Shares of RLJ Lodging Trust (NYSE:RLJ) have earned an average recommendation of “Hold” from the ten ratings firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $22.00.
Several analysts have issued reports on RLJ shares. Capital One Financial started coverage on shares of RLJ Lodging Trust in a research report on Tuesday, June 25th. They set an “equal weight” rating and a $21.00 price target for the company. Wells Fargo & Co upgraded shares of RLJ Lodging Trust from a “market perform” rating to an “outperform” rating and upped their price target for the company from $18.00 to $20.00 in a research report on Wednesday, May 15th. Barclays set a $20.00 price target on shares of RLJ Lodging Trust and gave the company a “buy” rating in a research report on Monday, August 12th. SunTrust Banks lowered shares of RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, July 16th. Finally, Zacks Investment Research upgraded shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research report on Saturday.
RLJ traded up $0.42 during trading on Tuesday, reaching $16.20. The stock had a trading volume of 1,380,600 shares, compared to its average volume of 1,419,128. The stock has a market cap of $2.72 billion, a PE ratio of 7.17, a PEG ratio of 1.48 and a beta of 1.30. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.09 and a current ratio of 4.34. RLJ Lodging Trust has a one year low of $15.65 and a one year high of $23.31. The business has a 50-day moving average of $17.23 and a 200-day moving average of $18.02.
In other RLJ Lodging Trust news, Director Patricia L. Gibson purchased 10,000 shares of the business’s stock in a transaction on Tuesday, August 13th. The stock was acquired at an average cost of $16.37 per share, for a total transaction of $163,700.00. Following the completion of the transaction, the director now directly owns 38,508 shares in the company, valued at approximately $630,375.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Forgia Robert M. La purchased 5,000 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were acquired at an average price of $17.05 per share, with a total value of $85,250.00. Following the completion of the transaction, the director now owns 53,619 shares of the company’s stock, valued at $914,203.95. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 20,000 shares of company stock valued at $327,450. Company insiders own 1.70% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Citigroup Inc. boosted its holdings in shares of RLJ Lodging Trust by 17.2% during the first quarter. Citigroup Inc. now owns 138,062 shares of the real estate investment trust’s stock worth $2,426,000 after purchasing an additional 20,228 shares during the period. Financial Counselors Inc. boosted its holdings in shares of RLJ Lodging Trust by 13.4% during the first quarter. Financial Counselors Inc. now owns 211,088 shares of the real estate investment trust’s stock worth $3,709,000 after purchasing an additional 24,863 shares during the period. New York State Common Retirement Fund boosted its holdings in shares of RLJ Lodging Trust by 8.0% during the first quarter. New York State Common Retirement Fund now owns 386,291 shares of the real estate investment trust’s stock worth $6,787,000 after purchasing an additional 28,758 shares during the period. Norges Bank purchased a new stake in shares of RLJ Lodging Trust during the fourth quarter worth about $32,306,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of RLJ Lodging Trust by 14.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 99,291 shares of the real estate investment trust’s stock worth $1,761,000 after purchasing an additional 12,208 shares during the period. Institutional investors and hedge funds own 94.59% 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 consists of 150 hotels with approximately 28,600 rooms, located in 25 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.
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