The RLJ Lodging Trust (RLJ) Receives Average Rating of “Hold” from Brokerages

The RLJ Lodging Trust (RLJ) Receives Average Rating of “Hold” from Brokerages

RLJ Lodging Trust (NYSE:RLJ) has been given an average rating of “Hold” by the fourteen research firms that are covering the stock. Three research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $24.50.

A number of analysts have commented on RLJ shares. Zacks Investment Research lowered shares of RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research note on Thursday, October 20th. Janney Montgomery Scott started coverage on shares of RLJ Lodging Trust in a research note on Monday, September 26th. They set a “buy” rating and a $21.90 price target for the company. Canaccord Genuity restated a “hold” rating and set a $23.00 price target on shares of RLJ Lodging Trust in a research note on Wednesday, January 4th. Nomura started coverage on shares of RLJ Lodging Trust in a research note on Wednesday, December 14th. They set a “buy” rating and a $28.00 price target for the company. Finally, RBC Capital Markets restated a “buy” rating and set a $27.00 price target on shares of RLJ Lodging Trust in a research note on Tuesday, January 3rd.

In related news, CFO Leslie D. Hale sold 5,000 shares of the business’s stock in a transaction dated Monday, December 12th. The shares were sold at an average price of $25.00, for a total value of $125,000.00. Following the transaction, the chief financial officer now directly owns 328,730 shares of the company’s stock, valued at approximately $8,218,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.40% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of RLJ. FMR LLC increased its position in shares of RLJ Lodging Trust by 22.4% in the second quarter. FMR LLC now owns 8,221,724 shares of the real estate investment trust’s stock worth $176,356,000 after buying an additional 1,507,193 shares during the period. Lasalle Investment Management Securities LLC increased its position in shares of RLJ Lodging Trust by 19.8% in the third quarter. Lasalle Investment Management Securities LLC now owns 7,415,285 shares of the real estate investment trust’s stock worth $155,943,000 after buying an additional 1,227,543 shares during the period. Morgan Stanley increased its position in shares of RLJ Lodging Trust by 148.8% in the third quarter. Morgan Stanley now owns 1,481,378 shares of the real estate investment trust’s stock worth $31,153,000 after buying an additional 885,965 shares during the period. Prudential Financial Inc. increased its position in shares of RLJ Lodging Trust by 104.3% in the second quarter. Prudential Financial Inc. now owns 1,246,160 shares of the real estate investment trust’s stock worth $26,730,000 after buying an additional 636,100 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of RLJ Lodging Trust by 14.1% in the third quarter. JPMorgan Chase & Co. now owns 5,050,668 shares of the real estate investment trust’s stock worth $106,216,000 after buying an additional 623,251 shares during the period.

RLJ Lodging Trust (NYSE:RLJ) opened at 24.04 on Thursday. The stock has a 50 day moving average of $24.13 and a 200 day moving average of $22.52. RLJ Lodging Trust has a 12 month low of $17.16 and a 12 month high of $25.10. The company has a market capitalization of $2.97 billion, a price-to-earnings ratio of 15.13 and a beta of 1.16.

RLJ Lodging Trust (NYSE:RLJ) last announced its quarterly earnings results on Wednesday, November 2nd. The real estate investment trust reported $0.69 EPS for the quarter, missing the Zacks’ consensus estimate of $0.70 by $0.01. The business had revenue of $296.30 million for the quarter, compared to the consensus estimate of $297.13 million. RLJ Lodging Trust had a net margin of 17.07% and a return on equity of 9.15%. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.66 EPS. Equities analysts anticipate that RLJ Lodging Trust will post $1.21 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, January 13th. Investors of record on Friday, December 30th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.49%. The ex-dividend date was Wednesday, December 28th. RLJ Lodging Trust’s dividend payout ratio (DPR) is currently 83.02%.

About RLJ Lodging Trust

RLJ Lodging Trust is a real estate investment trust. The Company is engaged in the acquisition of focused-service and compact full-service hotels. The Company owns approximately 130 hotels with over 20,900 rooms, located in approximately 20 states and the District of Columbia, and an interest in a mortgage loan secured by a hotel.

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