RLJ Lodging Trust (NYSE:RLJ - Get Free Report) had its price objective lifted by analysts at Wells Fargo & Company from $6.00 to $7.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an "underweight" rating on the real estate investment trust's stock. Wells Fargo & Company's price target points to a potential downside of 6.67% from the stock's current price.
Several other equities analysts have also recently weighed in on the stock. Oppenheimer dropped their price target on shares of RLJ Lodging Trust from $12.00 to $11.00 and set an "outperform" rating on the stock in a research report on Thursday, May 8th. Wall Street Zen lowered shares of RLJ Lodging Trust from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. KeyCorp decreased their price objective on shares of RLJ Lodging Trust from $14.00 to $12.00 and set an "overweight" rating for the company in a research note on Monday, March 24th. Finally, Truist Financial decreased their price objective on shares of RLJ Lodging Trust from $10.00 to $7.00 and set a "hold" rating for the company in a research note on Monday, June 9th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, RLJ Lodging Trust has an average rating of "Hold" and a consensus target price of $9.50.
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RLJ Lodging Trust Trading Up 3.0%
Shares of RLJ Lodging Trust stock traded up $0.22 during trading on Tuesday, hitting $7.50. The company's stock had a trading volume of 1,647,126 shares, compared to its average volume of 1,909,595. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.57 and a quick ratio of 2.57. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 28.85, a price-to-earnings-growth ratio of 2.32 and a beta of 1.47. The stock has a 50-day moving average price of $7.27 and a two-hundred day moving average price of $8.45. RLJ Lodging Trust has a 52 week low of $6.16 and a 52 week high of $10.84.
RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.31 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.01. The business had revenue of $328.12 million for the quarter, compared to analysts' expectations of $328.08 million. RLJ Lodging Trust had a net margin of 4.84% and a return on equity of 3.43%. The business's quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.33 earnings per share. Equities research analysts anticipate that RLJ Lodging Trust will post 1.37 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of RLJ. KBC Group NV bought a new position in RLJ Lodging Trust in the 1st quarter worth approximately $27,000. GF Fund Management CO. LTD. bought a new position in RLJ Lodging Trust in the 4th quarter worth approximately $29,000. Versant Capital Management Inc boosted its holdings in RLJ Lodging Trust by 402.7% in the 1st quarter. Versant Capital Management Inc now owns 3,675 shares of the real estate investment trust's stock worth $29,000 after buying an additional 2,944 shares during the period. US Bancorp DE boosted its holdings in RLJ Lodging Trust by 78.2% in the 4th quarter. US Bancorp DE now owns 3,230 shares of the real estate investment trust's stock worth $33,000 after buying an additional 1,417 shares during the period. Finally, Blueshift Asset Management LLC bought a new position in RLJ Lodging Trust in the 1st quarter worth approximately $82,000. 92.35% of the stock is owned by institutional investors.
About RLJ Lodging Trust
(
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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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