ValuEngine upgraded shares of RLJ Lodging Trust (NYSE:RLJ) from a hold rating to a buy rating in a report released on Friday.
Several other brokerages have also commented on RLJ. SunTrust Banks started coverage on RLJ Lodging Trust in a report on Thursday, October 19th. They issued a hold rating and a $22.00 price objective for the company. Barclays started coverage on RLJ Lodging Trust in a report on Friday, October 6th. They issued an equal weight rating and a $24.00 price objective for the company. Robert W. Baird set a $23.00 price target on RLJ Lodging Trust and gave the company a hold rating in a report on Sunday, October 29th. Zacks Investment Research raised RLJ Lodging Trust from a sell rating to a hold rating in a report on Thursday, August 17th. Finally, Royal Bank Of Canada reissued a buy rating and set a $25.00 price target on shares of RLJ Lodging Trust in a report on Friday, August 4th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. RLJ Lodging Trust presently has a consensus rating of Hold and an average target price of $24.00.
Shares of RLJ Lodging Trust (NYSE RLJ) traded down $0.10 on Friday, hitting $21.42. The company had a trading volume of 1,357,800 shares, compared to its average volume of 1,542,830. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.90. RLJ Lodging Trust has a one year low of $19.12 and a one year high of $25.10. The company has a market capitalization of $3,764.06, a price-to-earnings ratio of 8.82, a P/E/G ratio of 1.86 and a beta of 1.13.
RLJ Lodging Trust (NYSE:RLJ) last issued its quarterly earnings data on Wednesday, November 8th. The real estate investment trust reported $0.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.02. RLJ Lodging Trust had a return on equity of 5.80% and a net margin of 12.30%. The company had revenue of $341.26 million during the quarter, compared to analyst estimates of $347.74 million. During the same quarter in the previous year, the company posted $0.69 earnings per share. RLJ Lodging Trust’s revenue was up 15.2% compared to the same quarter last year. research analysts anticipate that RLJ Lodging Trust will post 2.31 earnings per share for the current fiscal year.
Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of RLJ Lodging Trust by 1.5% in the second quarter. Vanguard Group Inc. now owns 20,084,086 shares of the real estate investment trust’s stock worth $399,071,000 after acquiring an additional 300,010 shares during the period. BlackRock Inc. boosted its stake in shares of RLJ Lodging Trust by 7.5% in the second quarter. BlackRock Inc. now owns 12,256,164 shares of the real estate investment trust’s stock worth $243,529,000 after acquiring an additional 856,636 shares during the period. Lasalle Investment Management Securities LLC boosted its stake in shares of RLJ Lodging Trust by 6.6% in the second quarter. Lasalle Investment Management Securities LLC now owns 7,289,174 shares of the real estate investment trust’s stock worth $144,836,000 after acquiring an additional 451,443 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of RLJ Lodging Trust by 6.1% in the second quarter. JPMorgan Chase & Co. now owns 5,743,188 shares of the real estate investment trust’s stock worth $114,117,000 after acquiring an additional 331,184 shares during the period. Finally, State Street Corp boosted its stake in shares of RLJ Lodging Trust by 2.4% in the second quarter. State Street Corp now owns 4,831,260 shares of the real estate investment trust’s stock worth $96,267,000 after acquiring an additional 111,681 shares during the period. 95.22% of the stock is owned by institutional investors and hedge funds.
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RLJ Lodging Trust Company Profile
RLJ Lodging Trust is a self-administered real estate investment trust. The Company is engaged in the acquisition of focused-service and compact full-service hotels. As of December 31, 2016, the Company owned 122 hotels with approximately 20,100 rooms, located in 21 states and the District of Columbia, and an interest in one mortgage loan secured by a hotel.
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