RLJ Lodging Trust Given Average Rating of “Buy” by Analysts (NYSE:RLJ)
Shares of RLJ Lodging Trust (NYSE:RLJ) have been given an average recommendation of “Buy” by the ten analysts that are presently covering the company, AmericanBankingNews.com reports. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $29.91.
RLJ Lodging Trust (NYSE:RLJ) traded up 0.07% during mid-day trading on Tuesday, hitting $29.11. The stock had a trading volume of 83,495 shares. RLJ Lodging Trust has a 52-week low of $22.56 and a 52-week high of $29.36. The stock has a 50-day moving average of $28.69 and a 200-day moving average of $26.80. The company has a market cap of $3.545 billion and a price-to-earnings ratio of 30.78.
RLJ Lodging Trust (NYSE:RLJ) last announced its earnings results on Wednesday, May 7th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.30. The company had revenue of $236.40 million for the quarter, compared to the consensus estimate of $232.17 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. On average, analysts predict that RLJ Lodging Trust will post $1.11 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Robert W. Baird raised their price target on shares of RLJ Lodging Trust from $30.00 to $32.00 in a research note on Wednesday, July 23rd. Separately, analysts at Barclays raised their price target on shares of RLJ Lodging Trust from $30.00 to $31.00 in a research note on Tuesday, July 22nd. They now have an “overweight” rating on the stock. Finally, analysts at Zacks downgraded shares of RLJ Lodging Trust from an “outperform” rating to a “neutral” rating in a research note on Friday, June 20th. They now have a $30.70 price target on the stock.
RLJ Lodging Trust (NYSE:RLJ), is a real estate investment trust (REIT).
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