RLJ Lodging Trust (NYSE:RLJ) has been given a $20.00 price target by research analysts at Boenning Scattergood in a note issued to investors on Tuesday. The brokerage presently has a “sell” rating on the real estate investment trust’s stock. Boenning Scattergood’s target price suggests a potential downside of 5.79% from the stock’s current price.

Several other equities analysts have also commented on the stock. ValuEngine raised shares of RLJ Lodging Trust from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 20th. BidaskClub lowered shares of RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Zacks Investment Research lowered shares of RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, Janney Montgomery Scott reissued a “buy” rating and set a $28.00 price target (up from $26.00) on shares of RLJ Lodging Trust in a research report on Monday, June 5th. Four analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $25.13.

Shares of RLJ Lodging Trust (NYSE RLJ) traded down 2.12% on Tuesday, reaching $20.78. 2,786,597 shares of the company’s stock traded hands. The company has a market cap of $2.57 billion, a PE ratio of 13.15 and a beta of 1.15. RLJ Lodging Trust has a 12-month low of $18.92 and a 12-month high of $25.10. The stock has a 50-day moving average price of $20.60 and a 200-day moving average price of $22.59.

RLJ Lodging Trust (NYSE:RLJ) last released its quarterly earnings results on Monday, May 8th. The real estate investment trust reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.02. The business had revenue of $260.20 million during the quarter, compared to analyst estimates of $263.57 million. RLJ Lodging Trust had a net margin of 17.19% and a return on equity of 8.95%. The company’s quarterly revenue was down 5.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.57 earnings per share. Equities research analysts anticipate that RLJ Lodging Trust will post $1.09 EPS for the current fiscal year.

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Large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of RLJ Lodging Trust by 2.5% in the first quarter. Vanguard Group Inc. now owns 19,784,076 shares of the real estate investment trust’s stock worth $465,123,000 after buying an additional 491,109 shares during the last quarter. BlackRock Inc. boosted its stake in shares of RLJ Lodging Trust by 4,829.7% in the first quarter. BlackRock Inc. now owns 11,399,528 shares of the real estate investment trust’s stock worth $268,005,000 after buying an additional 11,168,284 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of RLJ Lodging Trust by 4.2% in the first quarter. JPMorgan Chase & Co. now owns 5,412,004 shares of the real estate investment trust’s stock worth $127,236,000 after buying an additional 217,204 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of RLJ Lodging Trust by 51.5% in the first quarter. Bank of New York Mellon Corp now owns 2,944,846 shares of the real estate investment trust’s stock worth $69,233,000 after buying an additional 1,001,632 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its stake in shares of RLJ Lodging Trust by 12.6% in the second quarter. Fisher Asset Management LLC now owns 2,926,960 shares of the real estate investment trust’s stock worth $58,159,000 after buying an additional 326,673 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for RLJ Lodging Trust (NYSE:RLJ)

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