RLJ Lodging Trust (RLJ) Scheduled to Post Earnings on Wednesday

RLJ Lodging Trust (NYSE:RLJ) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect RLJ Lodging Trust to post earnings of $0.37 per share for the quarter. Investors that are interested in participating in the company’s earnings conference call can do so using this link.

RLJ Lodging Trust Stock Up 0.8 %

NYSE RLJ opened at $8.84 on Tuesday. RLJ Lodging Trust has a twelve month low of $8.76 and a twelve month high of $12.39. The stock has a market cap of $1.37 billion, a PE ratio of 34.27, a PEG ratio of 0.84 and a beta of 1.70. The firm has a 50-day simple moving average of $9.25 and a 200 day simple moving average of $9.64. The company has a debt-to-equity ratio of 1.12, a quick ratio of 2.60 and a current ratio of 2.60.

Wall Street Analyst Weigh In

A number of analysts recently commented on RLJ shares. Wolfe Research lowered RLJ Lodging Trust from an “outperform” rating to a “peer perform” rating in a research report on Thursday, September 26th. StockNews.com lowered RLJ Lodging Trust from a “hold” rating to a “sell” rating in a research report on Monday, October 28th. Compass Point cut RLJ Lodging Trust from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $18.00 to $10.00 in a report on Monday, August 5th. Wells Fargo & Company downgraded RLJ Lodging Trust from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $11.00 to $9.00 in a research report on Friday, September 13th. Finally, Bank of America reduced their price target on shares of RLJ Lodging Trust from $12.00 to $10.00 and set an “underperform” rating on the stock in a research note on Monday, July 22nd. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $11.71.

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.