Media stories about RLJ Lodging Trust (NYSE:RLJ) have trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. RLJ Lodging Trust earned a news sentiment score of 0.07 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 46.7213828589568 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- RLJ Lodging Trust breached its 50 day moving average in a Bearish Manner : RLJ-US : December 11, 2017 (finance.yahoo.com)
- Md. hotel REIT shuffles management companies (thedailyrecord.com)
- BRIEF-RLJ Lodging Trust Expands Relationship With Interstate Hotels And Resorts (reuters.com)
- RLJ Lodging Trust Expands Relationship with Interstate Hotels and Resorts (finance.yahoo.com)
- RLJ Lodging Trust (RLJ) Downgraded to Sell at Zacks Investment Research (americanbankingnews.com)
RLJ has been the topic of a number of analyst reports. Robert W. Baird set a $23.00 price target on RLJ Lodging Trust and gave the company a “hold” rating in a report on Sunday, October 29th. Barclays initiated coverage on RLJ Lodging Trust in a report on Friday, October 6th. They issued an “equal weight” rating and a $24.00 price target on the stock. ValuEngine upgraded RLJ Lodging Trust from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Deutsche Bank initiated coverage on RLJ Lodging Trust in a report on Tuesday, September 19th. They issued a “hold” rating and a $22.00 price target on the stock. Finally, Wells Fargo & Company upgraded RLJ Lodging Trust from a “market perform” rating to an “outperform” rating and set a $23.00 price target on the stock in a report on Tuesday, September 5th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $24.00.
Shares of RLJ Lodging Trust (NYSE:RLJ) traded down $0.03 during mid-day trading on Monday, reaching $21.42. The company had a trading volume of 975,469 shares, compared to its average volume of 1,538,965. RLJ Lodging Trust has a 1 year low of $19.12 and a 1 year high of $25.10. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.90. The stock has a market cap of $3,751.82, a P/E ratio of 8.79, a price-to-earnings-growth ratio of 1.89 and a beta of 1.13.
RLJ Lodging Trust (NYSE:RLJ) last announced its earnings results on Wednesday, November 8th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.02. RLJ Lodging Trust had a return on equity of 5.80% and a net margin of 12.30%. The firm had revenue of $341.26 million for the quarter, compared to the consensus estimate of $347.74 million. During the same period in the previous year, the business earned $0.69 EPS. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. sell-side analysts predict that RLJ Lodging Trust will post 2.27 EPS for the current year.
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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.
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