RLJ Lodging Trust (NYSE:RLJ) Stock Rating Upgraded by StockNews.com

RLJ Lodging Trust (NYSE:RLJ) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Thursday.

Several other analysts also recently commented on RLJ. Oppenheimer increased their price objective on RLJ Lodging Trust from $11.00 to $12.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Wells Fargo & Company raised their price objective on RLJ Lodging Trust from $10.00 to $10.50 and gave the company an “underweight” rating in a research note on Monday, December 9th. Finally, Truist Financial reduced their target price on shares of RLJ Lodging Trust from $14.00 to $11.00 and set a “buy” rating for the company in a research note on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, RLJ Lodging Trust has an average rating of “Hold” and an average price target of $10.92.

RLJ Lodging Trust Stock Performance

RLJ opened at $9.80 on Thursday. RLJ Lodging Trust has a 1-year low of $8.74 and a 1-year high of $12.39. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 33.79 and a beta of 1.68. The company’s fifty day moving average price is $10.09 and its two-hundred day moving average price is $9.60. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 1.14.

RLJ Lodging Trust (NYSE:RLJ) last posted its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.23). The business had revenue of $345.74 million during the quarter, compared to analyst estimates of $342.93 million. RLJ Lodging Trust had a return on equity of 3.58% and a net margin of 5.19%. The company’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.40 EPS. On average, analysts expect that RLJ Lodging Trust will post 1.37 EPS for the current fiscal year.

Institutional Trading of RLJ Lodging Trust

Several hedge funds have recently added to or reduced their stakes in RLJ. Donald Smith & CO. Inc. grew its position in shares of RLJ Lodging Trust by 46.6% during the 3rd quarter. Donald Smith & CO. Inc. now owns 4,855,122 shares of the real estate investment trust’s stock valued at $44,570,000 after acquiring an additional 1,543,848 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in RLJ Lodging Trust by 294.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 841,753 shares of the real estate investment trust’s stock valued at $7,727,000 after purchasing an additional 628,157 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in RLJ Lodging Trust by 25.1% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,991,625 shares of the real estate investment trust’s stock valued at $18,283,000 after purchasing an additional 400,100 shares during the period. State Street Corp increased its position in RLJ Lodging Trust by 4.8% in the third quarter. State Street Corp now owns 7,397,290 shares of the real estate investment trust’s stock worth $68,999,000 after buying an additional 340,271 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of RLJ Lodging Trust by 4.9% in the third quarter. JPMorgan Chase & Co. now owns 5,166,593 shares of the real estate investment trust’s stock valued at $47,429,000 after buying an additional 240,254 shares during the period. Institutional investors own 92.35% of the company’s stock.

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.