RLJ Lodging Trust (RLJ) Receives $22.33 Average Target Price from Analysts
RLJ Lodging Trust (NYSE:RLJ) has been given a consensus rating of “Hold” by the ten brokerages that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $22.33.
RLJ has been the topic of a number of research reports. Zacks Investment Research upgraded RLJ Lodging Trust from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th. Wells Fargo & Co reiterated a “hold” rating on shares of RLJ Lodging Trust in a report on Friday, January 25th. Finally, Barclays set a $22.00 target price on RLJ Lodging Trust and gave the stock a “buy” rating in a report on Tuesday, March 5th.
Shares of RLJ Lodging Trust stock traded down $0.03 during trading on Wednesday, reaching $18.42. The stock had a trading volume of 1,597,800 shares, compared to its average volume of 1,618,050. The firm has a market cap of $3.20 billion, a price-to-earnings ratio of 8.15, a price-to-earnings-growth ratio of 1.69 and a beta of 1.37. RLJ Lodging Trust has a 52 week low of $15.91 and a 52 week high of $23.97. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.17 and a quick ratio of 2.17.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Karp Capital Management Corp bought a new stake in RLJ Lodging Trust during the fourth quarter worth about $28,000. Bessemer Group Inc. bought a new stake in RLJ Lodging Trust during the fourth quarter worth about $48,000. Paradigm Asset Management Co. LLC bought a new stake in RLJ Lodging Trust during the third quarter worth about $106,000. Enlightenment Research LLC bought a new stake in RLJ Lodging Trust during the fourth quarter worth about $85,000. Finally, Panagora Asset Management Inc. increased its position in RLJ Lodging Trust by 56.8% during the third quarter. Panagora Asset Management Inc. now owns 9,472 shares of the real estate investment trust’s stock worth $209,000 after buying an additional 3,431 shares during the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.
RLJ Lodging Trust Company Profile
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 consists of 150 hotels with approximately 28,600 rooms, located in 25 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.
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