RLJ Lodging Trust (NYSE:RLJ) was upgraded by analysts at Capital One Financial from an “equal weight” rating to an “overweight” rating in a research note issued to investors on Monday, MarketBeat Ratings reports. The brokerage currently has a $11.50 price target on the real estate investment trust’s stock. Capital One Financial‘s target price indicates a potential upside of 21.82% from the company’s current price.
Several other equities analysts have also commented on the company. Barclays increased their target price on RLJ Lodging Trust from $9.00 to $11.00 and gave the company an “equal weight” rating in a report on Monday, June 22nd. KeyCorp dropped their target price on RLJ Lodging Trust from $20.00 to $12.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Wells Fargo & Co dropped their target price on RLJ Lodging Trust from $11.50 to $7.75 and set an “equal weight” rating on the stock in a report on Tuesday, April 7th. Robert W. Baird lowered RLJ Lodging Trust from an “outperform” rating to a “neutral” rating and set a $13.00 target price on the stock. in a report on Wednesday, June 10th. They noted that the move was a valuation call. Finally, SunTrust Banks dropped their target price on RLJ Lodging Trust from $15.00 to $7.00 and set a “sell” rating on the stock in a report on Wednesday, April 29th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $12.09.
Shares of NYSE RLJ opened at $9.44 on Monday. The stock has a market cap of $1.45 billion, a P/E ratio of 34.96 and a beta of 1.79. The company has a current ratio of 5.52, a quick ratio of 5.52 and a debt-to-equity ratio of 1.00. RLJ Lodging Trust has a 12-month low of $3.88 and a 12-month high of $18.17. The business’s fifty day simple moving average is $10.19 and its 200-day simple moving average is $12.17.
RLJ Lodging Trust (NYSE:RLJ) last posted its earnings results on Tuesday, May 12th. The real estate investment trust reported ($0.21) EPS for the quarter, missing the consensus estimate of $0.24 by ($0.45). The business had revenue of $265.50 million during the quarter, compared to analysts’ expectations of $261.41 million. RLJ Lodging Trust had a net margin of 4.98% and a return on equity of 2.50%. The business’s quarterly revenue was down 33.5% compared to the same quarter last year. During the same period last year, the company earned $0.48 EPS. On average, equities analysts forecast that RLJ Lodging Trust will post -0.38 EPS for the current fiscal year.
Several hedge funds have recently modified their holdings of the business. Pacitti Group Inc. acquired a new stake in shares of RLJ Lodging Trust during the fourth quarter worth about $78,000. Panagora Asset Management Inc. boosted its stake 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 period. Sigma Planning Corp acquired a new stake in shares of RLJ Lodging Trust during the first quarter worth about $98,000. Dorsey & Whitney Trust CO LLC acquired a new stake in shares of RLJ Lodging Trust during the first quarter worth about $104,000. Finally, Cubist Systematic Strategies LLC boosted its stake in shares of RLJ Lodging Trust by 8.7% during the fourth quarter. Cubist Systematic Strategies LLC now owns 14,600 shares of the real estate investment trust’s stock worth $259,000 after buying an additional 1,168 shares during the period. 91.71% of the stock is currently owned by institutional investors.
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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