RLJ Lodging Trust (RLJ) Upgraded to Hold at Zacks Investment Research

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Zacks Investment Research upgraded shares of RLJ Lodging Trust (NYSE:RLJ) from a sell rating to a hold rating in a report released on Friday.

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 brokerages also recently weighed in on RLJ. Robert W. Baird upgraded RLJ Lodging Trust from a neutral rating to an outperform rating in a report on Friday, September 21st. TheStreet upgraded RLJ Lodging Trust from a c+ rating to a b- rating in a report on Tuesday, September 25th. Bank of America reduced their price target on RLJ Lodging Trust from $25.00 to $24.00 and set a neutral rating for the company in a report on Thursday, October 4th. Wells Fargo & Co restated a hold rating on shares of RLJ Lodging Trust in a report on Wednesday, November 14th. Finally, Deutsche Bank set a $22.00 price target on RLJ Lodging Trust and gave the company a hold rating in a report on Thursday, November 8th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. RLJ Lodging Trust has a consensus rating of Hold and a consensus price target of $22.50.

RLJ opened at $18.07 on Friday. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of 7.53, a PEG ratio of 1.57 and a beta of 1.29. RLJ Lodging Trust has a 12-month low of $15.91 and a 12-month high of $23.97.

RLJ Lodging Trust (NYSE:RLJ) last issued its quarterly earnings results on Tuesday, November 6th. The real estate investment trust reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.17). RLJ Lodging Trust had a net margin of 9.23% and a return on equity of 5.34%. The company had revenue of $447.00 million for the quarter, compared to the consensus estimate of $450.68 million. During the same quarter in the previous year, the business earned $0.61 earnings per share. RLJ Lodging Trust’s revenue was up 31.0% compared to the same quarter last year. On average, equities analysts predict that RLJ Lodging Trust will post 2.2 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 31st will be issued a $0.33 dividend. The ex-dividend date is Friday, December 28th. This represents a $1.32 annualized dividend and a yield of 7.30%. RLJ Lodging Trust’s payout ratio is 55.00%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Paradigm Asset Management Co. LLC purchased a new position in RLJ Lodging Trust in the third quarter worth about $106,000. NN Investment Partners Holdings N.V. purchased a new position in shares of RLJ Lodging Trust during the 3rd quarter valued at about $198,000. Panagora Asset Management Inc. lifted its position in shares of RLJ Lodging Trust by 56.8% during the 3rd quarter. Panagora Asset Management Inc. now owns 9,472 shares of the real estate investment trust’s stock valued at $209,000 after buying an additional 3,431 shares in the last quarter. Truvestments Capital LLC purchased a new position in shares of RLJ Lodging Trust during the 2nd quarter valued at about $235,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of RLJ Lodging Trust by 115.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 12,056 shares of the real estate investment trust’s stock valued at $266,000 after buying an additional 6,456 shares in the last quarter.

RLJ Lodging Trust Company Profile

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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