RLJ Lodging Trust (NYSE:RLJ) Upgraded at StockNews.com

RLJ Lodging Trust (NYSE:RLJ) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Monday.

Other equities analysts also recently issued research reports about the company. Bank of America lowered their price target on RLJ Lodging Trust from $12.00 to $10.00 and set an “underperform” rating on the stock in a report on Monday, July 22nd. Compass Point cut shares of RLJ Lodging Trust from a “buy” rating to a “neutral” rating and reduced their price target for the company from $18.00 to $10.00 in a report on Monday. Finally, Robert W. Baird cut their target price on shares of RLJ Lodging Trust from $13.00 to $12.00 and set an “outperform” rating for the company in a research note on Tuesday, June 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $12.69.

RLJ Lodging Trust Stock Down 2.8 %

Shares of NYSE RLJ traded down $0.26 during midday trading on Monday, reaching $8.96. 2,707,206 shares of the company’s stock were exchanged, compared to its average volume of 1,328,945. The company has a debt-to-equity ratio of 1.13, a quick ratio of 2.81 and a current ratio of 2.81. The stock has a market capitalization of $1.40 billion, a PE ratio of 32.00, a price-to-earnings-growth ratio of 0.83 and a beta of 1.70. RLJ Lodging Trust has a 52-week low of $8.80 and a 52-week high of $12.39. The business’s fifty day moving average price is $9.60 and its two-hundred day moving average price is $10.78.

RLJ Lodging Trust (NYSE:RLJ) last posted its earnings results on Thursday, August 1st. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.25). RLJ Lodging Trust had a net margin of 4.93% and a return on equity of 3.34%. The business had revenue of $369.30 million during the quarter, compared to analyst estimates of $365.67 million. During the same quarter in the prior year, the business earned $0.56 earnings per share. The firm’s revenue was up 3.5% compared to the same quarter last year. Analysts forecast that RLJ Lodging Trust will post 1.42 EPS for the current year.

Institutional Trading of RLJ Lodging Trust

A number of hedge funds have recently bought and sold shares of the company. Hazelview Securities Inc. acquired a new position in RLJ Lodging Trust during the 1st quarter valued at about $82,000. Metis Global Partners LLC bought a new stake in RLJ Lodging Trust during the fourth quarter worth approximately $122,000. Stevens Capital Management LP acquired a new position in RLJ Lodging Trust in the fourth quarter worth approximately $128,000. BOKF NA acquired a new stake in shares of RLJ Lodging Trust during the 1st quarter valued at $139,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of RLJ Lodging Trust by 11.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 11,944 shares of the real estate investment trust’s stock worth $141,000 after acquiring an additional 1,229 shares during the last quarter. Institutional investors and hedge funds own 92.35% of the company’s stock.

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 currently consists of 96 hotels with approximately 21,200 rooms, located in 23 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.