity.
RLJ Lodging Trust (RLJ) Insider Activity
Observing investor behavior towards REIT – Hotel & Motel industry stocks is more important than anything else. The insider ownership of RLJ Lodging Trust is 2.99%, while institutional ownership is 93.55%. The most recent insider transaction that took place on Dec 22 ’23, was worth 298,000. In this transaction Director of this company sold 25,000 shares at a rate of $11.92, taking the stock ownership to the 30,758 shares. Before that another transaction happened on Nov 10 ’23, when Company’s Director sold 39,594 for $9.87, making the entire transaction worth $390,793. This insider now owns 43,423 shares in total.
RLJ Lodging Trust (RLJ) Earnings and Forecasts
As on 12/31/2023, Multinational firm has announced its last quarter scores, in which it reported 0.03 earnings per share (EPS) for the period topping the consensus outlook (set at -0.01) by 0.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.22 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -23.76% per share during the next fiscal year.
RLJ Lodging Trust (NYSE: RLJ) Trading Performance Indicators
RLJ Lodging Trust (RLJ) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.34. Likewise, its price to free cash flow for the trailing twelve months is 9.72.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.32, a number that is poised to hit -0.01 in the next quarter and is forecasted to reach 0.32 in one year’s time.
Technical Analysis of RLJ Lodging Trust (RLJ)
Analysing the last 5-days average volume posted by the [RLJ Lodging Trust, RLJ], we can find that recorded value of 1.05 million was lower than the volume posted last year of 1.27 million. As of the previous 9 days, the stock’s Stochastic %D was 39.56%. Additionally, its Average True Range was 0.25.
During the past 100 days, RLJ Lodging Trust’s (RLJ) raw stochastic average was set at 48.44%, which indicates a significant decrease from 48.70% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.24% in the past 14 days, which was higher than the 22.46% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.73, while its 200-day Moving Average is $10.77. Now, the first resistance to watch is $11.50. This is followed by the second major resistance level at $11.61. The third major resistance level sits at $11.73. If the price goes on to break the first support level at $11.27, it is likely to go to the next support level at $11.15. Should the price break the second support level, the third support level stands at $11.04.
RLJ Lodging Trust (NYSE: RLJ) Key Stats
Market capitalization of the company is 1.78 billion based on 155,681K outstanding shares. Right now, sales total 1,326 M and income totals 76,410 K. The company made 319,710 K in profit during its latest quarter, and 7,930 K in sales during its previous quarter.
