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 report issued on Monday.

Several other brokerages have also issued reports on RLJ. Wells Fargo & Company boosted their price target on RLJ Lodging Trust from $10.00 to $10.50 and gave the company an “underweight” rating in a research note on Monday, December 9th. Wolfe Research downgraded shares of RLJ Lodging Trust from an “outperform” rating to a “peer perform” rating in a research report on Thursday, September 26th. Oppenheimer raised their price target on shares of RLJ Lodging Trust from $11.00 to $12.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Finally, Truist Financial dropped their price objective on shares of RLJ Lodging Trust from $14.00 to $11.00 and set a “buy” rating on the stock in a report on Monday, October 28th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, RLJ Lodging Trust presently has a consensus rating of “Hold” and a consensus price target of $10.92.

RLJ Lodging Trust Trading Down 0.8 %

Shares of RLJ traded down $0.08 during trading hours on Monday, hitting $9.92. 1,850,318 shares of the stock were exchanged, compared to its average volume of 1,445,938. The firm has a market capitalization of $1.52 billion, a P/E ratio of 34.20 and a beta of 1.70. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.74 and a quick ratio of 2.74. RLJ Lodging Trust has a fifty-two week low of $8.74 and a fifty-two week high of $12.39. The business has a 50-day moving average of $10.10 and a 200-day moving average of $9.58.

RLJ Lodging Trust (NYSE:RLJ) last posted its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.23). The business had revenue of $345.74 million during the quarter, compared to the consensus estimate of $342.93 million. RLJ Lodging Trust had a return on equity of 3.58% and a net margin of 5.19%. The business’s revenue was up 3.4% on a year-over-year basis. During the same period last year, the business posted $0.40 earnings per share. On average, research analysts expect that RLJ Lodging Trust will post 1.37 EPS for the current year.

Institutional Trading of RLJ Lodging Trust

A number of institutional investors have recently added to or reduced their stakes in RLJ. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of RLJ Lodging Trust by 34.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,051 shares of the real estate investment trust’s stock valued at $57,000 after acquiring an additional 1,564 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of RLJ Lodging Trust by 0.4% in the third quarter. Public Employees Retirement System of Ohio now owns 389,527 shares of the real estate investment trust’s stock worth $3,576,000 after purchasing an additional 1,634 shares during the last quarter. Asset Management One Co. Ltd. raised its stake in RLJ Lodging Trust by 0.8% in the third quarter. Asset Management One Co. Ltd. now owns 225,738 shares of the real estate investment trust’s stock valued at $2,072,000 after purchasing an additional 1,755 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in RLJ Lodging Trust by 1.3% during the third quarter. Nomura Asset Management Co. Ltd. now owns 192,700 shares of the real estate investment trust’s stock valued at $1,769,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Quarry LP grew its stake in RLJ Lodging Trust by 197.3% in the 2nd quarter. Quarry LP now owns 5,465 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 3,627 shares in the last quarter. Hedge funds and other institutional investors own 92.35% 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 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.