RLJ Lodging Trust (NYSE:RLJ) Rating Lowered to “Sell” at StockNews.com

RLJ Lodging Trust (NYSE:RLJ) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

A number of other analysts have also recently commented on the stock. Wolfe Research cut shares of RLJ Lodging Trust from an “outperform” rating to a “peer perform” rating in a research note on Thursday, September 26th. Oppenheimer raised their target price on shares of RLJ Lodging Trust from $11.00 to $12.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Truist Financial reduced their price target on RLJ Lodging Trust from $14.00 to $11.00 and set a “buy” rating for the company in a report on Monday, October 28th. Finally, 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 report on Monday, December 9th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, RLJ Lodging Trust currently has an average rating of “Hold” and a consensus price target of $11.50.

RLJ Lodging Trust Trading Down 0.9 %

RLJ Lodging Trust stock opened at $10.21 on Tuesday. The company has a market cap of $1.57 billion, a price-to-earnings ratio of 35.21, a P/E/G ratio of 2.31 and a beta of 1.72. The firm has a 50-day moving average of $9.92 and a 200-day moving average of $9.55. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.74 and a quick ratio of 2.74. RLJ Lodging Trust has a one year low of $8.74 and a one year high of $12.39.

RLJ Lodging Trust (NYSE:RLJ) last posted its quarterly 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 company had revenue of $345.74 million during the quarter, compared to the consensus estimate of $342.93 million. RLJ Lodging Trust had a net margin of 5.19% and a return on equity of 3.58%. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.40 earnings per share. On average, equities analysts expect that RLJ Lodging Trust will post 1.34 earnings per share for the current fiscal year.

Hedge Funds Weigh In On RLJ Lodging Trust

A number of hedge funds have recently bought and sold shares of the business. Donald Smith & CO. Inc. increased its holdings in shares of RLJ Lodging Trust by 131.1% during the second quarter. Donald Smith & CO. Inc. now owns 3,311,274 shares of the real estate investment trust’s stock worth $31,888,000 after purchasing an additional 1,878,616 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in RLJ Lodging Trust by 294.1% in the 3rd 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 acquiring an additional 628,157 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of RLJ Lodging Trust by 25.1% during the 3rd 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 acquiring an additional 400,100 shares during the period. State Street Corp grew its holdings in shares of RLJ Lodging Trust by 4.8% during the 3rd quarter. State Street Corp now owns 7,397,290 shares of the real estate investment trust’s stock worth $68,999,000 after purchasing an additional 340,271 shares in the last quarter. Finally, Lighthouse Investment Partners LLC increased its position in shares of RLJ Lodging Trust by 50.9% in the second quarter. Lighthouse Investment Partners LLC now owns 860,000 shares of the real estate investment trust’s stock worth $8,282,000 after purchasing an additional 290,000 shares during the period. 92.35% of the stock is owned by institutional investors.

About RLJ Lodging Trust

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.