Analysts Set RLJ Lodging Trust (NYSE:RLJ) Price Target at $21.75

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RLJ Lodging Trust (NYSE:RLJ) has received a consensus recommendation of “Hold” from the twelve ratings firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $21.75.

Several research firms recently weighed in on RLJ. Capital One Financial began coverage on shares of RLJ Lodging Trust in a report on Tuesday, June 25th. They issued an “equal weight” rating and a $21.00 price target on the stock. Royal Bank of Canada set a $20.00 price target on shares of RLJ Lodging Trust and gave the company a “buy” rating in a report on Friday, August 30th. Zacks Investment Research upgraded shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 17th. ValuEngine upgraded shares of RLJ Lodging Trust from a “hold” rating to a “buy” rating in a report on Wednesday, September 4th. Finally, Barclays set a $20.00 price target on shares of RLJ Lodging Trust and gave the company a “buy” rating in a report on Monday, August 12th.

Shares of NYSE RLJ traded up $0.22 during mid-day trading on Friday, hitting $17.64. The stock had a trading volume of 1,597,339 shares, compared to its average volume of 1,128,377. The company has a debt-to-equity ratio of 0.78, a quick ratio of 4.34 and a current ratio of 4.34. RLJ Lodging Trust has a 1 year low of $15.65 and a 1 year high of $23.31. The business has a 50 day moving average price of $16.59 and a two-hundred day moving average price of $17.70. The firm has a market cap of $3.01 billion, a P/E ratio of 7.81, a price-to-earnings-growth ratio of 1.73 and a beta of 1.30.

RLJ Lodging Trust (NYSE:RLJ) last released its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.02. The business had revenue of $448.73 million for the quarter, compared to analysts’ expectations of $449.70 million. RLJ Lodging Trust had a net margin of 9.55% and a return on equity of 5.29%. The firm’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.73 earnings per share. Equities research analysts predict that RLJ Lodging Trust will post 2.02 EPS for the current fiscal year.

In other RLJ Lodging Trust news, Director Forgia Robert M. La bought 5,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were purchased at an average price of $15.70 per share, for a total transaction of $78,500.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Patricia L. Gibson bought 10,000 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were acquired at an average price of $16.37 per share, for a total transaction of $163,700.00. Following the acquisition, the director now owns 38,508 shares in the company, valued at approximately $630,375.96. The disclosure for this purchase can be found here. Insiders own 1.70% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. DekaBank Deutsche Girozentrale bought a new stake in shares of RLJ Lodging Trust during the 2nd quarter valued at $34,000. Penserra Capital Management LLC purchased a new position in shares of RLJ Lodging Trust in the 1st quarter worth about $37,000. First Quadrant L P CA purchased a new position in shares of RLJ Lodging Trust in the 2nd quarter worth about $98,000. Berman Capital Advisors LLC purchased a new position in shares of RLJ Lodging Trust in the 2nd quarter worth about $100,000. Finally, Tower Research Capital LLC TRC raised its position in shares of RLJ Lodging Trust by 217.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 11,255 shares of the real estate investment trust’s stock worth $200,000 after purchasing an additional 7,713 shares during the last quarter. Hedge funds and other institutional investors own 92.58% of the company’s stock.

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.

Further Reading: Return on Investment (ROI)

Analyst Recommendations for RLJ Lodging Trust (NYSE:RLJ)

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