RLJ Lodging Trust (RLJ) Research Coverage Started at Barclays PLC

Barclays PLC began coverage on shares of RLJ Lodging Trust (NYSE:RLJ) in a research report report published on Friday, MarketBeat Ratings reports. The firm issued an equal weight rating and a $24.00 target price on the real estate investment trust’s stock.

A number of other equities analysts also recently weighed in on RLJ. Boenning Scattergood reissued a sell rating and set a $19.50 price target on shares of RLJ Lodging Trust in a research report on Wednesday, June 14th. BidaskClub downgraded RLJ Lodging Trust from a hold rating to a sell rating in a research report on Wednesday, July 5th. Zacks Investment Research downgraded RLJ Lodging Trust from a hold rating to a sell rating in a research report on Wednesday, July 12th. Royal Bank Of Canada reissued a buy rating and set a $25.00 price target on shares of RLJ Lodging Trust in a research report on Friday, August 4th. Finally, Canaccord Genuity reissued a hold rating and set a $21.00 price target on shares of RLJ Lodging Trust in a research report on Monday, August 7th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $24.18.

Shares of RLJ Lodging Trust (RLJ) opened at 21.96 on Friday. The company’s 50-day moving average price is $21.06 and its 200 day moving average price is $21.16. RLJ Lodging Trust has a 52 week low of $18.92 and a 52 week high of $25.10. The company has a market cap of $2.72 billion, a P/E ratio of 15.14 and a beta of 1.17.

RLJ Lodging Trust (NYSE:RLJ) last announced its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.03. The firm had revenue of $292.28 million for the quarter, compared to the consensus estimate of $293.16 million. RLJ Lodging Trust had a return on equity of 8.16% and a net margin of 16.12%. The business’s revenue was down 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.82 earnings per share. On average, equities analysts forecast that RLJ Lodging Trust will post $1.19 EPS for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Wednesday, August 30th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date was Monday, August 28th. RLJ Lodging Trust’s dividend payout ratio is presently 30.34%.

In other news, Director Forgia Robert M. La acquired 5,000 shares of RLJ Lodging Trust stock in a transaction dated Wednesday, August 16th. The stock was bought at an average price of $19.73 per share, for a total transaction of $98,650.00. Following the completion of the acquisition, the director now directly owns 37,528 shares in the company, valued at approximately $740,427.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Nathaniel A. Davis sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $20.11, for a total value of $201,100.00. Following the sale, the director now owns 72,928 shares of the company’s stock, valued at approximately $1,466,582.08. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

Large investors have recently modified their holdings of the company. UBS Asset Management Americas Inc. boosted its holdings in shares of RLJ Lodging Trust by 23.0% during the first quarter. UBS Asset Management Americas Inc. now owns 265,152 shares of the real estate investment trust’s stock worth $6,234,000 after acquiring an additional 49,507 shares during the period. Teachers Advisors LLC boosted its stake in shares of RLJ Lodging Trust by 3.1% in the first quarter. Teachers Advisors LLC now owns 1,002,758 shares of the real estate investment trust’s stock valued at $23,575,000 after buying an additional 30,140 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of RLJ Lodging Trust by 30.1% in the first quarter. Ameriprise Financial Inc. now owns 395,035 shares of the real estate investment trust’s stock valued at $9,288,000 after buying an additional 91,303 shares during the period. Aperio Group LLC boosted its stake in shares of RLJ Lodging Trust by 5.8% in the second quarter. Aperio Group LLC now owns 18,319 shares of the real estate investment trust’s stock valued at $364,000 after buying an additional 1,009 shares during the period. Finally, Citigroup Inc. boosted its stake in sh

A number of other equities analysts also recently weighed in on RLJ. Boenning Scattergood reissued a sell rating and set a $19.50 price target on shares of RLJ Lodging Trust in a research report on Wednesday, June 14th. BidaskClub downgraded RLJ Lodging Trust from a hold rating to a sell rating in a research report on Wednesday, July 5th. Zacks Investment Research downgraded RLJ Lodging Trust from a hold rating to a sell rating in a research report on Wednesday, July 12th. Royal Bank Of Canada reissued a buy rating and set a $25.00 price target on shares of RLJ Lodging Trust in a research report on Friday, August 4th. Finally, Canaccord Genuity reissued a hold rating and set a $21.00 price target on shares of RLJ Lodging Trust in a research report on Monday, August 7th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $24.18.

