RLJ Lodging Trust (NYSE:RLJ) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Thursday, January 4th.
According to Zacks, “RLJ Lodging Trust is a REIT focused on investing primarily in premium-branded, focused-service, and compact full-service hotels. It plans to own hotels concentrated in urban and dense suburban markets. “
A number of other equities analysts also recently commented on the stock. Deutsche Bank started coverage on shares of RLJ Lodging Trust in a research report on Tuesday, September 19th. They set a “hold” rating and a $22.00 price objective for the company. SunTrust Banks initiated coverage on shares of RLJ Lodging Trust in a research note on Thursday, October 19th. They set a “hold” rating and a $22.00 price target on the stock. Canaccord Genuity raised shares of RLJ Lodging Trust from a “hold” rating to a “buy” rating and upped their price target for the stock from $21.00 to $23.00 in a research note on Friday, September 8th. Barclays initiated coverage on shares of RLJ Lodging Trust in a research note on Friday, October 6th. They set an “equal weight” rating and a $24.00 price target on the stock. Finally, KeyCorp raised shares of RLJ Lodging Trust from a “sector weight” rating to an “overweight” rating and set a $25.00 price target on the stock in a research note on Tuesday, December 19th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $23.36.
Shares of RLJ Lodging Trust (RLJ) opened at $23.15 on Thursday. RLJ Lodging Trust has a 12-month low of $19.12 and a 12-month high of $23.98. The company has a market cap of $4,089.40, a price-to-earnings ratio of 9.58, a P/E/G ratio of 1.96 and a beta of 1.13. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.06 and a quick ratio of 2.06.
RLJ Lodging Trust (NYSE:RLJ) last announced its quarterly earnings data on Wednesday, November 8th. The real estate investment trust reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.02. The company had revenue of $341.26 million during the quarter, compared to the consensus estimate of $347.74 million. RLJ Lodging Trust had a net margin of 12.30% and a return on equity of 5.80%. RLJ Lodging Trust’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.69 EPS. equities analysts forecast that RLJ Lodging Trust will post 2.25 earnings per share for the current year.
A number of large investors have recently added to or reduced their stakes in the business. Real Estate Management Services LLC lifted its holdings in RLJ Lodging Trust by 9.5% in the 4th quarter. Real Estate Management Services LLC now owns 1,116,392 shares of the real estate investment trust’s stock valued at $24,527,000 after purchasing an additional 96,829 shares in the last quarter. Deprince Race & Zollo Inc. lifted its holdings in RLJ Lodging Trust by 4.3% in the 4th quarter. Deprince Race & Zollo Inc. now owns 1,252,042 shares of the real estate investment trust’s stock valued at $27,507,000 after purchasing an additional 52,052 shares in the last quarter. Lourd Capital LLC purchased a new position in RLJ Lodging Trust in the 4th quarter valued at about $268,000. Sumitomo Mitsui Asset Management Company LTD lifted its holdings in shares of RLJ Lodging Trust by 29.2% during the 4th quarter. Sumitomo Mitsui Asset Management Company LTD now owns 633,531 shares of the real estate investment trust’s stock worth $13,918,000 after acquiring an additional 143,003 shares during the period. Finally, Strs Ohio lifted its holdings in shares of RLJ Lodging Trust by 2.4% during the 4th quarter. Strs Ohio now owns 268,109 shares of the real estate investment trust’s stock worth $5,890,000 after acquiring an additional 6,309 shares during the period. Institutional investors own 95.24% of the company’s stock.
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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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