RLJ Lodging Trust (NYSE:RLJ) saw an upside of 1.24% to $9.79 after adding $0.12 on Wednesday. The 5-day average trading volume is 1,595,683 shares of the company’s common stock. It has gained $9.94 in the past week and touched a new high 2 times within the past 5 days. An average of 2,044,266 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,970,970.
RLJ’s 1-month performance is -1.31% or $0.16 on its low of $9.59 reached on 09/26/23. The company’s shares have touched a 52-week low of $9.27 and high of $12.92, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, RLJ has lost -7.55% or -$0.86 and has reached a new high 15 times. However, the current price is down -24.23% from the 52-week high price.
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Valuation Metrics
RLJ stock has a beta of 1.71. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.19 while the price-to-book (PB) in the most recent quarter is 0.76, with the price to cash flow ratio at 13.23.
As well, the company’s long term debt to equity for the quarter ending June 29 was 0.98, while the total debt to equity was 0.98. In terms of profitability, the gross margin trailing 12 months is 16.42%. The firm’s gross profit as reported stood at $121.4 million against revenue of $1.19 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 24.0% to $35.12 million, while revenue of $4.37 million was 87.56% off the previous quarter. Analysts expected RLJ to announce $0.2 per share in earnings in its latest quarter, but it posted $0.22, representing a 10.00% surprise. EBITDA for the quarter stood at more than $114.46 million. Shareholders hold equity totaling $157.48 million.
Let’s look briefly at RLJ Lodging Trust (RLJ) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 26 September was 44.06% to suggest the stock is trending Neutral, with historical volatility in this time period at 21.66%.
The stock’s 5-day moving average is $9.72, reflecting a -1.17% or -$0.12 change from its current price. RLJ is currently trading -4.47% above its 20-day SMA, -4.93% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -4.28% and SMA200 by-15.79%.
Stochastic %K and %D was 23.92% and 21.90% and the average true range (ATR) pointed at 0.23. The RSI (14) points at 45.24%, while the 14-day stochastic is at 23.39% with the period’s ATR at 0.23. The stock’s 9-day MACD Oscillator is pointing at -0.07 and -0.13 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for RLJ Lodging Trust (NYSE: RLJ), Oppenheimer downgraded it to a Perform rating. They previously had an Outperform rating on the stock.
