Shares of RLJ Lodging Trust (NYSE:RLJ) have received an average recommendation of “Hold” from the fifteen brokerages that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $23.50.
RLJ has been the subject of several analyst reports. SunTrust Banks initiated coverage on shares of RLJ Lodging Trust in a research note on Thursday, October 19th. They issued a “hold” rating and a $22.00 target price for the company. Robert W. Baird set a $23.00 target price on shares of RLJ Lodging Trust and gave the company a “hold” rating in a research note on Sunday, October 29th. TheStreet cut shares of RLJ Lodging Trust from a “b-” rating to a “c+” rating in a research note on Wednesday, November 8th. ValuEngine raised shares of RLJ Lodging Trust from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Zacks Investment Research cut shares of RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, December 6th.
A number of hedge funds have recently added to or reduced their stakes in the business. State Street Corp boosted its position in RLJ Lodging Trust by 2.4% during the second quarter. State Street Corp now owns 4,831,260 shares of the real estate investment trust’s stock worth $96,267,000 after purchasing an additional 111,681 shares during the period. Cohen & Steers Inc. bought a new position in RLJ Lodging Trust during the third quarter worth $89,956,000. Daiwa Securities Group Inc. boosted its position in RLJ Lodging Trust by 534.3% during the fourth quarter. Daiwa Securities Group Inc. now owns 3,715,579 shares of the real estate investment trust’s stock worth $81,632,000 after purchasing an additional 3,129,810 shares during the period. Land & Buildings Investment Management LLC bought a new position in RLJ Lodging Trust during the third quarter worth $77,072,000. Finally, Citadel Advisors LLC boosted its position in RLJ Lodging Trust by 128.7% during the third quarter. Citadel Advisors LLC now owns 3,006,051 shares of the real estate investment trust’s stock worth $66,133,000 after purchasing an additional 1,691,905 shares during the period. 95.24% of the stock is owned by hedge funds and other institutional investors.
RLJ Lodging Trust (NYSE:RLJ) traded up $0.23 during trading hours on Friday, hitting $21.85. 1,180,000 shares of the company traded hands, compared to its average volume of 1,370,000. RLJ Lodging Trust has a twelve month low of $19.12 and a twelve month high of $23.98. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $3,820.00, a PE ratio of 28.75, a PEG ratio of 1.81 and a beta of 1.10.
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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