RLJ Lodging Trust (NYSE:RLJ) Rating Increased to Hold at Zacks Research

Key Points

• RLJ Lodging Trust has been upgraded by Zacks Research from a "strong sell" rating to a "hold" rating, reflecting a shift in analyst sentiment.
• The company recently reported $0.48 EPS for the quarter, exceeding expectations and setting its FY 2025 guidance between 1.380-1.580 EPS.
• Current consensus ratings show two analysts with a Buy rating, three with a Hold rating, and one with a Sell rating, with an average target price of $9.50.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) was upgraded by Zacks Research from a "strong sell" rating to a "hold" rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

RLJ has been the topic of several other research reports. Wall Street Zen lowered shares of RLJ Lodging Trust from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Truist Financial lifted their target price on shares of RLJ Lodging Trust from $7.00 to $8.00 and gave the company a "hold" rating in a research report on Friday, September 5th. Finally, Wells Fargo & Company lifted their target price on shares of RLJ Lodging Trust from $6.00 to $7.00 and gave the company an "underweight" rating in a research report on Tuesday, July 1st. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $9.50.

RLJ Lodging Trust Stock Down 0.1%

RLJ stock opened at $7.61 on Tuesday. The firm has a market cap of $1.15 billion, a PE ratio of 36.22 and a beta of 1.50. The company has a debt-to-equity ratio of 1.19, a quick ratio of 2.48 and a current ratio of 2.48. The firm's fifty day moving average is $7.55 and its 200 day moving average is $7.62. RLJ Lodging Trust has a one year low of $6.16 and a one year high of $10.84.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The real estate investment trust reported $0.48 EPS for the quarter, beating the consensus estimate of $0.46 by $0.02. RLJ Lodging Trust had a net margin of 4.23% and a return on equity of 3.03%. The company had revenue of $363.10 million for the quarter, compared to analyst estimates of $365.30 million. During the same quarter last year, the business earned $0.51 earnings per share. The firm's revenue was down 1.7% on a year-over-year basis. RLJ Lodging Trust has set its FY 2025 guidance at 1.380-1.580 EPS. On average, research analysts forecast that RLJ Lodging Trust will post 1.37 EPS for the current year.

Hedge Funds Weigh In On RLJ Lodging Trust

A number of institutional investors and hedge funds have recently bought and sold shares of RLJ. Woodline Partners LP boosted its position in RLJ Lodging Trust by 192.4% during the first quarter. Woodline Partners LP now owns 2,782,181 shares of the real estate investment trust's stock worth $21,951,000 after acquiring an additional 1,830,803 shares during the last quarter. Donald Smith & CO. Inc. boosted its position in RLJ Lodging Trust by 28.3% during the second quarter. Donald Smith & CO. Inc. now owns 7,423,055 shares of the real estate investment trust's stock worth $54,040,000 after acquiring an additional 1,637,942 shares during the last quarter. Ameriprise Financial Inc. boosted its position in RLJ Lodging Trust by 286.2% during the second quarter. Ameriprise Financial Inc. now owns 1,618,413 shares of the real estate investment trust's stock worth $11,783,000 after acquiring an additional 1,199,318 shares during the last quarter. AQR Capital Management LLC boosted its position in RLJ Lodging Trust by 179.5% during the second quarter. AQR Capital Management LLC now owns 1,434,974 shares of the real estate investment trust's stock worth $10,447,000 after acquiring an additional 921,548 shares during the last quarter. Finally, LSV Asset Management boosted its position in RLJ Lodging Trust by 42.2% during the second quarter. LSV Asset Management now owns 2,363,749 shares of the real estate investment trust's stock worth $17,208,000 after acquiring an additional 701,535 shares during the last quarter. 92.35% of the stock is currently owned by institutional investors and hedge funds.

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 currently consists of 96 hotels with approximately 21,200 rooms, located in 23 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.

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