RLJ Lodging Trust (NYSE:RLJ) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday.
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. “
Several other analysts have also commented on RLJ. ValuEngine raised shares of RLJ Lodging Trust from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. KeyCorp raised shares of RLJ Lodging Trust from a “sector weight” rating to an “overweight” rating and set a $25.00 price objective on the stock in a research report on Tuesday, December 19th. Robert W. Baird reaffirmed a “hold” rating on shares of RLJ Lodging Trust in a research report on Thursday, December 21st. Deutsche Bank lifted their price objective on shares of RLJ Lodging Trust from $22.00 to $23.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. Finally, Boenning Scattergood set a $20.00 price objective on shares of RLJ Lodging Trust and gave the stock a “sell” rating in a research report on Thursday, March 1st. Four analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. RLJ Lodging Trust presently has a consensus rating of “Hold” and a consensus target price of $23.27.
Shares of RLJ Lodging Trust (NYSE RLJ) opened at $20.44 on Tuesday. The company has a market cap of $3,580.00, a PE ratio of 30.97, a price-to-earnings-growth ratio of 1.67 and a beta of 1.20. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.06 and a quick ratio of 3.06. RLJ Lodging Trust has a 12-month low of $19.07 and a 12-month high of $23.98.
RLJ Lodging Trust (NYSE:RLJ) last announced its quarterly earnings data on Tuesday, February 27th. The real estate investment trust reported $0.57 EPS for the quarter, topping the consensus estimate of $0.49 by $0.08. The business had revenue of $462.49 million for the quarter, compared to analyst estimates of $442.14 million. RLJ Lodging Trust had a net margin of 5.52% and a return on equity of 2.77%. equities analysts forecast that RLJ Lodging Trust will post 2.38 EPS for the current year.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Xact Kapitalforvaltning AB purchased a new position in shares of RLJ Lodging Trust in the fourth quarter worth about $352,000. MetLife Investment Advisors LLC purchased a new position in shares of RLJ Lodging Trust in the fourth quarter worth about $1,706,000. Macquarie Group Ltd. increased its stake in shares of RLJ Lodging Trust by 347.3% in the fourth quarter. Macquarie Group Ltd. now owns 295,337 shares of the real estate investment trust’s stock worth $5,777,000 after purchasing an additional 229,314 shares in the last quarter. Vident Investment Advisory LLC increased its stake in shares of RLJ Lodging Trust by 5.8% in the fourth quarter. Vident Investment Advisory LLC now owns 117,519 shares of the real estate investment trust’s stock worth $2,582,000 after purchasing an additional 6,488 shares in the last quarter. Finally, Zeke Capital Advisors LLC purchased a new position in shares of RLJ Lodging Trust in the fourth quarter worth about $247,000.
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About RLJ Lodging Trust
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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