RLJ Lodging Trust's (RLJ) Hold (C-) Rating Reaffirmed at Weiss Ratings

RLJ Lodging Trust (NYSE:RLJ - Get Free Report)'s stock had its "hold (c-)" rating reissued by stock analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

RLJ has been the topic of several other research reports. Wells Fargo & Company upgraded shares of RLJ Lodging Trust to a "strong sell" rating in a report on Friday, October 3rd. Robert W. Baird restated a "neutral" rating and set a $7.50 target price (down previously from $9.00) on shares of RLJ Lodging Trust in a report on Friday, October 3rd. Baird R W cut shares of RLJ Lodging Trust from a "strong-buy" rating to a "hold" rating in a report on Friday, October 3rd. Truist Financial boosted their target price on shares of RLJ Lodging Trust from $7.00 to $8.00 and gave the company a "hold" rating in a report on Friday, September 5th. Finally, Zacks Research upgraded shares of RLJ Lodging Trust from a "strong sell" rating to a "hold" rating in a report on Tuesday, September 9th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $9.10.

RLJ Lodging Trust Stock Performance

NYSE:RLJ opened at $6.95 on Wednesday. The stock has a market cap of $1.05 billion, a P/E ratio of 33.10 and a beta of 1.49. The firm's fifty day simple moving average is $7.44 and its 200 day simple moving average is $7.39. RLJ Lodging Trust has a twelve month low of $6.16 and a twelve month high of $10.84. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 1.19.

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 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.02. The business had revenue of $363.10 million for the quarter, compared to analysts' expectations of $365.30 million. RLJ Lodging Trust had a net margin of 4.23% and a return on equity of 3.03%. The firm's revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.51 earnings per share. RLJ Lodging Trust has set its FY 2025 guidance at 1.380-1.580 EPS. As a group, research analysts predict that RLJ Lodging Trust will post 1.37 EPS for the current year.

Hedge Funds Weigh In On RLJ Lodging Trust

Large investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of RLJ Lodging Trust by 5.4% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 101,739 shares of the real estate investment trust's stock worth $803,000 after purchasing an additional 5,209 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of RLJ Lodging Trust in the 1st quarter worth about $551,000. KBC Group NV purchased a new position in shares of RLJ Lodging Trust in the 1st quarter worth about $27,000. Asset Management One Co. Ltd. raised its position in shares of RLJ Lodging Trust by 0.8% in the 1st quarter. Asset Management One Co. Ltd. now owns 222,411 shares of the real estate investment trust's stock worth $1,755,000 after purchasing an additional 1,762 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of RLJ Lodging Trust by 2,455.6% in the 1st quarter. Victory Capital Management Inc. now owns 469,769 shares of the real estate investment trust's stock worth $3,706,000 after purchasing an additional 451,387 shares during the last quarter. Hedge funds and other institutional investors own 92.35% 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 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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