RLJ Lodging Trust (NYSE:RLJ) Downgraded to “Sell” Rating by StockNews.com

StockNews.com lowered shares of RLJ Lodging Trust (NYSE:RLJ) from a hold rating to a sell rating in a research report sent to investors on Wednesday.

Several other brokerages have also recently weighed in on RLJ. Compass Point cut shares of RLJ Lodging Trust from a “buy” rating to a “neutral” rating and dropped their price target for the company from $18.00 to $10.00 in a research report on Monday, August 5th. Wolfe Research cut RLJ Lodging Trust from an “outperform” rating to a “peer perform” rating in a research note on Thursday, September 26th. Wells Fargo & Company downgraded RLJ Lodging Trust from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $11.00 to $9.00 in a report on Friday, September 13th. Bank of America dropped their price objective on RLJ Lodging Trust from $12.00 to $10.00 and set an “underperform” rating for the company in a report on Monday, July 22nd. Finally, Truist Financial reduced their target price on RLJ Lodging Trust from $14.00 to $11.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.71.

RLJ Lodging Trust Price Performance

Shares of RLJ Lodging Trust stock opened at $9.34 on Wednesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.60 and a quick ratio of 2.60. RLJ Lodging Trust has a one year low of $8.74 and a one year high of $12.39. The business’s 50 day simple moving average is $9.23 and its two-hundred day simple moving average is $9.61. The stock has a market capitalization of $1.45 billion, a P/E ratio of 35.92, a price-to-earnings-growth ratio of 0.84 and a beta of 1.70.

Institutional Investors Weigh In On RLJ Lodging Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of RLJ Lodging Trust by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 25,236,820 shares of the real estate investment trust’s stock worth $298,299,000 after buying an additional 420,428 shares during the period. Donald Smith & CO. Inc. grew its holdings in RLJ Lodging Trust by 46.6% in the third quarter. Donald Smith & CO. Inc. now owns 4,855,122 shares of the real estate investment trust’s stock worth $44,570,000 after purchasing an additional 1,543,848 shares during the period. LSV Asset Management increased its stake in shares of RLJ Lodging Trust by 9.8% during the second quarter. LSV Asset Management now owns 1,699,595 shares of the real estate investment trust’s stock valued at $16,367,000 after purchasing an additional 152,395 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of RLJ Lodging Trust by 2.4% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,591,525 shares of the real estate investment trust’s stock valued at $15,326,000 after purchasing an additional 37,137 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its position in shares of RLJ Lodging Trust by 2.1% in the 1st quarter. Clearbridge Investments LLC now owns 1,343,923 shares of the real estate investment trust’s stock worth $15,885,000 after purchasing an additional 27,746 shares in the last quarter. 92.35% of the stock is owned by hedge funds and other 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 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.