RLJ Lodging Trust (RLJ) Receives News Sentiment Score of 0.33
News articles about RLJ Lodging Trust (NYSE:RLJ) have trended positive this week, AlphaOne Sentiment Analysis reports. The research firm, a service of Accern, identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. RLJ Lodging Trust earned a news impact score of 0.33 on AlphaOne’s scale. AlphaOne also gave headlines about the real estate investment trust an impact score of 60 out of 100, indicating that recent press coverage is somewhat likely to have an impact on the company’s share price in the next few days.
Several research firms have recently issued reports on RLJ. ValuEngine upgraded RLJ Lodging Trust from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Boenning Scattergood reiterated an “underperform” rating and set a $21.00 price target on shares of RLJ Lodging Trust in a research note on Tuesday, April 18th. Zacks Investment Research upgraded RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research note on Friday, March 3rd. Finally, Barclays PLC set a $23.00 price target on RLJ Lodging Trust and gave the stock a “sell” rating in a research note on Tuesday, February 14th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $24.78.
Shares of RLJ Lodging Trust (NYSE:RLJ) traded up 1.17% during mid-day trading on Wednesday, reaching $20.69. The company had a trading volume of 1,410,039 shares. The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of 13.09 and a beta of 1.14. RLJ Lodging Trust has a 12 month low of $18.92 and a 12 month high of $25.10. The firm’s 50-day moving average is $21.88 and its 200 day moving average is $22.89.
RLJ Lodging Trust (NYSE:RLJ) last posted its quarterly earnings results on Monday, May 8th. The real estate investment trust reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.02. RLJ Lodging Trust had a return on equity of 9.15% and a net margin of 17.07%. The business had revenue of $260.20 million during the quarter, compared to analysts’ expectations of $263.57 million. During the same quarter last year, the company posted $0.57 earnings per share. RLJ Lodging Trust’s quarterly revenue was down 5.4% on a year-over-year basis. On average, equities research analysts predict that RLJ Lodging Trust will post $1.11 earnings per share for the current year.
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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.
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