Shares of RLJ Lodging Trust (NYSE:RLJ) have received an average recommendation of “Hold” from the fifteen analysts that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $23.50.
A number of research analysts have weighed in on RLJ shares. SunTrust Banks started coverage on RLJ Lodging Trust in a report on Thursday, October 19th. They set a “hold” rating and a $22.00 target price for the company. Robert W. Baird set a $23.00 target price on RLJ Lodging Trust and gave the company a “hold” rating in a report on Sunday, October 29th. TheStreet lowered RLJ Lodging Trust from a “b-” rating to a “c+” rating in a report on Wednesday, November 8th. ValuEngine raised RLJ Lodging Trust from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, Zacks Investment Research lowered RLJ Lodging Trust from a “hold” rating to a “sell” rating in a report on Wednesday, December 6th.
RLJ Lodging Trust (NYSE RLJ) traded down $0.09 during mid-day trading on Friday, reaching $21.61. The company’s stock had a trading volume of 1,404,231 shares, compared to its average volume of 1,346,709. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.90. The stock has a market cap of $3,795.55, a price-to-earnings ratio of 19.20, a PEG ratio of 1.82 and a beta of 1.10. RLJ Lodging Trust has a 1-year low of $19.12 and a 1-year high of $23.98.
Several institutional investors and hedge funds have recently modified their holdings of the company. State Street Corp boosted its position in shares of RLJ Lodging Trust by 2.4% during the 2nd quarter. State Street Corp now owns 4,831,260 shares of the real estate investment trust’s stock valued at $96,267,000 after acquiring an additional 111,681 shares during the last quarter. Cohen & Steers Inc. bought a new stake in RLJ Lodging Trust in the 3rd quarter worth approximately $89,956,000. Daiwa Securities Group Inc. lifted its position in RLJ Lodging Trust by 534.3% in the 4th quarter. Daiwa Securities Group Inc. now owns 3,715,579 shares of the real estate investment trust’s stock worth $81,632,000 after buying an additional 3,129,810 shares during the last quarter. Land & Buildings Investment Management LLC bought a new stake in RLJ Lodging Trust in the 3rd quarter worth approximately $77,072,000. Finally, Citadel Advisors LLC lifted its position in RLJ Lodging Trust by 128.7% in the 3rd quarter. Citadel Advisors LLC now owns 3,006,051 shares of the real estate investment trust’s stock worth $66,133,000 after buying an additional 1,691,905 shares during the last quarter. Hedge funds and other institutional investors own 95.24% of the company’s stock.
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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