Truist Financial Downgrades RLJ Lodging Trust (NYSE:RLJ) to Hold

RLJ Lodging Trust (NYSE:RLJ - Get Free Report) was downgraded by equities researchers at Truist Financial from a "buy" rating to a "hold" rating in a report released on Friday, Marketbeat reports. They currently have a $10.00 price target on the real estate investment trust's stock, down from their previous price target of $11.00. Truist Financial's price target suggests a potential upside of 19.33% from the company's previous close.

RLJ has been the subject of a number of other reports. StockNews.com raised RLJ Lodging Trust from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Wells Fargo & Company decreased their price objective on RLJ Lodging Trust from $10.50 to $9.75 and set an "underweight" rating for the company in a research report on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, RLJ Lodging Trust has an average rating of "Hold" and a consensus price target of $10.82.

RLJ Lodging Trust Trading Down 1.2 %

Shares of RLJ Lodging Trust stock traded down $0.10 during trading on Friday, reaching $8.38. 2,534,022 shares of the company were exchanged, compared to its average volume of 1,496,859. The business has a 50-day moving average price of $9.43 and a 200-day moving average price of $9.59. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 28.90, a P/E/G ratio of 2.87 and a beta of 1.69. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 1.14. RLJ Lodging Trust has a twelve month low of $8.26 and a twelve month high of $11.99.

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RLJ Lodging Trust (NYSE:RLJ - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of ($0.03) by $0.36. RLJ Lodging Trust had a net margin of 5.19% and a return on equity of 3.58%. The business had revenue of $329.99 million for the quarter, compared to the consensus estimate of $324.66 million. Sell-side analysts anticipate that RLJ Lodging Trust will post 1.37 EPS for the current fiscal year.

Institutional Trading of RLJ Lodging Trust

Hedge funds and other institutional investors have recently made changes to their positions in the business. GF Fund Management CO. LTD. bought a new position in RLJ Lodging Trust in the fourth quarter valued at $29,000. US Bancorp DE grew its holdings in shares of RLJ Lodging Trust by 78.2% in the 4th quarter. US Bancorp DE now owns 3,230 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 1,417 shares in the last quarter. CreativeOne Wealth LLC bought a new position in shares of RLJ Lodging Trust in the 4th quarter valued at about $111,000. Xponance Inc. acquired a new stake in shares of RLJ Lodging Trust in the fourth quarter valued at about $112,000. Finally, EntryPoint Capital LLC boosted its position in RLJ Lodging Trust by 23.8% during the fourth quarter. EntryPoint Capital LLC now owns 13,659 shares of the real estate investment trust's stock valued at $139,000 after purchasing an additional 2,624 shares during the last quarter. 92.35% of the stock is currently owned by institutional investors and hedge funds.

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.