RLJ Lodging Trust (RLJ) Receives Average Recommendation of “Hold” from Brokerages

Shares of RLJ Lodging Trust (NYSE:RLJ) have earned an average rating of “Hold” from the twelve analysts that are presently covering the company. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $24.33.

RLJ has been the subject of several research reports. Instinet initiated coverage on shares of RLJ Lodging Trust in a research report on Wednesday, December 14th. They set a “buy” rating and a $28.00 price objective for the company. Nomura initiated coverage on shares of RLJ Lodging Trust in a report on Wednesday, December 14th. They issued a “buy” rating and a $28.00 target price for the company. Royal Bank of Canada reiterated a “buy” rating and issued a $27.00 target price on shares of RLJ Lodging Trust in a report on Tuesday, January 3rd. Canaccord Genuity reiterated a “hold” rating and issued a $23.00 target price on shares of RLJ Lodging Trust in a report on Wednesday, January 4th. Finally, Zacks Investment Research upgraded shares of RLJ Lodging Trust from a “strong sell” rating to a “hold” rating in a report on Thursday, January 5th.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada boosted its position in shares of RLJ Lodging Trust by 19.0% in the second quarter. Royal Bank of Canada now owns 16,633 shares of the real estate investment trust’s stock valued at $357,000 after buying an additional 2,658 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in RLJ Lodging Trust by 94.8% in the third quarter. BNP Paribas Arbitrage SA now owns 11,474 shares of the real estate investment trust’s stock worth $241,000 after buying an additional 5,584 shares during the period. Fisher Asset Management LLC raised its stake in RLJ Lodging Trust by 3.1% in the third quarter. Fisher Asset Management LLC now owns 2,613,882 shares of the real estate investment trust’s stock worth $54,970,000 after buying an additional 77,397 shares during the period. Duff & Phelps Investment Management Co. raised its stake in RLJ Lodging Trust by 1.7% in the third quarter. Duff & Phelps Investment Management Co. now owns 1,567,933 shares of the real estate investment trust’s stock worth $32,974,000 after buying an additional 25,484 shares during the period. Finally, Bank of Montreal Can raised its stake in RLJ Lodging Trust by 100,530.0% in the third quarter. Bank of Montreal Can now owns 150,945 shares of the real estate investment trust’s stock worth $3,174,000 after buying an additional 150,795 shares during the period.

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Shares of RLJ Lodging Trust (NYSE:RLJ) opened at 22.75 on Thursday. The firm’s 50-day moving average is $23.12 and its 200 day moving average is $22.55. RLJ Lodging Trust has a 1-year low of $18.86 and a 1-year high of $25.10. The stock has a market capitalization of $2.81 billion, a P/E ratio of 14.13 and a beta of 1.14.

RLJ Lodging Trust (NYSE:RLJ) last posted its quarterly earnings data on Wednesday, February 22nd. The real estate investment trust reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.40. RLJ Lodging Trust had a net margin of 17.07% and a return on equity of 9.15%. The company earned $271.45 million during the quarter, compared to analyst estimates of $268.79 million. During the same quarter last year, the firm posted $0.60 EPS. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, analysts expect that RLJ Lodging Trust will post $1.04 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 14th. Shareholders of record on Friday, March 31st will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 5.80%. The ex-dividend date is Wednesday, March 29th. RLJ Lodging Trust’s payout ratio is 83.02%.

About RLJ Lodging Trust

RLJ Lodging Trust is a real estate investment trust. The Company is engaged in the acquisition of focused-service and compact full-service hotels. The Company owns approximately 130 hotels with over 20,900 rooms, located in approximately 20 states and the District of Columbia, and an interest in a mortgage loan secured by a hotel.

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