RLJ Lodging Trust (NYSE:RLJ) has been given a $19.00 price objective by equities research analysts at Boenning Scattergood in a report issued on Friday, May 11th. The firm presently has a “sell” rating on the real estate investment trust’s stock. Boenning Scattergood’s price target suggests a potential downside of 11.59% from the company’s previous close.
Several other brokerages also recently commented on RLJ. ValuEngine raised RLJ Lodging Trust from a “sell” rating to a “hold” rating in a report on Thursday, May 10th. Deutsche Bank upped their price target on RLJ Lodging Trust from $22.00 to $23.00 and gave the company a “hold” rating in a research report on Friday, February 9th. Zacks Investment Research lowered RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research report on Thursday, April 26th. Robert W. Baird set a $22.00 price target on RLJ Lodging Trust and gave the company a “hold” rating in a research report on Thursday, March 1st. Finally, SunTrust Banks reissued a “hold” rating on shares of RLJ Lodging Trust in a research report on Friday, March 2nd. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $23.18.
Shares of RLJ Lodging Trust opened at $21.49 on Friday, according to Marketbeat Ratings. RLJ Lodging Trust has a 12 month low of $21.42 and a 12 month high of $21.60. The firm has a market cap of $3.79 billion, a PE ratio of 9.17, a P/E/G ratio of 1.82 and a beta of 1.14. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.79 and a quick ratio of 3.06.
RLJ Lodging Trust (NYSE:RLJ) last announced its earnings results on Wednesday, May 9th. The real estate investment trust reported $0.06 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.38). RLJ Lodging Trust had a net margin of 5.03% and a return on equity of 2.62%. The company had revenue of $429.59 million for the quarter, compared to analysts’ expectations of $421.69 million. During the same period in the prior year, the company earned $0.52 earnings per share. The company’s revenue for the quarter was up 65.1% on a year-over-year basis. research analysts anticipate that RLJ Lodging Trust will post 2.38 earnings per share for the current fiscal year.
A number of hedge funds have recently modified their holdings of the business. Daiwa Securities Group Inc. increased its position in RLJ Lodging Trust by 63.0% in the 1st quarter. Daiwa Securities Group Inc. now owns 6,055,264 shares of the real estate investment trust’s stock worth $117,715,000 after purchasing an additional 2,339,685 shares during the last quarter. Brookfield Asset Management Inc. acquired a new position in RLJ Lodging Trust in the 1st quarter worth about $93,540,000. Dimensional Fund Advisors LP increased its position in RLJ Lodging Trust by 3.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,772,076 shares of the real estate investment trust’s stock worth $53,890,000 after purchasing an additional 87,378 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in RLJ Lodging Trust by 10.3% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 2,714,612 shares of the real estate investment trust’s stock worth $52,773,000 after purchasing an additional 252,725 shares during the last quarter. Finally, AEW Capital Management L P increased its position in RLJ Lodging Trust by 6.0% in the 4th quarter. AEW Capital Management L P now owns 2,394,212 shares of the real estate investment trust’s stock worth $52,601,000 after purchasing an additional 135,150 shares during the last quarter.
About RLJ Lodging Trust
RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust focused on acquiring premium-branded, focused-service and compact full-service hotels. The Company's portfolio consists of 156 hotels with approximately 30,570 rooms, located in 26 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.
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