RLJ Lodging Trust (NYSE:RLJ) Director Patricia L. Gibson bought 1,000 shares of RLJ Lodging Trust stock in a transaction that occurred on Tuesday, March 6th. The shares were bought at an average cost of $19.40 per share, with a total value of $19,400.00. Following the acquisition, the director now directly owns 14,565 shares in the company, valued at approximately $282,561. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.
RLJ Lodging Trust (NYSE RLJ) traded up $0.01 during midday trading on Monday, reaching $19.94. 1,002,869 shares of the company’s stock were exchanged, compared to its average volume of 1,370,000. The company has a quick ratio of 3.06, a current ratio of 3.06 and a debt-to-equity ratio of 0.91. The company has a market cap of $3,490.00, a P/E ratio of 30.21, a P/E/G ratio of 1.67 and a beta of 1.20. RLJ Lodging Trust has a 52-week low of $19.07 and a 52-week high of $23.98.
RLJ Lodging Trust (NYSE:RLJ) last posted its quarterly earnings data on Tuesday, February 27th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.08. The firm had revenue of $462.49 million during the quarter, compared to the consensus estimate of $442.14 million. RLJ Lodging Trust had a net margin of 5.52% and a return on equity of 2.77%. research analysts forecast that RLJ Lodging Trust will post 2.38 earnings per share for the current fiscal year.
Several brokerages recently commented on RLJ. SunTrust Banks reaffirmed a “hold” rating on shares of RLJ Lodging Trust in a report on Friday, March 2nd. Barclays reduced their target price on shares of RLJ Lodging Trust from $24.00 to $23.00 and set an “underweight” rating for the company in a report on Wednesday, March 7th. Boenning Scattergood set a $20.00 target price on shares of RLJ Lodging Trust and gave the stock a “sell” rating in a report on Thursday, March 1st. Zacks Investment Research downgraded shares of RLJ Lodging Trust from a “hold” rating to a “sell” rating in a report on Wednesday, December 6th. Finally, ValuEngine downgraded shares of RLJ Lodging Trust from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. RLJ Lodging Trust presently has an average rating of “Hold” and a consensus price target of $23.27.
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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.
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