RLJ Lodging Trust (NYSE:RLJ) was upgraded by analysts at KeyCorp from a “sector weight” rating to an “overweight” rating in a report released on Tuesday, December 19th, MarketBeat.com reports. The firm presently has a $25.00 price target on the real estate investment trust’s stock. KeyCorp’s price objective would suggest a potential upside of 12.92% from the company’s previous close.
Several other research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of RLJ Lodging Trust from a “hold” rating to a “sell” rating in a report on Wednesday, December 6th. ValuEngine raised shares of RLJ Lodging Trust from a “hold” rating to a “buy” rating in a report on Friday, December 1st. TheStreet downgraded shares of RLJ Lodging Trust from a “b-” rating to a “c+” rating in a report on Wednesday, November 8th. Robert W. Baird set a $23.00 target price on shares of RLJ Lodging Trust and gave the company a “hold” rating in a research report on Sunday, October 29th. Finally, SunTrust Banks began coverage on shares of RLJ Lodging Trust in a research report on Thursday, October 19th. They set a “hold” rating and a $22.00 target price on the stock. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. RLJ Lodging Trust has a consensus rating of “Hold” and a consensus price target of $23.36.
Shares of RLJ Lodging Trust (NYSE RLJ) traded down $0.31 on Tuesday, reaching $22.14. 1,161,285 shares of the company’s stock were exchanged, compared to its average volume of 1,400,000. The stock has a market cap of $3,870.00, a price-to-earnings ratio of 29.13, a PEG ratio of 1.88 and a beta of 1.13. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.06 and a current ratio of 2.06. RLJ Lodging Trust has a 1-year low of $19.12 and a 1-year high of $24.60.
RLJ Lodging Trust (NYSE:RLJ) last announced its earnings results on Wednesday, November 8th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.02. RLJ Lodging Trust had a net margin of 12.30% and a return on equity of 5.80%. The business had revenue of $341.26 million during the quarter, compared to analyst estimates of $347.74 million. During the same period in the previous year, the business earned $0.69 EPS. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. research analysts expect that RLJ Lodging Trust will post 2.27 earnings per share for the current fiscal year.
Several large investors have recently modified their holdings of the company. Ffcm LLC boosted its stake in shares of RLJ Lodging Trust by 1,105.3% during the third quarter. Ffcm LLC now owns 5,496 shares of the real estate investment trust’s stock valued at $121,000 after purchasing an additional 5,040 shares in the last quarter. Ameritas Investment Partners Inc. boosted its stake in shares of RLJ Lodging Trust by 38.0% during the third quarter. Ameritas Investment Partners Inc. now owns 14,536 shares of the real estate investment trust’s stock valued at $212,000 after purchasing an additional 4,002 shares in the last quarter. Cornerstone Capital Management Holdings LLC. bought a new position in shares of RLJ Lodging Trust during the second quarter valued at approximately $214,000. Denver Investment Advisors LLC boosted its stake in shares of RLJ Lodging Trust by 0.9% during the second quarter. Denver Investment Advisors LLC now owns 11,000 shares of the real estate investment trust’s stock valued at $219,000 after purchasing an additional 100 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of RLJ Lodging Trust during the third quarter valued at approximately $225,000. 94.38% of the stock is currently owned by institutional investors and hedge funds.
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About RLJ Lodging Trust
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.
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