According to Zacks, “RLJ Lodging Trust is a REIT focused on investing primarily in premium-branded, focused-service, and compact full-service hotels. It plans to own hotels concentrated in urban and dense suburban markets. “
A number of other equities research analysts have also recently issued reports on RLJ. Capital One Financial started coverage on RLJ Lodging Trust in a research note on Tuesday, June 25th. They issued an “equal weight” rating and a $21.00 price objective on the stock. Wells Fargo & Co upgraded RLJ Lodging Trust from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $18.00 to $20.00 in a research note on Wednesday, May 15th. Barclays set a $20.00 price objective on RLJ Lodging Trust and gave the company a “buy” rating in a research note on Monday, August 12th. Finally, SunTrust Banks cut RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, July 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $21.88.
Shares of RLJ Lodging Trust stock opened at $16.20 on Friday. RLJ Lodging Trust has a 52-week low of $15.65 and a 52-week high of $23.31. The stock’s 50-day simple moving average is $17.23 and its 200 day simple moving average is $18.02. The stock has a market capitalization of $2.72 billion, a P/E ratio of 7.17, a P/E/G ratio of 1.48 and a beta of 1.30. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.09 and a current ratio of 4.34.
RLJ Lodging Trust (NYSE:RLJ) last announced its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.02. RLJ Lodging Trust had a return on equity of 5.29% and a net margin of 9.55%. The business had revenue of $448.73 million for the quarter, compared to analysts’ expectations of $449.70 million. During the same period in the previous year, the business posted $0.73 EPS. The firm’s quarterly revenue was down 7.4% compared to the same quarter last year. Equities research analysts forecast that RLJ Lodging Trust will post 2.08 EPS for the current fiscal year.
In related news, Director Patricia L. Gibson purchased 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The shares were purchased at an average cost of $16.37 per share, for a total transaction of $163,700.00. Following the completion of the transaction, the director now directly owns 38,508 shares in the company, valued at approximately $630,375.96. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Forgia Robert M. La purchased 5,000 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were bought at an average price of $17.05 per share, for a total transaction of $85,250.00. Following the completion of the transaction, the director now owns 53,619 shares of the company’s stock, valued at $914,203.95. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 20,000 shares of company stock worth $327,450. Company insiders own 1.70% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in RLJ. DekaBank Deutsche Girozentrale bought a new stake in shares of RLJ Lodging Trust during the second quarter valued at about $34,000. Penserra Capital Management LLC purchased a new position in shares of RLJ Lodging Trust during the first quarter worth about $37,000. First Quadrant L P CA purchased a new position in shares of RLJ Lodging Trust during the second quarter worth about $98,000. Berman Capital Advisors LLC purchased a new position in shares of RLJ Lodging Trust during the second quarter worth about $100,000. Finally, Nisa Investment Advisors LLC grew its holdings in shares of RLJ Lodging Trust by 632.3% during the first quarter. Nisa Investment Advisors LLC now owns 9,080 shares of the real estate investment trust’s stock worth $160,000 after purchasing an additional 7,840 shares in the last quarter. Hedge funds and other institutional investors own 94.59% of the company’s stock.
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 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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