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

RLJ Lodging Trust (NYSE:RLJ – Get Rating) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a report released on Sunday.

Separately, KeyCorp lowered their target price on shares of RLJ Lodging Trust from $16.00 to $14.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $15.79.

RLJ Lodging Trust Stock Down 4.3 %

RLJ Lodging Trust stock opened at $10.03 on Friday. The firm has a fifty day moving average price of $11.54 and a two-hundred day moving average price of $11.41. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 100.31 and a beta of 1.78. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.29 and a quick ratio of 3.29. RLJ Lodging Trust has a fifty-two week low of $9.84 and a fifty-two week high of $14.78.

RLJ Lodging Trust (NYSE:RLJ – Get Rating) last announced its quarterly earnings data on Monday, February 27th. The real estate investment trust reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. The business had revenue of $302.20 million during the quarter, compared to analyst estimates of $304.99 million. RLJ Lodging Trust had a net margin of 3.51% and a return on equity of 2.04%. The firm’s revenue for the quarter was up 26.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.14 earnings per share. As a group, analysts forecast that RLJ Lodging Trust will post 1.59 earnings per share for the current year.

Institutional Trading of RLJ Lodging Trust

Several large investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue grew its stake in RLJ Lodging Trust by 1.2% during the fourth quarter. State of Alaska Department of Revenue now owns 80,687 shares of the real estate investment trust’s stock worth $854,000 after buying an additional 930 shares during the last quarter. AQR Capital Management LLC grew its stake in RLJ Lodging Trust by 1.2% during the second quarter. AQR Capital Management LLC now owns 97,227 shares of the real estate investment trust’s stock worth $1,072,000 after buying an additional 1,165 shares during the last quarter. Inspire Investing LLC grew its stake in RLJ Lodging Trust by 7.4% during the fourth quarter. Inspire Investing LLC now owns 22,259 shares of the real estate investment trust’s stock worth $236,000 after buying an additional 1,527 shares during the last quarter. Barclays PLC grew its stake in shares of RLJ Lodging Trust by 0.3% during the third quarter. Barclays PLC now owns 565,704 shares of the real estate investment trust’s stock valued at $5,726,000 after purchasing an additional 1,913 shares during the last quarter. Finally, New York State Common Retirement Fund grew its stake in shares of RLJ Lodging Trust by 0.3% during the fourth quarter. New York State Common Retirement Fund now owns 741,953 shares of the real estate investment trust’s stock valued at $7,857,000 after purchasing an additional 2,157 shares during the last quarter. 88.89% of the stock is owned by institutional investors.

RLJ Lodging Trust Company Profile

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RLJ Lodging Trust is a real estate investment trust, which engages in the ownership and acquisition of hotels. It operates through the following hotel brands: Embassy Suites, Marriott, Hilton, Hyatt House, Hyatt Place, Hilton Garden Inn, Wyndham, Renaissance, Fairfield Inn & Suites, Holiday Inn Express, Sleep Inn, Hampton Inn, Hotel Indigo, IHG, SpringHill Suites, Hyatt Centric, and Homewood Suites.