RLJ Lodging Trust (RLJ) Downgraded by TheStreet
A number of other research analysts have also recently commented on the stock. Robert W. Baird set a $23.00 price target on shares of RLJ Lodging Trust and gave the stock a hold rating in a research note on Sunday, October 29th. SunTrust Banks, Inc. assumed coverage on shares of RLJ Lodging Trust in a research note on Thursday, October 19th. They set a hold rating and a $22.00 price target for the company. Barclays PLC assumed coverage on shares of RLJ Lodging Trust in a research note on Friday, October 6th. They set an equal weight rating and a $24.00 price target for the company. ValuEngine upgraded shares of RLJ Lodging Trust from a hold rating to a buy rating in a research note on Monday, October 2nd. Finally, Deutsche Bank AG assumed coverage on shares of RLJ Lodging Trust in a research note on Tuesday, September 19th. They set a hold rating and a $22.00 price target for the company. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $24.00.
RLJ Lodging Trust (NYSE RLJ) opened at $21.17 on Wednesday. The company has a market cap of $3,700.00, a PE ratio of 8.63, a price-to-earnings-growth ratio of 1.90 and a beta of 1.14. The company has a debt-to-equity ratio of 0.71, a quick ratio of 4.39 and a current ratio of 4.39. RLJ Lodging Trust has a one year low of $19.12 and a one year high of $25.10.
RLJ Lodging Trust (NYSE:RLJ) last announced its quarterly earnings results on Wednesday, November 8th. The real estate investment trust reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.02. The firm had revenue of $341.26 million during the quarter, compared to analysts’ expectations of $347.74 million. RLJ Lodging Trust had a net margin of 16.12% and a return on equity of 8.16%. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.69 earnings per share. equities analysts expect that RLJ Lodging Trust will post 2.29 EPS for the current year.
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The company also recently announced a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date was Thursday, September 28th. RLJ Lodging Trust’s dividend payout ratio (DPR) is currently 40.74%.
In other news, Director Nathaniel A. Davis sold 10,000 shares of RLJ Lodging Trust stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $20.11, for a total value of $201,100.00. Following the completion of the transaction, the director now owns 72,928 shares in the company, valued at $1,466,582.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Forgia Robert M. La bought 5,000 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was purchased at an average price of $19.73 per share, with a total value of $98,650.00. Following the purchase, the director now directly owns 37,528 shares of the company’s stock, valued at approximately $740,427.44. The disclosure for this purchase can be found here. Insiders own 2.30% of the company’s stock.
Several institutional investors have recently modified their holdings of RLJ. Ffcm LLC increased its holdings in shares of RLJ Lodging Trust by 1,105.3% in the third quarter. Ffcm LLC now owns 5,496 shares of the real estate investment trust’s stock valued at $121,000 after purchasing an additional 5,040 shares in the last quarter. Paragon Capital Management Ltd acquired a new stake in shares of RLJ Lodging Trust in the second quarter valued at approximately $208,000. Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of RLJ Lodging Trust in the second quarter valued at approximately $214,000. Denver Investment Advisors LLC increased its holdings in shares of RLJ Lodging Trust by 0.9% in the second quarter. Denver Investment Advisors LLC now owns 11,000 shares of the real estate investment trust’s stock valued at $219,000 after purchasing an additional 100 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in shares of RLJ Lodging Trust by 13.1% in the second quarter. Daiwa Securities Group Inc. now owns 11,200 shares of the real estate investment trust’s stock valued at $223,000 after purchasing an additional 1,300 shares in the last quarter.
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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