Shares of RLJ Lodging Trust (NYSE:RLJ) have received a consensus recommendation of “Hold” from the eleven analysts that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $22.83.
Several research analysts recently commented on RLJ shares. Zacks Investment Research upgraded shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating in a report on Saturday, December 1st. ValuEngine cut shares of RLJ Lodging Trust from a “hold” rating to a “sell” rating in a report on Wednesday, August 8th. Wells Fargo & Co restated a “hold” rating on shares of RLJ Lodging Trust in a report on Wednesday, November 14th. TheStreet upgraded shares of RLJ Lodging Trust from a “c+” rating to a “b-” rating in a report on Tuesday, September 25th. Finally, Robert W. Baird upgraded shares of RLJ Lodging Trust from a “neutral” rating to an “outperform” rating in a report on Friday, September 21st.
Shares of RLJ opened at $19.84 on Thursday. RLJ Lodging Trust has a 12 month low of $18.67 and a 12 month high of $23.97. The firm has a market cap of $3.56 billion, a P/E ratio of 8.27, a price-to-earnings-growth ratio of 1.87 and a beta of 1.18. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 0.72.
RLJ Lodging Trust (NYSE:RLJ) last announced its earnings results on Tuesday, November 6th. The real estate investment trust reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.17). RLJ Lodging Trust had a return on equity of 5.34% and a net margin of 9.23%. The business had revenue of $447.00 million for the quarter, compared to analyst estimates of $450.68 million. During the same quarter in the previous year, the company posted $0.61 EPS. The business’s revenue for the quarter was up 31.0% compared to the same quarter last year. As a group, equities research analysts predict that RLJ Lodging Trust will post 2.2 EPS for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Paradigm Asset Management Co. LLC bought a new stake in RLJ Lodging Trust during the third quarter worth $106,000. NN Investment Partners Holdings N.V. bought a new position in shares of RLJ Lodging Trust in the third quarter valued at about $198,000. Panagora Asset Management Inc. raised its position in shares of RLJ Lodging Trust by 56.8% in the third quarter. Panagora Asset Management Inc. now owns 9,472 shares of the real estate investment trust’s stock valued at $209,000 after purchasing an additional 3,431 shares during the period. Truvestments Capital LLC bought a new position in shares of RLJ Lodging Trust in the second quarter valued at about $235,000. Finally, Tower Research Capital LLC TRC raised its position in shares of RLJ Lodging Trust by 115.3% in the second quarter. Tower Research Capital LLC TRC now owns 12,056 shares of the real estate investment trust’s stock valued at $266,000 after purchasing an additional 6,456 shares during the period.
About RLJ Lodging Trust
RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust that owns primarily premium-branded, high-margin, focused-service and compact full-service hotels. The Company's portfolio consists of 154 hotels with approximately 30,000 rooms located in 26 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.
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