RLJ Lodging Trust (NYSE:RLJ) has received a consensus recommendation of "Hold" from the ten analysts that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $10.93.
Several research analysts have issued reports on RLJ shares. Capital One Financial upgraded RLJ Lodging Trust from an "equal weight" rating to an "overweight" rating and set a $11.50 price target on the stock in a report on Monday, June 29th. Zacks Investment Research lowered RLJ Lodging Trust from a "hold" rating to a "sell" rating in a report on Wednesday, July 29th. ValuEngine upgraded RLJ Lodging Trust from a "hold" rating to a "buy" rating in a report on Tuesday, August 4th. SunTrust Banks upgraded RLJ Lodging Trust from a "sell" rating to a "hold" rating and increased their price target for the stock from $7.00 to $8.00 in a report on Friday, July 24th. Finally, Wells Fargo & Company cut their price target on RLJ Lodging Trust from $15.00 to $9.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 22nd.
Shares of RLJ Lodging Trust stock opened at $10.20 on Wednesday. RLJ Lodging Trust has a one year low of $3.88 and a one year high of $18.17. The company has a debt-to-equity ratio of 1.01, a current ratio of 5.32 and a quick ratio of 5.32. The stock's 50-day moving average is $9.21 and its 200 day moving average is $9.17. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of -16.19 and a beta of 1.79.
RLJ Lodging Trust (NYSE:RLJ) last announced its earnings results on Thursday, August 6th. The real estate investment trust reported ($0.74) EPS for the quarter, missing the consensus estimate of ($0.71) by ($0.03). The business had revenue of $32.59 million for the quarter, compared to the consensus estimate of $37.69 million. RLJ Lodging Trust had a negative net margin of 7.60% and a negative return on equity of 2.80%. The firm's revenue for the quarter was down 92.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.69 EPS. On average, sell-side analysts expect that RLJ Lodging Trust will post -0.9 EPS for the current fiscal year.
Several hedge funds have recently bought and sold shares of RLJ. First Trust Advisors LP lifted its holdings in shares of RLJ Lodging Trust by 38.7% in the first quarter. First Trust Advisors LP now owns 197,863 shares of the real estate investment trust's stock valued at $3,476,000 after purchasing an additional 55,224 shares in the last quarter. Amundi Pioneer Asset Management Inc. increased its position in shares of RLJ Lodging Trust by 125.8% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 204,215 shares of the real estate investment trust's stock valued at $3,589,000 after acquiring an additional 113,786 shares during the last quarter. Aperio Group LLC increased its position in shares of RLJ Lodging Trust by 837.7% during the first quarter. Aperio Group LLC now owns 153,016 shares of the real estate investment trust's stock valued at $1,181,000 after acquiring an additional 136,697 shares during the last quarter. Arizona State Retirement System purchased a new stake in shares of RLJ Lodging Trust during the first quarter valued at approximately $309,000. Finally, Rhumbline Advisers increased its position in shares of RLJ Lodging Trust by 13.8% during the first quarter. Rhumbline Advisers now owns 375,227 shares of the real estate investment trust's stock valued at $2,897,000 after acquiring an additional 45,581 shares during the last quarter. Institutional investors own 91.98% of the company's stock.
RLJ Lodging Trust Company Profile
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 150 hotels with approximately 28,600 rooms, located in 25 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.
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