RLJ Lodging Trust (RLJ) Receives Buy Rating from Robert W. Baird

Robert W. Baird reissued their buy rating on shares of RLJ Lodging Trust (NYSE:RLJ) in a research report sent to investors on Friday. They currently have a $24.00 target price on the real estate investment trust’s stock.

Several other analysts also recently weighed in on the company. Zacks Investment Research downgraded RLJ Lodging Trust from a hold rating to a sell rating in a research note on Thursday, November 22nd. Wells Fargo & Co reaffirmed a hold rating on shares of RLJ Lodging Trust in a research note on Wednesday, November 14th. Deutsche Bank set a $22.00 target price on RLJ Lodging Trust and gave the company a hold rating in a research note on Thursday, November 8th. Bank of America dropped their price objective on RLJ Lodging Trust from $25.00 to $24.00 and set a neutral rating on the stock in a research note on Thursday, October 4th. Finally, TheStreet raised RLJ Lodging Trust from a c+ rating to a b- rating in a research note on Tuesday, September 25th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $22.83.

RLJ Lodging Trust stock traded up $0.14 during mid-day trading on Friday, hitting $20.34. 1,263,721 shares of the company’s stock traded hands, compared to its average volume of 1,045,178. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.76 and a quick ratio of 2.76. The company has a market capitalization of $3.54 billion, a P/E ratio of 8.48, a PEG ratio of 1.83 and a beta of 1.14. RLJ Lodging Trust has a one year low of $18.67 and a one year high of $23.97.

RLJ Lodging Trust (NYSE:RLJ) last announced its earnings results on Tuesday, November 6th. The real estate investment trust reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.17). The business had revenue of $447.00 million for the quarter, compared to the consensus estimate of $450.68 million. RLJ Lodging Trust had a net margin of 9.23% and a return on equity of 5.34%. The firm’s revenue was up 31.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.61 EPS. On average, research analysts expect that RLJ Lodging Trust will post 2.2 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of RLJ. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of RLJ Lodging Trust by 3.2% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 176,380 shares of the real estate investment trust’s stock worth $3,889,000 after buying an additional 5,488 shares in the last quarter. Comerica Bank grew its holdings in shares of RLJ Lodging Trust by 2.1% in the 2nd quarter. Comerica Bank now owns 110,178 shares of the real estate investment trust’s stock worth $2,478,000 after acquiring an additional 2,261 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of RLJ Lodging Trust by 4.2% in the 2nd quarter. First Trust Advisors LP now owns 137,758 shares of the real estate investment trust’s stock worth $3,038,000 after acquiring an additional 5,605 shares during the last quarter. Duff & Phelps Investment Management Co. grew its holdings in shares of RLJ Lodging Trust by 21.6% in the 2nd quarter. Duff & Phelps Investment Management Co. now owns 2,124,068 shares of the real estate investment trust’s stock worth $46,836,000 after acquiring an additional 376,600 shares during the last quarter. Finally, State of Wisconsin Investment Board acquired a new position in shares of RLJ Lodging Trust in the 2nd quarter worth $8,269,000. 99.83% of the stock is currently owned by institutional investors.

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 consists of 154 hotels with approximately 30,000 rooms located in 26 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.

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Analyst Recommendations for RLJ Lodging Trust (NYSE:RLJ)

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