Insider Selling: Leslie Hale Sells 15,000 Shares of RLJ Lodging Trust Stock (RLJ)
RLJ Lodging Trust (NYSE:RLJ) CFO Leslie Hale sold 15,000 shares of RLJ Lodging Trust stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $23.12, for a total value of $346,800.00. Following the completion of the transaction, the chief financial officer now directly owns 209,262 shares in the company. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at RBC Capital raised their price target on shares of RLJ Lodging Trust (NYSE:RLJ) from $25.00 to $26.00 in a research note to investors on Friday, August 9th. They now have an “outperform” rating on the stock. Separately, analysts at BMO Capital Markets initiated coverage on shares of RLJ Lodging Trust (NYSE:RLJ) in a research note to investors on Wednesday, June 26th. They set a “market perform” rating and a $23.00 price target on the stock. Finally, analysts at KeyCorp upgraded shares of RLJ Lodging Trust (NYSE:RLJ) from a “hold” rating to a “buy” rating in a research note to investors on Thursday, June 13th.
One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $25.20.
RLJ Lodging Trust (NYSE:RLJ) traded up 0.73% on Tuesday, hitting $23.49. The stock had a trading volume of 290,230 shares. RLJ Lodging Trust has a 52-week low of $16.86 and a 52-week high of $24.70. The stock’s 50-day moving average is $23. and its 200-day moving average is $22.93. The company has a market cap of $2.855 billion and a price-to-earnings ratio of 33.27.
RLJ Lodging Trust (NYSE:RLJ) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.61 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.29 by $0.32. The company had revenue of $261.60 million for the quarter, compared to the consensus estimate of $256.50 million. During the same quarter last year, the company posted $0.52 earnings per share. RLJ Lodging Trust’s revenue was up 17.4% compared to the same quarter last year. Analysts expect that RLJ Lodging Trust will post $1.00 EPS for the current fiscal year.
RLJ Lodging Trust (NYSE:RLJ) is a real estate investment trust (REIT).
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