LADENBURG THALM/SH SH Forecasts Strong Price Appreciation for RLJ Lodging Trust (NYSE:RLJ) Stock

RLJ Lodging Trust (NYSE:RLJ) had its target price boosted by analysts at LADENBURG THALM/SH SH from $12.00 to $13.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. LADENBURG THALM/SH SH’s price target would suggest a potential upside of 18.88% from the stock’s previous close.

A number of other research firms have also recently commented on RLJ. UBS Group set a $13.00 price target on shares of RLJ Lodging Trust in a report on Thursday, June 18th. Raymond James Financial cut shares of RLJ Lodging Trust from a “strong-buy” rating to an “outperform” rating and increased their price objective for the stock from $9.00 to $11.00 in a research report on Thursday, May 28th. Barclays raised their target price on RLJ Lodging Trust from $9.00 to $9.50 and gave the company an “underweight” rating in a research note on Tuesday, July 21st. Bank of America upped their price target on RLJ Lodging Trust from $9.25 to $10.50 and gave the stock an “underperform” rating in a research note on Monday, July 20th. Finally, Wells Fargo & Company boosted their price objective on RLJ Lodging Trust from $9.00 to $11.00 and gave the company an “underweight” rating in a report on Thursday, July 23rd. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $10.94.

RLJ Lodging Trust Stock Down 1.8%

Shares of RLJ Lodging Trust stock opened at $10.94 on Monday. RLJ Lodging Trust has a one year low of $6.54 and a one year high of $12.89. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.89 and a quick ratio of 2.89. The stock’s 50-day moving average is $11.52 and its 200 day moving average is $9.32. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 8.28 and a beta of 1.09.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of RLJ. Hsbc Holdings PLC raised its position in shares of RLJ Lodging Trust by 35.1% in the first quarter. Hsbc Holdings PLC now owns 319,926 shares of the real estate investment trust’s stock valued at $2,375,000 after purchasing an additional 83,086 shares during the period. Aegis Financial Corp lifted its stake in shares of RLJ Lodging Trust by 57.2% during the 1st quarter. Aegis Financial Corp now owns 1,999,425 shares of the real estate investment trust’s stock valued at $14,836,000 after buying an additional 727,608 shares in the last quarter. Donald Smith & CO. Inc. boosted its holdings in RLJ Lodging Trust by 23.1% in the 4th quarter. Donald Smith & CO. Inc. now owns 13,140,744 shares of the real estate investment trust’s stock worth $97,899,000 after buying an additional 2,463,189 shares during the period. Sei Investments Co. boosted its holdings in RLJ Lodging Trust by 122.5% in the 1st quarter. Sei Investments Co. now owns 251,168 shares of the real estate investment trust’s stock worth $1,864,000 after buying an additional 138,259 shares during the period. Finally, Fisher Asset Management LLC grew its stake in RLJ Lodging Trust by 3.1% in the 4th quarter. Fisher Asset Management LLC now owns 3,127,412 shares of the real estate investment trust’s stock valued at $23,299,000 after buying an additional 94,291 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-managed, publicly traded real estate investment trust (REIT) that acquires, owns and operates premium-branded, focused-service and compact full-service hotels. The company’s portfolio is concentrated in major U.S. markets, targeting properties that benefit from strong corporate and leisure demand, limited new supply and established brand affiliations.

The trust’s hotels are affiliated with leading global lodging brands across the spectrum of service levels, including lifestyle and upscale segments.