RLJ Lodging Trust (RLJ) Receives $23.30 Consensus Target Price from Brokerages

Shares of RLJ Lodging Trust (NYSE:RLJ) have received an average recommendation of “Hold” from the fifteen analysts that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $23.30.

A number of research analysts have issued reports on RLJ shares. ValuEngine downgraded shares of RLJ Lodging Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. Deutsche Bank boosted their price objective on shares of RLJ Lodging Trust from $22.00 to $23.00 and gave the company a “hold” rating in a research report on Friday, February 9th. SunTrust Banks reissued a “hold” rating on shares of RLJ Lodging Trust in a research report on Friday, March 2nd. Robert W. Baird set a $22.00 price objective on shares of RLJ Lodging Trust and gave the company a “hold” rating in a research report on Thursday, March 1st. Finally, Zacks Investment Research raised shares of RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, March 20th.

Shares of NYSE RLJ traded up $0.10 during mid-day trading on Friday, hitting $23.10. The stock had a trading volume of 700,700 shares, compared to its average volume of 1,430,422. The company has a quick ratio of 2.79, a current ratio of 2.79 and a debt-to-equity ratio of 0.84. RLJ Lodging Trust has a 1 year low of $18.67 and a 1 year high of $23.96. The company has a market cap of $3.99 billion, a price-to-earnings ratio of 9.57, a PEG ratio of 1.91 and a beta of 1.14.



RLJ Lodging Trust (NYSE:RLJ) last issued its earnings results on Wednesday, May 9th. The real estate investment trust reported $0.06 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.38). The firm had revenue of $429.59 million during the quarter, compared to analysts’ expectations of $421.69 million. RLJ Lodging Trust had a return on equity of 2.62% and a net margin of 5.03%. The firm’s quarterly revenue was up 65.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.52 earnings per share. equities research analysts anticipate that RLJ Lodging Trust will post 2.38 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in RLJ. Brookfield Asset Management Inc. purchased a new stake in shares of RLJ Lodging Trust in the 1st quarter worth about $93,540,000. Daiwa Securities Group Inc. grew its position in shares of RLJ Lodging Trust by 534.3% in the 4th quarter. Daiwa Securities Group Inc. now owns 3,715,579 shares of the real estate investment trust’s stock worth $81,632,000 after buying an additional 3,129,810 shares during the period. Echo Street Capital Management LLC purchased a new stake in shares of RLJ Lodging Trust in the 1st quarter worth about $10,768,000. Cbre Clarion Securities LLC grew its position in shares of RLJ Lodging Trust by 455.9% in the 4th quarter. Cbre Clarion Securities LLC now owns 472,314 shares of the real estate investment trust’s stock worth $10,377,000 after buying an additional 387,345 shares during the period. Finally, Millennium Management LLC grew its position in shares of RLJ Lodging Trust by 253.9% in the 4th quarter. Millennium Management LLC now owns 436,643 shares of the real estate investment trust’s stock worth $9,593,000 after buying an additional 313,262 shares during the period.

About RLJ Lodging Trust

RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust focused on acquiring premium-branded, focused-service and compact full-service hotels. The Company's portfolio consists of 156 hotels with approximately 30,570 rooms, located in 26 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.

Analyst Recommendations for RLJ Lodging Trust (NYSE:RLJ)

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