Robert W. Baird Reaffirms “Hold” Rating for RLJ Lodging Trust (RLJ)

Robert W. Baird restated their hold rating on shares of RLJ Lodging Trust (NYSE:RLJ) in a research report released on Thursday.

Other analysts also recently issued reports about the company. Canaccord Genuity upgraded RLJ Lodging Trust from a hold rating to a buy rating and boosted their target price for the stock from $21.00 to $23.00 in a research report on Friday, September 8th. ValuEngine upgraded RLJ Lodging Trust from a hold rating to a buy rating in a research report on Monday, October 2nd. TheStreet downgraded RLJ Lodging Trust from a b- rating to a c+ rating in a research report on Wednesday, November 8th. Barclays started coverage on RLJ Lodging Trust in a research report on Friday, October 6th. They set an equal weight rating and a $24.00 target price on the stock. Finally, SunTrust Banks started coverage on RLJ Lodging Trust in a research report on Thursday, October 19th. They set a hold rating and a $22.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. RLJ Lodging Trust currently has an average rating of Hold and an average price target of $23.36.

Shares of RLJ Lodging Trust (NYSE RLJ) traded up $0.05 during mid-day trading on Thursday, reaching $22.43. The company had a trading volume of 1,242,687 shares, compared to its average volume of 1,465,264. RLJ Lodging Trust has a 52-week low of $19.12 and a 52-week high of $25.01. The firm has a market capitalization of $3,914.49, a price-to-earnings ratio of 19.85, a PEG ratio of 1.97 and a beta of 1.13. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.06 and a quick ratio of 2.06.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be given a $0.33 dividend. This is an increase from RLJ Lodging Trust’s previous quarterly dividend of $0.22. This represents a $1.32 annualized dividend and a dividend yield of 5.88%. The ex-dividend date is Thursday, December 28th. RLJ Lodging Trust’s dividend payout ratio is currently 38.94%.

Several large investors have recently modified their holdings of RLJ. Cohen & Steers Inc. purchased a new stake in shares of RLJ Lodging Trust in the third quarter valued at $89,956,000. Land & Buildings Investment Management LLC purchased a new stake in shares of RLJ Lodging Trust in the third quarter valued at $77,072,000. AJO LP lifted its position in shares of RLJ Lodging Trust by 108.8% in the second quarter. AJO LP now owns 3,814,317 shares of the real estate investment trust’s stock valued at $75,790,000 after acquiring an additional 1,987,760 shares in the last quarter. APG Asset Management US Inc. purchased a new stake in shares of RLJ Lodging Trust in the third quarter valued at $40,768,000. Finally, Citadel Advisors LLC lifted its position in shares of RLJ Lodging Trust by 128.7% in the third quarter. Citadel Advisors LLC now owns 3,006,051 shares of the real estate investment trust’s stock valued at $66,133,000 after acquiring an additional 1,691,905 shares in the last quarter. Institutional investors and hedge funds own 94.38% of the company’s stock.

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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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