RLJ Lodging Trust (NYSE:RLJ) Rating Lowered to Sell at StockNews.com

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) was downgraded by equities researchers at StockNews.com from a "hold" rating to a "sell" rating in a note issued to investors on Monday.

A number of other research firms also recently commented on RLJ. Bank of America dropped their price objective on shares of RLJ Lodging Trust from $12.00 to $10.00 and set an "underperform" rating for the company in a research note on Monday, July 22nd. Wolfe Research lowered RLJ Lodging Trust from an "outperform" rating to a "peer perform" rating in a research note on Thursday, September 26th. Wells Fargo & Company cut RLJ Lodging Trust from an "equal weight" rating to an "underweight" rating and decreased their target price for the stock from $11.00 to $9.00 in a report on Friday, September 13th. Truist Financial cut their price target 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. Finally, Compass Point cut shares of RLJ Lodging Trust from a "buy" rating to a "neutral" rating and reduced their price target for the company from $18.00 to $10.00 in a research report on Monday, August 5th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $11.71.

RLJ Lodging Trust Trading Up 0.3 %

RLJ stock traded up $0.03 during midday trading on Monday, hitting $9.07. The stock had a trading volume of 1,467,942 shares, compared to its average volume of 1,376,311. The firm has a market cap of $1.41 billion, a PE ratio of 34.89, a price-to-earnings-growth ratio of 0.86 and a beta of 1.69. 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 12-month low of $8.79 and a 12-month high of $12.39. The company's 50-day moving average price is $9.28 and its 200 day moving average price is $9.70.

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.45 by ($0.25). RLJ Lodging Trust had a net margin of 4.93% and a return on equity of 3.34%. The company had revenue of $369.30 million for the quarter, compared to analyst estimates of $365.67 million. During the same period in the prior year, the company earned $0.56 EPS. The company's revenue was up 3.5% compared to the same quarter last year. On average, equities research analysts predict that RLJ Lodging Trust will post 1.34 earnings per share for the current fiscal year.

Hedge Funds Weigh In On RLJ Lodging Trust

A number of hedge funds have recently added to or reduced their stakes in RLJ. Allspring Global Investments Holdings LLC grew its holdings in shares of RLJ Lodging Trust by 11.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 11,944 shares of the real estate investment trust's stock valued at $141,000 after purchasing an additional 1,229 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of RLJ Lodging Trust by 34.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,051 shares of the real estate investment trust's stock valued at $57,000 after purchasing an additional 1,564 shares during the last quarter. ProShare Advisors LLC grew its holdings in shares of RLJ Lodging Trust by 7.4% during the first quarter. ProShare Advisors LLC now owns 27,568 shares of the real estate investment trust's stock valued at $326,000 after purchasing an additional 1,903 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of RLJ Lodging Trust by 2.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 107,116 shares of the real estate investment trust's stock valued at $1,267,000 after purchasing an additional 2,071 shares during the last quarter. Finally, Lazard Asset Management LLC grew its holdings in shares of RLJ Lodging Trust by 32.3% during the first quarter. Lazard Asset Management LLC now owns 12,491 shares of the real estate investment trust's stock valued at $147,000 after purchasing an additional 3,052 shares during the last quarter. Institutional investors and hedge funds own 92.35% of the company's stock.

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.

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