RLJ Lodging Trust (NYSE:RLJ) Stock Rating Lowered by StockNews.com

RLJ Lodging Trust (NYSE:RLJ) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

Several other brokerages also recently commented on RLJ. Truist Financial reduced their target price on shares of RLJ Lodging Trust from $14.00 to $11.00 and set a “buy” rating for the company in a report on Monday, October 28th. Wells Fargo & Company boosted their price objective on shares of RLJ Lodging Trust from $10.00 to $10.50 and gave the company an “underweight” rating in a report on Monday, December 9th. Wolfe Research downgraded shares of RLJ Lodging Trust from an “outperform” rating to a “peer perform” rating in a report on Thursday, September 26th. Finally, Oppenheimer boosted their target price on shares of RLJ Lodging Trust from $11.00 to $12.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $10.92.

RLJ Lodging Trust Stock Up 1.5 %

Shares of RLJ stock opened at $9.83 on Thursday. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 1.14. RLJ Lodging Trust has a 1 year low of $8.74 and a 1 year high of $12.39. The firm’s fifty day moving average price is $10.01 and its two-hundred day moving average price is $9.56. The firm has a market capitalization of $1.51 billion, a P/E ratio of 33.90, a PEG ratio of 2.31 and a beta of 1.70.

RLJ Lodging Trust (NYSE:RLJ) last issued its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.23). The business had revenue of $345.74 million during the quarter, compared to analyst estimates of $342.93 million. RLJ Lodging Trust had a net margin of 5.19% and a return on equity of 3.58%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.40 earnings per share. On average, equities analysts predict that RLJ Lodging Trust will post 1.34 EPS for the current fiscal year.

Institutional Investors Weigh In On RLJ Lodging Trust

A number of institutional investors have recently modified their holdings of the company. Quarry LP boosted its stake in RLJ Lodging Trust by 197.3% during the second quarter. Quarry LP now owns 5,465 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 3,627 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in RLJ Lodging Trust by 34.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,051 shares of the real estate investment trust’s stock worth $57,000 after acquiring an additional 1,564 shares in the last quarter. Ground Swell Capital LLC bought a new position in RLJ Lodging Trust during the third quarter worth $93,000. Aigen Investment Management LP bought a new position in RLJ Lodging Trust during the third quarter worth $107,000. Finally, Metis Global Partners LLC boosted its stake in RLJ Lodging Trust by 31.0% during the third quarter. Metis Global Partners LLC now owns 15,798 shares of the real estate investment trust’s stock worth $145,000 after acquiring an additional 3,738 shares in the last quarter. 92.35% of the stock is owned by institutional investors.

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.