RLJ Lodging Trust (NYSE:RLJ) Lifted to Hold at ValuEngine

RLJ Lodging Trust (NYSE:RLJ) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Monday, ValuEngine reports.

A number of other research firms have also recently weighed in on RLJ. Wells Fargo & Co cut their price target on RLJ Lodging Trust from $11.50 to $7.75 and set an “equal weight” rating on the stock in a research note on Tuesday, April 7th. Zacks Investment Research upgraded RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, May 6th. SunTrust Banks cut their target price on RLJ Lodging Trust from $15.00 to $7.00 and set a “sell” rating on the stock in a research report on Wednesday, April 29th. KeyCorp cut their target price on RLJ Lodging Trust from $20.00 to $12.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Finally, Raymond James cut their target price on RLJ Lodging Trust from $20.00 to $12.00 and set an “outperform” rating on the stock in a research report on Thursday, March 12th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. RLJ Lodging Trust presently has a consensus rating of “Hold” and an average target price of $12.68.

RLJ Lodging Trust stock traded up $0.09 during midday trading on Monday, reaching $10.40. The company’s stock had a trading volume of 2,132,429 shares, compared to its average volume of 2,639,406. RLJ Lodging Trust has a fifty-two week low of $3.88 and a fifty-two week high of $18.37. The company has a quick ratio of 5.52, a current ratio of 5.52 and a debt-to-equity ratio of 1.00. The company has a market cap of $1.70 billion, a P/E ratio of 38.52 and a beta of 1.79. The business has a 50-day simple moving average of $8.85 and a 200-day simple moving average of $13.06.

RLJ Lodging Trust (NYSE:RLJ) last posted its quarterly earnings results on Tuesday, May 12th. The real estate investment trust reported ($0.21) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.45). RLJ Lodging Trust had a net margin of 4.98% and a return on equity of 2.50%. The business had revenue of $265.50 million during the quarter, compared to analyst estimates of $261.41 million. During the same quarter in the prior year, the business earned $0.48 earnings per share. The firm’s quarterly revenue was down 33.5% on a year-over-year basis. As a group, equities analysts forecast that RLJ Lodging Trust will post -0.18 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pacitti Group Inc. purchased a new position in shares of RLJ Lodging Trust during the fourth quarter worth about $78,000. Tower Research Capital LLC TRC grew its holdings in shares of RLJ Lodging Trust by 59.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,365 shares of the real estate investment trust’s stock worth $95,000 after buying an additional 2,001 shares during the last quarter. New York State Teachers Retirement System grew its holdings in shares of RLJ Lodging Trust by 674.7% during the fourth quarter. New York State Teachers Retirement System now owns 5,423 shares of the real estate investment trust’s stock worth $96,000 after buying an additional 4,723 shares during the last quarter. Panagora Asset Management Inc. grew its holdings in shares of RLJ Lodging Trust by 48.7% during the fourth quarter. Panagora Asset Management Inc. now owns 8,985 shares of the real estate investment trust’s stock worth $159,000 after buying an additional 2,944 shares during the last quarter. Finally, Sigma Planning Corp purchased a new position in shares of RLJ Lodging Trust during the first quarter worth about $98,000. 91.71% of the stock is currently owned by hedge funds and other institutional investors.

About RLJ Lodging Trust

RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust that owns primarily premium-branded, high-margin, focused-service and compact full-service hotels. The Company's portfolio consists of 150 hotels with approximately 28,600 rooms, located in 25 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.

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Analyst Recommendations for RLJ Lodging Trust (NYSE:RLJ)

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