RLJ Lodging Trust (NYSE:RLJ) Receives $11.71 Average Price Target from Analysts

Shares of RLJ Lodging Trust (NYSE:RLJ) have received a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $11.71.

Several research analysts have recently issued reports on the stock. Compass Point lowered shares of RLJ Lodging Trust from a “buy” rating to a “neutral” rating and reduced their target price for the company from $18.00 to $10.00 in a research note on Monday, August 5th. Truist Financial reduced their price objective on shares of RLJ Lodging Trust from $14.00 to $11.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. StockNews.com cut shares of RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research report on Wednesday. Bank of America reduced their price target on RLJ Lodging Trust from $12.00 to $10.00 and set an “underperform” rating on the stock in a research report on Monday, July 22nd. Finally, Wolfe Research downgraded RLJ Lodging Trust from an “outperform” rating to a “peer perform” rating in a report on Thursday, September 26th.

Institutional Trading of RLJ Lodging Trust

A number of large investors have recently made changes to their positions in the company. Donald Smith & CO. Inc. grew its stake in RLJ Lodging Trust by 131.1% in the second quarter. Donald Smith & CO. Inc. now owns 3,311,274 shares of the real estate investment trust’s stock valued at $31,888,000 after acquiring an additional 1,878,616 shares during the period. Vanguard Group Inc. grew its position in shares of RLJ Lodging Trust by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 25,236,820 shares of the real estate investment trust’s stock valued at $298,299,000 after purchasing an additional 420,428 shares during the period. Lighthouse Investment Partners LLC grew its position in shares of RLJ Lodging Trust by 50.9% in the 2nd quarter. Lighthouse Investment Partners LLC now owns 860,000 shares of the real estate investment trust’s stock valued at $8,282,000 after purchasing an additional 290,000 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in RLJ Lodging Trust by 17.6% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,554,388 shares of the real estate investment trust’s stock worth $18,373,000 after purchasing an additional 232,091 shares in the last quarter. Finally, LSV Asset Management raised its holdings in RLJ Lodging Trust by 9.8% during the 2nd quarter. LSV Asset Management now owns 1,699,595 shares of the real estate investment trust’s stock worth $16,367,000 after buying an additional 152,395 shares during the period. Institutional investors own 92.35% of the company’s stock.

RLJ Lodging Trust Trading Up 1.6 %

Shares of RLJ opened at $9.49 on Tuesday. The stock’s fifty day simple moving average is $9.23 and its 200-day simple moving average is $9.61. The firm has a market capitalization of $1.47 billion, a PE ratio of 36.50, a price-to-earnings-growth ratio of 0.84 and a beta of 1.70. RLJ Lodging Trust has a 12-month low of $8.74 and a 12-month high of $12.39. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 1.12.

RLJ Lodging Trust Company Profile

RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust that owns primarily premium-branded, high-margin, focused-service and compact full-service hotels. The Company's portfolio currently consists of 96 hotels with approximately 21,200 rooms, located in 23 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.