RLJ Lodging Trust (NYSE:RLJ) Receives Average Recommendation of "Hold" from Analysts

Shares of RLJ Lodging Trust (NYSE:RLJ - Get Free Report) have been given a consensus recommendation of "Hold" by the seven analysts that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $11.71.

RLJ has been the topic of several research reports. Bank of America decreased their price objective on shares of RLJ Lodging Trust from $12.00 to $10.00 and set an "underperform" rating on the stock in a report on Monday, July 22nd. Compass Point downgraded shares of RLJ Lodging Trust from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $18.00 to $10.00 in a report on Monday, August 5th. Truist Financial decreased 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. StockNews.com downgraded shares of RLJ Lodging Trust from a "hold" rating to a "sell" rating in a report on Monday, October 28th. Finally, Wolfe Research cut shares of RLJ Lodging Trust from an "outperform" rating to a "peer perform" rating in a research report on Thursday, September 26th.

RLJ Lodging Trust Stock Up 0.6 %

RLJ traded up $0.05 during trading on Tuesday, reaching $8.89. 1,123,267 shares of the stock were exchanged, compared to its average volume of 1,381,283. RLJ Lodging Trust has a twelve month low of $8.74 and a twelve month high of $12.39. The stock has a market cap of $1.38 billion, a P/E ratio of 34.08, a price-to-earnings-growth ratio of 0.83 and a beta of 1.70. The stock's 50 day moving average price is $9.24 and its two-hundred day moving average price is $9.62. The company has a debt-to-equity ratio of 1.12, a quick ratio of 2.60 and a current ratio of 2.60.

Institutional Investors Weigh In On RLJ Lodging Trust

Several institutional investors and hedge funds have recently bought and sold shares of RLJ. SG Americas Securities LLC lifted its holdings in shares of RLJ Lodging Trust by 86.5% in the first quarter. SG Americas Securities LLC now owns 125,076 shares of the real estate investment trust's stock worth $1,478,000 after acquiring an additional 58,002 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of RLJ Lodging Trust by 17.6% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,554,388 shares of the real estate investment trust's stock worth $18,373,000 after acquiring an additional 232,091 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of RLJ Lodging Trust by 44.8% in the first quarter. Russell Investments Group Ltd. now owns 181,076 shares of the real estate investment trust's stock worth $2,140,000 after acquiring an additional 55,996 shares during the last quarter. Boston Partners bought a new position in shares of RLJ Lodging Trust in the first quarter worth about $1,025,000. Finally, LSV Asset Management lifted its holdings in shares of RLJ Lodging Trust by 5.7% in the first quarter. LSV Asset Management now owns 1,547,200 shares of the real estate investment trust's stock worth $18,288,000 after acquiring an additional 83,500 shares during the last quarter. Institutional investors own 92.35% of the company's stock.

About RLJ Lodging Trust

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.