Shares of RLJ Lodging Trust (NYSE:RLJ) have been assigned a consensus recommendation of “Hold” from the eleven brokerages that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $20.57.
A number of research firms have issued reports on RLJ. Barclays set a $20.00 target price on RLJ Lodging Trust and gave the company a “buy” rating in a research note on Monday, August 12th. ValuEngine cut RLJ Lodging Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Wells Fargo & Co cut their target price on RLJ Lodging Trust from $19.00 to $18.00 and set an “outperform” rating on the stock in a research note on Friday, October 18th. Royal Bank of Canada set a $20.00 target price on RLJ Lodging Trust and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, Deutsche Bank lowered their price target on RLJ Lodging Trust from $19.00 to $18.00 and set a “hold” rating on the stock in a report on Thursday, October 24th.
RLJ stock opened at $16.41 on Thursday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 4.67 and a current ratio of 4.67. The stock has a market capitalization of $2.85 billion, a price-to-earnings ratio of 7.26, a PEG ratio of 1.71 and a beta of 1.28. RLJ Lodging Trust has a 1 year low of $15.65 and a 1 year high of $20.59. The stock’s fifty day moving average is $16.73 and its two-hundred day moving average is $17.24.
RLJ Lodging Trust (NYSE:RLJ) last posted its earnings results on Thursday, November 7th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.29). The company had revenue of $371.12 million during the quarter, compared to the consensus estimate of $371.81 million. RLJ Lodging Trust had a net margin of 7.44% and a return on equity of 4.02%. The business’s quarterly revenue was down 17.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.58 earnings per share. As a group, analysts predict that RLJ Lodging Trust will post 1.96 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of the company. First Trust Advisors LP grew its holdings in RLJ Lodging Trust by 38.7% during the 1st 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 during the last quarter. Amundi Pioneer Asset Management Inc. grew its holdings in RLJ Lodging Trust by 125.8% during the 1st 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 purchasing an additional 113,786 shares during the last quarter. WINTON GROUP Ltd bought a new position in RLJ Lodging Trust during the 2nd quarter valued at about $209,000. Naples Global Advisors LLC grew its holdings in RLJ Lodging Trust by 60.6% during the 2nd quarter. Naples Global Advisors LLC now owns 20,595 shares of the real estate investment trust’s stock valued at $365,000 after purchasing an additional 7,775 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in RLJ Lodging Trust by 177.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 25,184 shares of the real estate investment trust’s stock valued at $447,000 after purchasing an additional 16,104 shares during the last quarter. 92.94% of the stock is currently owned by institutional investors.
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.
See Also: Penny Stocks, What You Need To Know
Receive News & Ratings for RLJ Lodging Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RLJ Lodging Trust and related companies with MarketBeat.com's FREE daily email newsletter.