Equities researchers at Bank of America Corporation started coverage on shares of RLJ Lodging Trust (NYSE:RLJ) in a note issued to investors on Monday. The firm set a “neutral” rating on the real estate investment trust’s stock.

Other equities research analysts have also issued research reports about the company. Canaccord Genuity restated a “hold” rating and set a $21.00 price target on shares of RLJ Lodging Trust in a research note on Monday, August 7th. Boenning Scattergood set a $20.00 price target on RLJ Lodging Trust and gave the stock a “sell” rating in a research note on Monday, August 7th. Royal Bank Of Canada restated a “buy” rating and set a $25.00 price target on shares of RLJ Lodging Trust in a research note on Friday, August 4th. Zacks Investment Research lowered RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Finally, BidaskClub lowered RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $24.71.

RLJ Lodging Trust (RLJ) traded up 1.56% during mid-day trading on Monday, hitting $20.20. 157,003 shares of the stock traded hands. The company’s 50 day moving average price is $20.39 and its 200-day moving average price is $21.79. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 13.93 and a beta of 1.16. RLJ Lodging Trust has a 1-year low of $18.92 and a 1-year high of $25.10.

RLJ Lodging Trust (NYSE:RLJ) last announced its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.71 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.03. The business had revenue of $292.28 million during the quarter, compared to the consensus estimate of $293.16 million. RLJ Lodging Trust had a net margin of 16.12% and a return on equity of 8.16%. The firm’s revenue was down 7.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.82 earnings per share. Analysts predict that RLJ Lodging Trust will post $1.03 earnings per share for the current year.

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A number of large investors have recently modified their holdings of the stock. Bronfman E.L. Rothschild L.P. raised its stake in shares of RLJ Lodging Trust by 385.1% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 4,657 shares of the real estate investment trust’s stock worth $109,000 after buying an additional 3,697 shares in the last quarter. James Investment Research Inc. purchased a new stake in shares of RLJ Lodging Trust during the first quarter worth approximately $144,000. SG Americas Securities LLC raised its stake in shares of RLJ Lodging Trust by 8.0% in the first quarter. SG Americas Securities LLC now owns 8,332 shares of the real estate investment trust’s stock worth $196,000 after buying an additional 615 shares in the last quarter. Paragon Capital Management Ltd purchased a new stake in shares of RLJ Lodging Trust during the second quarter worth approximately $208,000. Finally, Denver Investment Advisors LLC raised its stake in shares of RLJ Lodging Trust by 0.9% in the second quarter. Denver Investment Advisors LLC now owns 11,000 shares of the real estate investment trust’s stock worth $219,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 99.88% of the company’s stock.

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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