RLJ Lodging Trust (NYSE:RLJ) Downgraded by StockNews.com to “Sell”

RLJ Lodging Trust (NYSE:RLJ) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Monday.

A number of other research firms have also commented on RLJ. Oppenheimer raised their price objective on RLJ Lodging Trust from $14.00 to $15.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th. Wolfe Research began coverage on RLJ Lodging Trust in a research report on Wednesday, January 10th. They issued an “outperform” rating and a $15.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $13.90.

RLJ Lodging Trust Trading Down 0.9 %

Shares of RLJ Lodging Trust stock opened at $11.01 on Monday. RLJ Lodging Trust has a 52-week low of $9.06 and a 52-week high of $12.39. The stock has a market cap of $1.71 billion, a PE ratio of 34.39, a PEG ratio of 0.91 and a beta of 1.71. The firm has a 50-day moving average of $11.70 and a 200-day moving average of $11.22. The company has a debt-to-equity ratio of 1.12, a quick ratio of 3.46 and a current ratio of 3.46.

RLJ Lodging Trust (NYSE:RLJ) last posted its quarterly earnings data on Monday, February 26th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. RLJ Lodging Trust had a net margin of 5.76% and a return on equity of 3.79%. The firm had revenue of $319.70 million during the quarter, compared to the consensus estimate of $313.34 million. During the same quarter in the previous year, the firm posted $0.33 EPS. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, sell-side analysts forecast that RLJ Lodging Trust will post 1.55 EPS for the current year.

Hedge Funds Weigh In On RLJ Lodging Trust

A number of institutional investors have recently modified their holdings of the business. Hazelview Securities Inc. acquired a new stake in RLJ Lodging Trust in the first quarter valued at about $82,000. Beverly Hills Private Wealth LLC bought a new stake in shares of RLJ Lodging Trust during the 3rd quarter valued at approximately $98,000. Metis Global Partners LLC acquired a new position in RLJ Lodging Trust during the 4th quarter worth approximately $122,000. Stevens Capital Management LP acquired a new position in RLJ Lodging Trust during the 4th quarter worth approximately $128,000. Finally, New York State Teachers Retirement System bought a new position in RLJ Lodging Trust in the 3rd quarter valued at approximately $138,000. Institutional investors and hedge funds own 92.35% of the company’s stock.

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.