RLJ Lodging Trust (RLJ) Receiving Somewhat Favorable Press Coverage, Report Finds

RLJ Lodging Trust (RLJ) Receiving Somewhat Favorable Press Coverage, Report Finds

RLJ Lodging Trust (RLJ) traded up 0.34% during trading on Tuesday, hitting $20.58. The stock had a trading volume of 1,658,759 shares. RLJ Lodging Trust has a one year low of $18.92 and a one year high of $25.10. The firm has a 50 day moving average of $21.67 and a 200-day moving average of $22.86. The company has a market cap of $2.55 billion, a P/E ratio of 13.03 and a beta of 1.14.

Headlines about RLJ Lodging Trust (NYSE:RLJ) have been trending somewhat positive on Tuesday, Alpha One Sentiment Analysis reports. Alpha One, a unit of Accern, identifies positive and negative media coverage by analyzing more than twenty million news and blog sources. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. RLJ Lodging Trust earned a coverage optimism score of 0.25 on Alpha One’s scale. Alpha One also gave headlines about the real estate investment trust an impact score of 46 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

RLJ Lodging Trust (NYSE:RLJ) last released its quarterly earnings data on Monday, May 8th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.02. The business had revenue of $260.20 million during the quarter, compared to analysts’ expectations of $263.57 million. RLJ Lodging Trust had a return on equity of 9.15% and a net margin of 17.07%. The business’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.57 EPS. Equities analysts anticipate that RLJ Lodging Trust will post $1.11 earnings per share for the current fiscal year.

RLJ has been the topic of a number of recent research reports. Barclays PLC set a $23.00 price target on RLJ Lodging Trust and gave the stock a “sell” rating in a research report on Tuesday, February 14th. Zacks Investment Research raised RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research report on Saturday, February 25th. Boenning Scattergood reissued an “underperform” rating and set a $21.00 price target on shares of RLJ Lodging Trust in a research report on Tuesday, April 18th. Finally, ValuEngine raised RLJ Lodging Trust from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 20th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $24.78.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “RLJ”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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