Shares of RLJ Lodging Trust (RLJ) opened at 21.96 on Friday. The company’s 50-day moving average price is $21.06 and its 200 day moving average price is $21.16. RLJ Lodging Trust has a 52 week low of $18.92 and a 52 week high of $25.10. The company has a market cap of $2.72 billion, a P/E ratio of 15.14 and a beta of 1.17.

RLJ Lodging Trust (NYSE:RLJ) last announced its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.03. The firm had revenue of $292.28 million for the quarter, compared to the consensus estimate of $293.16 million. RLJ Lodging Trust had a return on equity of 8.16% and a net margin of 16.12%. The business’s revenue was down 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.82 earnings per share. On average, equities analysts forecast that RLJ Lodging Trust will post $1.19 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This article was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another website, it was stolen and reposted in violation of United States & international copyright legislation. The correct version of this article can be read at https://ledgergazette.com/2017/10/09/rlj-lodging-trust-rlj-research-coverage-started-at-barclays-plc.html.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Wednesday, August 30th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date was Monday, August 28th. RLJ Lodging Trust’s dividend payout ratio is presently 30.34%.

In other news, Director Forgia Robert M. La acquired 5,000 shares of RLJ Lodging Trust stock in a transaction dated Wednesday, August 16th. The stock was bought at an average price of $19.73 per share, for a total transaction of $98,650.00. Following the completion of the acquisition, the director now directly owns 37,528 shares in the company, valued at approximately $740,427.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Nathaniel A. Davis sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $20.11, for a total value of $201,100.00. Following the sale, the director now owns 72,928 shares of the company’s stock, valued at approximately $1,466,582.08. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

Large investors have recently modified their holdings of the company. UBS Asset Management Americas Inc. boosted its holdings in shares of RLJ Lodging Trust by 23.0% during the first quarter. UBS Asset Management Americas Inc. now owns 265,152 shares of the real estate investment trust’s stock worth $6,234,000 after acquiring an additional 49,507 shares during the period. Teachers Advisors LLC boosted its stake in shares of RLJ Lodging Trust by 3.1% in the first quarter. Teachers Advisors LLC now owns 1,002,758 shares of the real estate investment trust’s stock valued at $23,575,000 after buying an additional 30,140 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of RLJ Lodging Trust by 30.1% in the first quarter. Ameriprise Financial Inc. now owns 395,035 shares of the real estate investment trust’s stock valued at $9,288,000 after buying an additional 91,303 shares during the period. Aperio Group LLC boosted its stake in shares of RLJ Lodging Trust by 5.8% in the second quarter. Aperio Group LLC now owns 18,319 shares of the real estate investment trust’s stock valued at $364,000 after buying an additional 1,009 shares during the period. Finally, Citigroup Inc. boosted its stake in shares of RLJ Lodging Trust by 14.6% in the second quarter. Citigroup Inc. now owns 290,875 shares of the real estate investment trust’s stock valued at $5,780,000 after buying an additional 36,958 shares during the period.

RLJ Lodging Trust Company Profile

RLJ Lodging Trust is a self-administered real estate investment trust. The Company is engaged in the acquisition of focused-service and compact full-service hotels. As of December 31, 2016, the Company owned 122 hotels with approximately 20,100 rooms, located in 21 states and the District of Columbia, and an interest in one mortgage loan secured by a hotel.

Analyst Recommendations for RLJ Lodging Trust (NYSE:RLJ)

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