ValuEngine Upgrades RLJ Lodging Trust (RLJ) to Buy

RLJ Lodging Trust (NYSE:RLJ) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Friday.

Several other equities research analysts also recently issued reports on RLJ. Boenning Scattergood set a $20.00 price target on RLJ Lodging Trust and gave the company a “sell” rating in a report on Monday, August 7th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $25.00 price target on shares of RLJ Lodging Trust in a report on Friday, August 4th. Zacks Investment Research raised RLJ Lodging Trust from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Canaccord Genuity reaffirmed a “hold” rating and set a $21.00 price target on shares of RLJ Lodging Trust in a report on Monday, August 7th. Finally, BidaskClub downgraded RLJ Lodging Trust from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $24.00.

Shares of RLJ Lodging Trust (NYSE RLJ) opened at $21.52 on Friday. RLJ Lodging Trust has a twelve month low of $19.12 and a twelve month high of $25.10. The stock has a market capitalization of $3,764.06, a price-to-earnings ratio of 8.82, a price-to-earnings-growth ratio of 1.86 and a beta of 1.13. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.90.

RLJ Lodging Trust (NYSE:RLJ) last announced its quarterly earnings results on Wednesday, November 8th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.02. RLJ Lodging Trust had a return on equity of 5.80% and a net margin of 12.30%. The business had revenue of $341.26 million during the quarter, compared to the consensus estimate of $347.74 million. During the same quarter last year, the firm posted $0.69 EPS. The company’s quarterly revenue was up 15.2% on a year-over-year basis. equities research analysts expect that RLJ Lodging Trust will post 2.31 earnings per share for the current fiscal year.

In other RLJ Lodging Trust news, Director Nathaniel A. Davis sold 10,000 shares of the stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $20.11, for a total transaction of $201,100.00. Following the transaction, the director now owns 72,928 shares in the company, valued at approximately $1,466,582.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.30% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of RLJ. Aperio Group LLC increased its position in shares of RLJ Lodging Trust by 5.8% in the second quarter. Aperio Group LLC now owns 18,319 shares of the real estate investment trust’s stock worth $364,000 after purchasing an additional 1,009 shares during the period. Russell Investments Group Ltd. increased its position in shares of RLJ Lodging Trust by 63.4% in the second quarter. Russell Investments Group Ltd. now owns 394,647 shares of the real estate investment trust’s stock worth $7,842,000 after purchasing an additional 153,173 shares during the period. NGAM Advisors L.P. increased its position in shares of RLJ Lodging Trust by 1.9% in the second quarter. NGAM Advisors L.P. now owns 144,145 shares of the real estate investment trust’s stock worth $2,865,000 after purchasing an additional 2,716 shares during the period. Great West Life Assurance Co. Can increased its position in shares of RLJ Lodging Trust by 28.1% in the second quarter. Great West Life Assurance Co. Can now owns 93,172 shares of the real estate investment trust’s stock worth $1,849,000 after purchasing an additional 20,412 shares during the period. Finally, Daiwa Securities Group Inc. increased its position in shares of RLJ Lodging Trust by 13.1% in the second quarter. Daiwa Securities Group Inc. now owns 11,200 shares of the real estate investment trust’s stock worth $223,000 after purchasing an additional 1,300 shares during the period. Institutional investors own 95.37% of the company’s stock.

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RLJ Lodging Trust Company Profile

RLJ Lodging Trust is a self-administered real estate investment trust. The Company is engaged in the acquisition of focused-service and compact full-service hotels. As of December 31, 2016, the Company owned 122 hotels with approximately 20,100 rooms, located in 21 states and the District of Columbia, and an interest in one mortgage loan secured by a hotel.

Analyst Recommendations for RLJ Lodging Trust (NYSE:RLJ)

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