RLJ Lodging Trust (RLJ) Receives Consensus Rating of “Hold” from Brokerages

Shares of RLJ Lodging Trust (NYSE:RLJ) have been given a consensus rating of “Hold” by the fifteen brokerages that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $23.40.

A number of equities research analysts have issued reports on RLJ shares. Deutsche Bank started coverage on shares of RLJ Lodging Trust in a research note on Tuesday, September 19th. They set a “hold” rating and a $22.00 target price for the company. Zacks Investment Research lowered shares of RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, December 6th. SunTrust Banks started coverage on shares of RLJ Lodging Trust in a research note on Thursday, October 19th. They set a “hold” rating and a $22.00 target price for the company. Barclays started coverage on shares of RLJ Lodging Trust in a research note on Friday, October 6th. They set an “equal weight” rating and a $24.00 target price for the company. Finally, TheStreet lowered shares of RLJ Lodging Trust from a “b-” rating to a “c+” rating in a research note on Wednesday, November 8th.

RLJ Lodging Trust (RLJ) opened at $22.14 on Monday. The firm has a market cap of $3,870.00, a P/E ratio of 29.13, a price-to-earnings-growth ratio of 1.85 and a beta of 1.13. RLJ Lodging Trust has a 52-week low of $19.12 and a 52-week high of $24.60. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.06 and a current ratio of 2.06.

RLJ Lodging Trust (NYSE:RLJ) last issued its earnings results on Wednesday, November 8th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.02. The company had revenue of $341.26 million during the quarter, compared to analyst estimates of $347.74 million. RLJ Lodging Trust had a net margin of 12.30% and a return on equity of 5.80%. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter last year, the business posted $0.69 EPS. equities analysts anticipate that RLJ Lodging Trust will post 2.27 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 29th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 5.96%. The ex-dividend date was Thursday, December 28th. This is a positive change from RLJ Lodging Trust’s previous quarterly dividend of $0.22. RLJ Lodging Trust’s payout ratio is presently 173.68%.

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of RLJ Lodging Trust by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 20,084,086 shares of the real estate investment trust’s stock valued at $399,071,000 after purchasing an additional 300,010 shares during the last quarter. BlackRock Inc. raised its holdings in RLJ Lodging Trust by 7.5% in the 2nd quarter. BlackRock Inc. now owns 12,256,164 shares of the real estate investment trust’s stock worth $243,529,000 after acquiring an additional 856,636 shares during the period. State Street Corp raised its holdings in RLJ Lodging Trust by 2.4% in the 2nd quarter. State Street Corp now owns 4,831,260 shares of the real estate investment trust’s stock worth $96,267,000 after acquiring an additional 111,681 shares during the period. Northern Trust Corp raised its holdings in RLJ Lodging Trust by 7.5% in the 2nd quarter. Northern Trust Corp now owns 4,099,544 shares of the real estate investment trust’s stock worth $81,458,000 after acquiring an additional 286,760 shares during the period. Finally, Cohen & Steers Inc. bought a new position in RLJ Lodging Trust in the 3rd quarter worth $89,956,000. 94.38% of the stock is owned by institutional investors and hedge funds.

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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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